Anil Agarwal-led resource major Vedanta Limited will invest around $245-million in natural gas and crude oil over the next four years in licenses it bagged for 10 blocks across India.
Vedanta said in a statement that “the company has been successfully…
Vedanta to invest $245m on Indian oil, gas blocks Read More »
The A$40-billion Burrup Hub development proposed by oil and gas major Woodside could boost Australia’s gross domestic product (GDP) by some A$414-billion during 2019-2063, new data from economic consultants ACIL Allen has shown.
Woodside COO Meg O’Nei…
Burrup Hub set to deliver billions in benefits Read More »
The Queensland government has awarded Authority to prospect (ATP) for gas on more than 1 510 km2 of land in the Surat Basin, paving the way future gas supply in the region.
Natural Resources, Mines and Energy Minister Dr Anthony Lynham on Wednesday a…
Qld releases more gas exploration acreage Read More »
Opec+ nations are close to finalizing a “charter” for a long-term alliance, with a document likely to be signed as soon as this week, said two delegates. Members of the group received a revised draft of the document on Sunday that appeared to have broa…
Opec+ is close to finalising a charter for long-term cooperation Read More »
ASX-listed Oil Search will spend $450-million to double its interest in the Pikka Unit Nanushuk oil field, in Alaska.
Oil Search in February last year completed a $400-million acquisition of a 25.5% interest in the Pika Unit and adjacent exploration a…
Australia’s Oil Search ups stake in Alaska field Read More »
Oil and gas major Santos on Thursday announced that the Barossa joint venture (JV), in which it owns a 25% interest, has entered into exclusive negotiations with the Darwin liquefied natural gas (LNG) JV, for the supply of backfill gas.
Santos is also…
Barossa JV nears Darwin LNG deal Read More »
A federal court in Lagos on Monday adjourned until 22 July a case brought by local oil firm Oando to halt management changes the country’s securities and exchange commission is trying to enforce. The SEC’s action followed an investigation in which it a…
Nigerian court adjourns Oando case against securities regulator to 22 July Read More »
The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&…
India plans incentives for oil, natural gas E&P investors Read More »
In a bid to circumvent government plans of taking away its small discovered fields (DSFs), national oil, natural gas exploration and production major ONGC has decided to auction such assets under production enhancement contracts (PECs), while retainin…
ONGC to outsource small, discovered oil, gas fields while retaining ownership Read More »
In a bid to circumvent government plans to take away its discovered small fields (DSFs), national oil and natural gas exploration and production (E&P) major ONGC has decided to auction such assets under production enhancement contracts, while retai…
ONGC to outsource discovered small oil, gas fields while retaining ownership Read More »
