Latest News for: Oil and Gas Exploration


President Biden got the energy market he wanted with less oil pumped

Norfolk Daily News 02 Jul 2022
A week later, he banned new oil and gas leases on federal lands and waters, and in June he shut down exploration on existing leases in ANWR ... At every turn Team Biden has worked to restrict and reduce domestic oil and gas production ... Biden’s earlier decisions that pushed oil and gas prices up.

Reader's View: Blame gas prices on the vehicles we choose

Duluth News Tribune 02 Jul 2022
The gas-price rollercoaster can be said to have started with the 1973 Yom Kippur War, which precipitated the “Arab Oil Embargo” by OPEC, the Organization of Oil Exporting Countries ... Second, the high oil prices spurred the oil industry to expand exploration; and by the time Ronald Reagan became president, they were discovering more and more oil.

Venezuela economy shows signs of growth, invites Malaysian investors

Malaysian National News Agency 02 Jul 2022
KUALA LUMPUR, July 1 (Bernama) -- Venezuela which is slowly but steadily recovering from years of economic crisis has invited Malaysian companies to explore the possibility of investing in the South American country’s agro-based industry, mining, new oil and gas exploration ...

Eroton Blames Cawthorn Channel Spill on Sabotage, Commences Containment

This Day 02 Jul 2022
Eroton Exploration and Production Company Limited, an indigenous oil and gas company has blamed sabotage for the oil spill which was reported at its facility at the Cawthorn Channel 15 Well head and condemned it as reprehensible and a negative action against the environment.

State-run energy cos yet to spot ways to monetize assets | Mint

Live Mint 01 Jul 2022
State-run oil and gas companies are yet to finalize alternative asset monetization plans after shelving their earlier plan to monetize oil and gas pipelines, two officials familiar with the matter said ... Under the initial plan, oil and gas companies, Indian Oil Corp ... Oil and gas is ...

ONGC gears up for promising Andaman deep-water drilling campaign

Upstream Online 01 Jul 2022
India is making a big push for oil and gas exploration in Andaman deep-water basin,” and the company has been entrusted by the Indian government “to steer ...

Providence eyes new name as oil-field plans face delay

Irish Independent 01 Jul 2022
Energy explorer Providence Resources – whose biggest shareholder is beef baron Larry Goodman – is proposing to change its name to Barryroe Offshore Energy to reflect the company’s focus on appraising the Barryroe oil and gas field off the Irish coast.

Larry Goodman eyes Providence success but Eamon Ryan is stalling

The Irish Times 01 Jul 2022
Larry Goodman has been stake-building in oil and gas explorer Providence Resources ... More recently, Goodman has set his sights on Providence Resources, the oil and gas explorer that traces it roots back to the 1981 foundation of Atlantic Resources by a group led by O’Reilly.

ProPetro Announces Second Quarter 2022 Earnings Call

Ellensburg Daily Record 01 Jul 2022
MIDLAND, Texas--(BUSINESS WIRE)--Jun 30, 2022-- ... About ProPetro ... is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources ... ENERGY OTHER ENERGY OIL/GAS.

Basin rig count unchanged as prices finish up

Odessa American 01 Jul 2022
The count shows that 595 rigs sought oil, up one from the previous week, and 153 explored for natural gas, down four from the previous week.

Govt slaps windfall tax on domestic crude, additional excise duty on fuel export | Mint

Live Mint 01 Jul 2022
This comes in the backdrop of a sharp rally in global crude oil prices with Indian upstream explorers including Oil and Natural Gas Corporation (ONGC), Reliance Industries Ltd (RIL), Oil India Ltd and Vedanta's Cairn Oil & Gas among others selling crude to domestic refineries at par with international prices.

Special additional excise duties on oil: ONGC, OIL, RIL earnings to see up to 30% ...

Financial Express 01 Jul 2022
On Friday, the shares of state run explorers, Oil and Natural Gas Corporation (ONGC) and Oil India tanked between 13 and 15% respectively on the Bombay Stock Exchange, while shares of Reliance Industries fell 7% from its previous close following the announcement.

Rs1,949.72 mln released for 13 petroleum sector projects in 2021-22

Urdu Point 01 Jul 2022
Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have been spent on petroleum projects to accelerate oil and gas exploration activities and achieve self-sufficiency in the energy sector, according to official data available with APP.

Stocks stage 243-point rally

Dawn 01 Jul 2022
KARACHI ... Sectors that contributed the highest number of points to the benchmark index included commercial banking (111.43 points), oil and gas exploration (58.81 points), power generation and distribution (26.94 points), technology and communication (24.86 points) and cement (23.18 points) ... Published in Dawn, July 1st, 2022. .

Church assures Marcos of support, prayers

The Manila Times 01 Jul 2022
He said rising prices of basic goods and successive oil price hikes will also be a challenge for the new government ... It plans to continue talks with the Philippine government on joint oil and gas exploration in the South China Sea (West Philippine Sea), a Foreign Ministry official said.

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