John Westwood, Group Chairman of Douglas-Westwood and Dan Eberhart, CEO of Canary USA, give their insights on the future of oil & gas in the Indian market.
Tag: hydrocarbons
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OVL talks to Pemex for Mexico tie-up
ONGC Videsh (OVL) is in talks with Petroleos Mexicanos (Pemex), the national oil company of Mexico for a potential tie-up to pick up equity in exploration and production assets in the Latin American nation.
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New oil & gas exploration norms
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas, Dharmendra Pradhan, said that to increase domestic exploration, the government has taken several policy measures such as New Exploration Licensing Policy,
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ONGC to recover oil and gas from challenging fields
State-run ONGC is taking steps to recover oil and gas from tough reservoirs in India using high end technology. As part of this initiative, the firm set up a ‘Centre of Delivery’ for HPHT and ‘tight’ reservoirs in November 2012. The centre is headquartered in Chennai, because the eight fields identified are in the South — five in the Krish
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Asian firms to compete with India for overseas assets
Reports suggest that Indian oil companies that attempt to acquire overseas energy assets may find stiff competition from Asian countries like Japan and China. Oil companies in Japan are said to be on a quest for upstream assets overseas, often with strong state support as the government tries to reduce reliance on atomic power after the Fukushima disaster. China, which was a major crude oil importer from Iran, had to reduce reliance on oil from the Gulf company follo
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Energy | Why LNG for India?
LNG has proved to be moe expensive than investors had bargained for. Yet why do investors keep returning to that option? Energy mix of a country is driven by the domestic availability of fuels and govÂernment’s energy sector policies incluÂding of...
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OIL, HPCL join hands
Oil India (OIL) has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) to work together in areas of mutual interest.
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OIL explores hydrocarbons
Oil India (OIL) made its foray into the Cauvery Basin by initiating seismic surveys in its offshore block to locate possible areas for exploration of hydrocarbons.