Oil and Gas
ONGC allocates FEED contract for Bay of Bengal field
In the KG basin, with nine ultra-deepwater gas wells and planned capex of $3.2 billion,
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
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Environment
After the dismantling of the Gyda platform, Aker Solutions begins a recycling project
According to the company, approximately 98% of the platform is expected to be recycled and used for other energy or related projects.
Oil and Gas
Subsea7 awarded contract for interconnection of well in Gulf of Mexico
Drilling revealed an oil layer of approximately 260 feet in true gross vertical thickness, with 177 net feet distributed over two main targets.
Oil and Gas
Consortiums compete for Peruvian oil lot
Perupetro is the entity in charge of managing, negotiating and supervising hydrocarbon exploration and production contracts in Peru.
Oil and Gas
Egypt buys LNG to increase reserves and mitigate shortages this summer
The nation relies on gas to combat the extreme heat and is taking early steps to secure supply and avoid possible chronic outages.
Oil and Gas
Explosion Rocks Oil Platform in Campeche
An explosion on a Petróleos Mexicanos (PEMEX) platform in Campeche injured 9 people.
Oil and Gas
JBIC finances security of LNG supply to Japan
LNG remains crucial to Japan's energy security, especially during its transition to a net-zero emissions future by 2050.
Oil and Gas
API Updates Piping Inspection Standards for Enhanced Safety
API enhances piping inspection standards, reinforcing safety and operational reliability in industrial environments
Oil and Gas
Canada Ends LNG Project Financing Amid Climate Goals
Canada takes a firm stance against financing LNG projects, in line with the government's commitment to mitigate greenhouse gas emissions.
Oil and Gas
Chennai refinery expansion increases Indian Oil Corporation’s operating costs
IOC's nine refineries processed a total of 1.46 million barrels of crude oil per day, registering a 1% increase compared to 2023.
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