Oil Fields

Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.

Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.

Prime Minister Narendra Modi on Thursday invited global investments in the green energy sector stressing India's potential in renewable energy like wind, solar and biogas is no less than a "goldmine or oil field".

India and the US have inked four major MoUs in the field of oil & gas to intensify the bilateral strategic clean energy partnership.

The Supreme Court on Friday sought a response from the Centre on an appeal of Vedanta Ltd against a Delhi High Court verdict related to a production sharing contract (PSC) of Vedanta and the ONGC to produce oil from the Barmer oil field in Rajasthan.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

Russia said on Wednesday that the West had "shot itself in the head" by trying to limit energy imports from the oil and gas fields of Siberia due to the Ukraine conflict, in sharp contrast to China which has increased deliveries of energy.

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.

ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields.

Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.

The Oil Ministry has stopped making a new allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said.

Oil India Limited's field headquarters in Assam's Dibrugarh district is facing one of the biggest IT crises as a section of the desktop computers have been shut down after malwares were found in them.

Iran and Kuwait have held unsuccessful talks for many years over their disputed,rich in natural gas, maritime border area.Recent attempts to revive negotiations have failed, Iran's oil minister said Tehran may pursue work on field without permission.

Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.

Prime Minister Narendra Modi on Thursday invited global investments in the green energy sector stressing India's potential in renewable energy like wind, solar and biogas is no less than a "goldmine or oil field".

India and the US have inked four major MoUs in the field of oil & gas to intensify the bilateral strategic clean energy partnership.

The Supreme Court on Friday sought a response from the Centre on an appeal of Vedanta Ltd against a Delhi High Court verdict related to a production sharing contract (PSC) of Vedanta and the ONGC to produce oil from the Barmer oil field in Rajasthan.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

Russia said on Wednesday that the West had "shot itself in the head" by trying to limit energy imports from the oil and gas fields of Siberia due to the Ukraine conflict, in sharp contrast to China which has increased deliveries of energy.

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields.

ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.

ONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.

State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields.

Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.

The Oil Ministry has stopped making a new allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said.

Oil India Limited's field headquarters in Assam's Dibrugarh district is facing one of the biggest IT crises as a section of the desktop computers have been shut down after malwares were found in them.