The “Indian Petroleum & Natural Gas Statistics” presents updated comprehensive statistics on various aspects of Indian Petroleum & Natural Gas sector. The data on international developments in respect
Seen from the porthole of a Super Puma helicopter skimming over the Atlantic, the future of African oil exploration appears for a second like a giant, fire-breathing dragon. Towering 12 storeys above the waters off Nigeria, Royal Dutch Shell's mammoth Bonga facility puffs a constant plume of flame as it sucks oil from below the ocean floor. Shell sees Bonga's start-up in November 2005 as heralding a new era of deepwater operations in Nigeria, where a series of recent reports have revealed the depths of its difficulties onshore in the swamps of the Niger Delta.
In a major relief to companies like Reliance Industries, the government is likely to restore a 7-year income tax holiday on oil and gas production as it was a sovereign commitment to companies investing in the nascent sector. But uncertainity continues over the same tax break being extended to refineries commissioning after April 1, 2009. Sources in the finance ministry said the Budget proposals for 2008-09 had actually intended only to introduce a sunset clause for 7-year income tax holiday for refineries commissioned after April 1, 2009.
India is looking upon Venezuela as a white knight as its state-owned refiner-marketers grapple with raging oil prices. The oil ministry has asked IndianOil to tap the Andean country for cheaper crude that will yield higher margins and help reduce overall losses accruing from selling motor and kitchen fuels at governmentcapped prices.
In 1994, the Nagaland government asked the Oil and Natural Gas Corporation (ongc) to shut shop in the state. Pressure from local people and militant groups had a big role in the decision. The
<i>Pungthing Shimrang, a senior member of National Socialist Council of Nagaland (Issac Muviah), tells Down To Earth</i><br> <br> <b>On resumption of oil exploration </b> <br> We have not agreed on that. We can't allow mineral resources of the state to be extracted by outsiders.<br> <br> <b>On environmental damages</b>
Shell Bullish On Chukchi Oil And Gas Potential US: April 7, 2008 ANCHORAGE - Alaska's Chukchi Sea, the remote region separating North America's northwestern tip from northeastern Siberia, is one of the "potentially most prolific oil fields" left in the world and could ultimately compare to the Gulf of Mexico as a source of domestic energy, a Shell official said Friday.
Alarmed by the growing influence of China in the oil and gas sector in many African countries, India has decided to turn its focus from the OPEC countries to the African nations for acquisition of oil
Banned outfit ULFA has warned ONGC and Oil India Limited (OIL) to desist from carrying out seismic exploration of hydrocarbons in the Brahmaputra valley in the interests of safeguarding historic monum
I am writing this article by the light of a gas lamp in my home in the forest sanctuary of Binsar in the hills of Kumaon.
Faced with the trend of declining production, Oil and Natural Gas Corporation (ONGC) is understood to have identified 14 of its major oil and gas fields for augmentation of production under the oil re
