Shell Oil will present an ambitious proposal to the federal government this week, seeking permission to drill up to 10 exploratory oil wells beneath Alaska

Oil and Natural Gas Corporation (ONGC) on Wednesday announced two new oil and gas discoveries in Gujarat.

Ministerial discussions between the four countries to start tomorrow.
India is likely to extend the deadline for signing a gas sales and purchase agreement for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.

The fight to stop the global oil industry exploring the pristine deep waters of the Arctic has been dubbed the new cold war, and early on April 22 it escalated as environmental activists from 12 countries occupied the world's second largest rig on its way from Turkey to Greenland to drill among the icebergs.

The protesters found the 52,000-tonne semi-submersible platform Leiv Eiriksson at aroun

The Indian economy is expected to grow at a slower 8.2% in the current fiscal, down from 8.6% last year, as high oil prices coupled with monetary and fiscal tightening would have a dampening effect on demand, the Asian Development Bank (ADB) has said.

High prices and concerns about energy security in the oil and gas industry are driving expansion into ever more sensitive environments with greater technological, political and social risks. While brands such as BP, Shell and ExxonMobil are well known, some 70 per cent of oil and gas industry activities are typically contracted out to service providers and their subcontractors.

Repsol YPF, a Spanish-Argentine company, has a contract to explore for oil in a
remote part of the Peruvian Amazon known as Lot 39. This region, in northern Peru, is home to at least two of the world’s last uncontacted tribes.
Repsol currently claims there is not enough evidence to prove the existence of

In an interesting development vis-

As Royal Dutch Shell and other oil companies prepare to drill offshore in the Alaskan Outer Continental Shelf (OCS), a new report commissioned by the Washington, DC–based Pew Environment Group concludes current response capabilities aren’t adequate to contain and clean up a major spill in the area.1 Marilyn Heiman, who directs the group’s U.S. Arctic program, says drilling on the Alaskan OCS requires a science-based precautionary approach. “And right now, we don’t know enough about the potential consequences of a spill to the ecosystem,” she says.

On 1 February 2011, A.K. Hazarika took over as chairman and managing director of Oil and Natural Gas Corporation (ONGC). With this move, Hazarika would be heading one of India

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