ONGC gets green nod for exploratory drilling in KG basin
The current production of oil and gas is 750-800 tonnes per day and 2.5-3 million cubic metres of gas, respectively, from various facilities in this area.
Jun 27, 2017, 13:52 PM IST
Oil climbs above $52 per barrel on support from US fuel stocks
Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.
Oct 14, 2016, 20:20 PM IST
RIL to further scale down capex for shale gas business in US
Reliance Industries (RIL), which Tuesday reported its best-ever quarterly net income at Rs 7,290 crore on better refining margins, said it will continue to scale down capital expenditure (capex) for its struggling shale gas business in the US.
Jan 20, 2016, 00:03 AM IST
Govt waives off customs duty on goods for idle fields of ONGC, OIL
The government has waived off customs duty on import of goods for producing oil and gas from 69 idle fields of state-owned ONGC and Oil India Ltd that will be auctioned this year.
Jan 08, 2016, 17:47 PM IST
BHP Billiton takes $2.8 bn pre-tax writedown as oil price tumbles
Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax writedown on its onshore assets in the United States as plunging oil prices hit shale gas.
Jul 15, 2015, 12:17 PM IST
RIL closes shale gas assets sale deal
Oil refiner-to-retail major Reliance Industries on Friday announced the closing of the recently announced sale of its shale gas assets in EFS Midstream to an affiliate of Enterprise Products Partners.
Jul 10, 2015, 17:27 PM IST
Algeria looks to invest $70 bn in shale gas over 20 years
Algeria`s state-owned energy giant Sonatrach plans to invest at least $70 billion over the next 20 years to exploit shale gas in the southern desert, its managing director said on Sunday.
Jan 11, 2015, 18:35 PM IST
Ineos in $1 bn bid to become UK's biggest fracking firm
Swiss-based petrochemical firm Ineos launched plans Thursday to become the biggest player in Britain`s fracking sector with a $1.0-billion investment in the nation`s shale gas industry.
Nov 20, 2014, 22:28 PM IST
BHP Billiton to sell US shale gas assets
Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar writedown.
Oct 28, 2014, 07:16 AM IST
