Oil And Gas Reserves

Move comes as traditional buyers of the country reduce imports

Saudi benchmark contract prices (CPs) for November for propane and butane, blended to make LPG, dropped to their lowest since August 2023 - $475 and $460 a tonne

The IEA will publish its "Current Policy Scenario" this year, showing oil and gas demand won't peak this decade, overturning past assumptions, sources familiar with the draft report said

India targets deepwater and ultra-deepwater oil and gas to cut import reliance and boost energy security

The National Deepwater Mission will create a corpus fund to boost strategic oil and gas exploration in deepwater and ultra-deepwater areas as OIL ramps up acreage

Top Trump administration officials fresh off touring one of the country's largest oil fields in the Alaska Arctic headlined an energy conference led by the state's Republican governor on Tuesday that environmentalists criticised as promoting new oil and gas drilling and turning away from the climate crisis. Several dozen protesters were outside Governor Mike Dunleavy's annual Alaska Sustainable Energy Conference in Anchorage, where US Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin were featured speakers. The federal officials were continuing a multiday trip aimed at highlighting President Donald Trump's push to expand oil and gas drilling, mining and logging in the state. The trip has included meetings with pro-drilling groups and officials, including some Alaska Native leaders on the petroleum-rich North Slope, and a visit to the Prudhoe Bay oil field near the Arctic Ocean that featured selfies near the ..

The nation's gas fleet totaled 20.1 gigawatts in April, compared with 25.2 a month earlier, data from the power ministry's Central Electricity Authority show

India's natural gas consumption is likely to rise by close to 60 per cent by 2030 on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB. Consumption of natural gas, which is used to produce electricity, make fertilizer or turned into CNG for running automobiles and piped to household kitchens for cooking, is expected to rise from 188 million standard cubic metres per day in 2023-24 to 297 mmscmd by 2030 under 'Good-to-Go' scenario which assumes moderate growth and developments based on current trends and commitments, the study by Petroleum and Natural Gas Regulatory Board (PNGRB) said. It is projected to rise to 496 mmscmd by 2040 under the same scenario. Under the 'Good to Best' scenario that considers accelerated progress, favourable policy implementation, and enhanced investments leading to higher-than expected growth, consumption could rise to 365 mmscmd by 2030 and 630 mmscmd by 2040.

Cairn Oil & Gas, part of Vedanta Group and India's largest private oil and gas exploration and production company, has entered into an agreement to hire a high performance 2000 horsepower drilling rig from Parker Wellbore, recently acquired by Nabors Industries - a global technology provider. The pact will help expand the company's oil and gas exploration and production operations in India, the firm said in a statement. Cairn "will deploy this state-of-the-art rig in Barmer, Rajasthan - the company's largest onshore producing asset in India, this month," it said. "This deployment aligns with Cairn's ongoing efforts to increase production and support its exploration initiatives in the region." Recently at CERAWeek 2025, Vedanta chairman Anil Agarwal shared the company's plan for India's energy sector growth. The company will be investing in brownfield projects to add 5 billion barrels of oil equivalent reserves, and produce 500,000 barrels per day at a cost of USD 5 per barrel, the

The case revolves around state-owned ONGC's claims that RIL drilled wells near their block boundaries, allowing gas to migrate from ONGC's fields to RIL's KG-D6 block between 2009 and 2013

Chairman also expected that the Union Budget would give relief on compression charges on CNG and some steps are taken to bring natural gas under the GST coverage

EU gas storage sites have emptied faster this year than in recent winters and are currently 59% full, according to the latest data from Gas Infrastructure Europe

Donald Trump's push for fossil fuel dominance through his 'drill, baby, drill' approach endangers global climate efforts and hits vulnerable developing nations the hardest

The Centre's wildlife panel has approved a proposal to carry out oil and gas exploration in the eco-sensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Assam's Jorhat district. The Standing Committee of the National Board for Wildlife (NBWL), chaired by Union Environment Minister Bhupender Yadav, approved the proposal by Vedanta Group's Cairn Oil & Gas during its meeting on December 21, according to the minutes of the meeting. Assam's principal chief conservator of forests (wildlife) and chief wildlife warden had recommended clearance for the project in August last year, citing "national interest". The Forest Advisory Committee of the Union Environment Ministry had also granted in-principle approval during its meeting on August 27 last year. According to the minutes of the NBWL meeting, a team comprising officials from the Union Environment Ministry, the Wildlife Institute of India (WII), and the Assam Forest Department inspected the project site, located about 13 km ..

Rising global prices, cut in APM gas allocation behind higher trades

Moldova's parliament on Friday voted in favour of imposing a state of emergency in the energy sector over fears that Russia could leave the European Union candidate country without sufficient natural gas supplies this winter. A majority in Moldova's 101-seat legislature voted to pass the state of emergency, which will start on December 16 and last 60 days. A special commission will urgently adopt measures to manage imminent risks if Moscow fails to supply gas to the Kuciurgan power plant, the country's largest, which is situated in the separatist pro-Russian Transnistria region. Moldovan Prime Minister Dorin Recean said his country faces an exceptional situation in which Moscow could deliberately weaponise energy flows to destabilise the country, and potentially leave people in the middle of winter without heat and electricity. Russian energy giant Gazprom supplies the gas-operated Kuciurgan plant, which generates electricity that powers a significant portion of Moldova proper. The

Oil and gas industry associations also pushed back against the cap, arguing it will kill jobs and cut tax revenue

State-owned Oil and Natural Gas Corporation's (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got no bids, sources said. The tender offering stake to technical and financial partners in the Deen Dayal field, which ONGC had acquired from a Gujarat government firm for USD 1.2 billion, received no bids, two sources aware of the matter said. ONGC on June 12 sought expression of interest from "global oil and gas companies with requisite technical expertise and financial strength to join as partner (with participative interest) for firming up a viable strategy" for the field, according to the tender document. Bids closed on September 12. The field has produced negligible quantities of gas since ONGC in January 2017 acquired Gujarat State Petroleum Corporation's (GSPC) 80 per cent interest in the KG-OSN-2001/3 block off the east coast of India. The block contains the Deen Dayal W

'I do trust the traditional LNG suppliers more than US LNG players,' said Jane Liao, vice president at CPC, told the APPEC conference

The president said South Korea has conducted a series of explorations for oil and gas beginning in 1996 and tapped a gas reserve of the equivalent of about 4.5 million barrels