Thanks to the US shale revolution, the US may finally achieve energy independence, set as a goal by every president since Richard Nixon. Will India be able to achieve even the modest goal set by PM Narendra Modi, of reducing oil dependence by 10% by 2022?
Indonesia will offer 40 conventional and 3 unconventional oil and gas blocks in a tender this year, acting oil and gas director general Ego Syahrial said on Thursday
India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country’s first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.
India’s first auction of oil and gas blocks under a new liberal licensing regime on Thursday is set to test investor appetite at a time when renewable sources of energy are threatening the dominance of fossil fuels.
The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
There is huge scope in oil and gas sector in Rajasthan and in the new oil fields, the auction will take place according to the new policy on January 18 in which many oil companies and investors from India and abroad have shown interest and have applied for blocks.
China on Thursday objected to Vietnam’s invitation to India to invest in oil and natural gas sector in the disputed South China Sea (SCS), saying it is firmly opposed to infringement of its rights using development of bilateral ties as an “excuse”.
Amid talks of merger of public sector oil and gas companies, the government is considering a proposal to split GAIL (India) with the marketing operations spun off into a separate company.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India and Israel on cooperation in the oil and gas sector.
The global oil and gas industry is reinventing itself in search of an optimal trajectory into a sustainable future. The good news in 2017 was a return of cautious optimism across the industry.