Oil & Gas Energy News
(Friday, 11 May 2012 17:00) ONGC Videsh Ltd (OVL) is likely to relinquish a Vietnamese oil block in South China Sea after failing to drill wells because of hard seabed in the area. (Thursday, 05 April 2012 15:34) Seaborne oil exports from OPEC, excluding Angola and Ecuador, will rise by 660,000 barrels per day (bpd) in the four weeks to April 21. (Thursday, 29 March 2012 11:47) India's Essar Oil has sought the government's approval to set the price for coal bed methane (CBM) gas at $4.20 per million British thermal unit (mBtu). (Monday, 26 March 2012 20:12) The European Union in January placed an immediate ban on new contracts to import, purchase or transport Iranian crude and petroleum products. (Wednesday, 21 March 2012 14:16) Essar said with the commissioning of Vacuum Gas Oil Hydrotreating Unit and Sulphur Recovery Unit, only the one unit remains to be commissioned. (Tuesday, 06 March 2012 14:09)  With electioneering in five states coming to an end, state-owned oil companies are pushing for raising petrol price by over Rs 5 per litre.
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