ONGC opens 8th hydrocarbon producing basin of India in West Bengal after 60 years

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State-owned Oil and Natural Gas Corporation (ONGC) opened India’s eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin. Oil production commenced from the well Asokenagar-1 in 24 Pargana district, the company said in a statement. “The well Asokenagar-1 was completed as an oil producer under early-monetisation plan issued by the […]

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Oil India makes gas discovery in Assam; Q2 net profit drops by 42% to Rs 381 crore on blowout expenses

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Oil India Ltd, the nation’s second-largest state oil producer declared natural gas discovery at a well drilled in Tinsukia, Assam. “The discovery will open up new areas for further oil and gas exploration in Assam and would help in enhancing the gas production with future appraisal and development activities,” the company said in a statement. Oil […]

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Is ExxonMobil close to making a mega oil discovery in Pakistan?

ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait, the Pakistani Minister for Maritime Affairs and Foreign Affairs Abdullah Hussain Haroon said. Addressing business leaders at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Haroon […]

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