Brazilian state-controlled energy giant Petrobras declared that it has begun refining the first oil extracted from the ultra-deep Tupi field, one of the massive, “pre-salt” discoveries in the Santos Basin. For full story, click here
Continue reading "Petrobras has begun refining ‘Pre-Salt’ Crude"
Tuesday, May 12, 2009
Bongaigaon Refinery and Petrochemicals, a subsidiary of Indian Oil Corporation dcelared that it has been nominated by the Government as the agency to receive crude oil from Cairn India’s Ravva oilfield in the Krishna-Godavari basin. For full story, click here
Continue reading "Bongaigon Refinery will receive Cairn’s Ravva Crude"
Monday, February 9, 2009
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
Continue reading "Oil Price Drops on Job Losses"
Wednesday, January 14, 2009
BP and Reliance Industries signed a production sharing contract for the block KG-DWN-2005/2 with the Indian government. For full story, click here
Continue reading "BP, RIL sign contract to jointly explore in KG basin"
Tuesday, December 30, 2008
Reliance Industries has shut crude oil production from its Krishna Godavari basin D6 fields after a pipe rupture. For full story, click here
Continue reading "RIL shuts oil production from KG-basin after pipe rupture"
Wednesday, December 24, 2008
BP and Reliance Industries (RIL) on Monday signed a production sharing contract for the block KG-DWN-2005/2 with the Government of India. For full story, click here
Continue reading "BP gets ready to explore the Indian deepwater"
Sunday, December 21, 2008
Reliance Industries (RIL) is expected to produce natural gas from its Krishna-Godavari (KG) basin by February next year, said an official in the petroleum ministry, who didn’t wish to be named. For full story, click here
Continue reading "RIL may begin production at KG basin by Feb 2009"
Friday, October 24, 2008
Nigerian National Petroleum Corporation has started oil exploration in Lake Chad basin, a project it abandoned some years back. For full story, click here For company’s website, click here
Continue reading "NNPC starts Oil Exploration in Chad Basin"
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Monday, July 6, 2009