Saudi Arabia called for swift action to secure Gulf energy supplies, after the US blamed Iran for attacks on two oil tankers in a vital oil shipping route that have raised fears of broader confrontation in the region.
India may have temporarily stopped purchasing oil from Iran since the expiry of US waiver from sanctions in early May but the two countries continue to engage with each other on a host of common challenges, including the future of Afghanistan.
The discovery of oil reserves in Barmer has evoked great interest in petroleum branch of engineering among aspiring engineers from Rajasthan.
GAIL Chairman B C Tripathi said the company has exceeded its capex target of Rs 6,400 crore for financial year 2018-19
Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co.
Iran is likely to award up to five oil exploration and production contracts to local firms, with the first deal expected within months, a senior oil official was quoted on Monday as saying.
Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.
Oil just had its best quarter in more than a decade. Naturally, President Donald Trump is complaining.
The government today announced it has selected 14 companies for awarding 23 oil and gas blocks under the second round of bidding for rights to develop discovered small fields (DSF).
For the first time since the global oil shock of 1973, India’s faltering steps towards energy security have given way to a holistic oil diplomacy that lays stress on personal chemistry, combining it with trade-offs and a strategic vision.