User: esg Topic: Issues
Category: oil-exploration
Last updated: Feb 18 2018 23:06 IST RSS 2.0
 
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Mkts extend rally; realty, banks, metal, oil explo ... 12.9.2024 CNN-IBN Top Stories
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Abu Dhabi awards Spanish firm stake in offshore oil concession 18.2.2018 General News
Abu Dhabi National Oil Co(ADNOC) said today it has awarded Spanish Cepsa firm a 20 per cent share in a concession of two offshore oil fields in a deal worth USD 1.5 billion. The 40-year deal aims to double production at the emirates offshore fields of SARB and Umm Lulu to 215,000 barrels per day, state-owned ADNOC said in a statement. Its subsidiary, ADNOC Offshore, will retain a 60 percent stake in the project while the remaining 20 per cent will be awarded to another company, the statement said. Cepsa, a global oil and gas company, is wholly-owned by Abu Dhabis Mubadala Investment Company which has assets worth over USD 125 billion. "This long-term agreement is a milestone in the development of Abu Dhabis integrated oil and gas sector and in the delivery of ADNOCs 2030 smart growth strategy," CEO of ADNOC Sultan al-Jaber said. Last week, ADNOC awarded a 10 percent stake in the offshore concession of Lower Zakum to an Indian consortium led by ONGC Videsh company for USD 600 ...
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Rakesh Jhunjhunwala-Backed John Energy Files Rs 350 Crore IPO Plan 18.2.2018 NDTV News - Latest
John Energy, which is based in Mehsana, Gujarat, is backed by ace investor Rakesh Jhunjhunwala
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OVL to bid for Iran's South Azadegan oilfield, rework Farzad-B cost 18.2.2018 General News
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), will bid for development rights of Iran's giant South Azadegan Oilfield in direct competition with the likes of global giants like Shell, France's Total, Petronas of Malaysia and Russia's Gazprom. OVL will also rework the USD 6.2 billion cost of developing the Farzad-B gas field in the Persian Gulf, which it had discovered a decade back, to get Iran to award rights of the field to it, sources privy to the development said. OVL is one of the 34 companies Iran pre-qualified last year for development of South Azadegan field, which contains an estimated 33 billion barrels of oil in place, of which 6 billion barrels are deemed recoverable. The field currently produces about 80,000 barrels of oil per day (4 million tonnes per annum) and output is envisaged to touch 320,000 barrels a day (16 million tonnes). Sources said OVL will make a formal bid when National Iranian Oil Co (NIOC) opens a tender for ...
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Iran offers to increase freight discount to boost oil sales to India, seeks to grab market share of rivals Saudi Arabia, Iraq 18.2.2018 Latest News India on Firstpost
Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports
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Iran deepens freight discount to boost oil sales to India - sources 18.2.2018 General News
NEW DELHI (Reuters) - Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports, as the OPEC member is keen to eat into the market share of other producers including top rivals Saudi Arabia and Iraq.
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Iran Offers to Raise Freight Discount on Oil Sales to Boost Export to India 18.2.2018 Top India News- News18.com
Iran is pushing to retain customers for its oil in Asia, hoping concessions will boost the appeal of its crude compared with other Middle Eastern suppliers, even as the threat looms of potential further US sanctions on the country.
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Iran deepens freight discount to boost oil sales to India: sources 18.2.2018 General News
NEW DELHI (Reuters) - Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports, as the OPEC member is keen to eat into the market share of other producers including top rivals Saudi Arabia and Iraq.
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Iran deepens freight discount to boost oil sales to India: sources 18.2.2018 Reuters: Money News
NEW DELHI (Reuters) - Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports, as the OPEC member is keen to eat into the market share of other producers including top rivals Saudi Arabia and ...
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India seeks stake in Iranian oilfield, to raise oil imports 17.2.2018 General News
India today sought from Iran a stake in a producing oil field and said it will raise crude oil import from Iran in the financial year beginning April, reversing the 25 per cent reduction it had done in the current fiscal. Visiting Iranian Oil Minister Bijan Namdar Zangeneh, after talks with his Indian counterpart Dharmendra Pradhan, said he was "optimistic" about signing of an agreement awarding rights of Iran's giant Farzad-B gas field to its discoverer, ONGC Videsh Ltd. He said Indian public and private sector oil companies will in 2018-19 fiscal buy 0.5 million barrels of crude oil per day (25 million tonnes). This will be 25 per cent more than current fiscal imports estimated at 370,000 barrels per day (18.5 MT). India had for the current fiscal cut oil imports from Iran by nearly 25 per cent over delays in award of Farzad-B development rights to OVL. In 2016-17, India had imported 510,000 barrels per day (25.5 million tonnes) of oil from Iran. "I am very optimistic about the ...
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7 Healthy Foods To Treat Oily Skin 17.2.2018 NDTV Food - Latest
Proper cleansing, toning and moisturizing the skin with the help of good products can indeed help you in getting a soft and supple skin. However, diet is very important too. Here's what you should eat...
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Oil gains in weekly recovery on equities rebound, weak dollar 17.2.2018 General News
NEW YORK (Reuters) - Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude's recovery from last week's slide.
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Oil gains in weekly recovery on equities rebound, weak dollar 17.2.2018 Reuters: Money News
NEW YORK (Reuters) - Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude's recovery from last week's slide.
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4 small earthquakes recorded in northwestern Oklahoma 16.2.2018 General News
The US Geological Survey reports four small earthquakes in northwestern Oklahoma, the strongest with a preliminary magnitude of 3.8. No injuries or damage have been reported as a result of the Friday morning temblors near Waynoka. Geologists say damage is not likely in quakes below magnitude 4.0. The 3.8 magnitude quake struck at 7:21 a.m. about 285 miles (459 kilometers) northwest of Oklahoma City. A magnitude 3.4 quake struck the same area at 1:16 a.m. and magnitude 2.7 and 2.6 quakes struck minutes later. Thousands of earthquakes have been recorded in Oklahoma in recent years with many linked to the underground injection of wastewater from oil and gas production. Oklahoma regulators have directed several oil and gas producers in the state to close injection wells and reduce volumes in others.
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Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report 16.2.2018 All Markets Stories
Consumption of crude oil by refineries in the country is projected to grow at the rate of 4.5 per cent CAGR (compounded annual growth rate) and reach the level of 2145.3 million barrels by 2021-22, says a report by Care Ratings.The report, however, said there is a flip side for crude oil consumption on account of increasing use of natural gas as India is on the move towards a gas based economy, natural gas being a cleaner and greener fuel alternative. Besides this, rapid adoption of electric vehicles by 2030 could cause oil demand to plateau."Domestic crude oil production is expected to further increase and become more stable by the end of FY 2018-19. With the introduction of Hydrocarbon Exploration and Licensing Policy where companies get to carve out their areas of interest to explore through the open acreage licensing coupled with the rise of crude oil prices globally, domestic production will rise steadily at a stable growth rate", the report said.Indian economy is to grow by 6.5 .
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BHP Billiton to drill two new deepwater wells in Trion this year 16.2.2018 Reuters: Money News
MEXICO CITY (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas ...
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BHP Billiton to drill two new deepwater wells in Trion this year 16.2.2018 General News
MEXICO CITY (Reuters) - Drilling of a new appraisal well and a separate exploration well in BHP Billiton deepwater Trion project will begin later this year, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources.
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Guar gum futures rise on export demand 16.2.2018 General News
Guar gum prices remained in demand, rising Rs 116 to Rs 9,570 per quintal in futures trade today on elaborated of holdings by speculators tracking upbeat physical sentiments backed up by strong export demand. Market players said increase in bets by operators in line with tight supplies of guar seed in spot markets, coupled with robust export demand for oil drilling industries kept guar gum futures prices positive for the second consecutive day today. At the National Commodity and Derivative Exchange, guar gum delivery for March contracts rose Rs 116, or 1.23 per cent, to Rs 9,570 per quintal, with a business turnover of 71,560 lots. The delivery for April contracts also rose by Rs 103 or 1.07 per cent to Rs 9,690 per quintal, with an open interest of 5,600 lots.
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India's trade deficit widens to US$ 16.3 billion in January 2018 15.2.2018 General News
Exports up 9.1%, imports jump 26.1% in January 2018
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