Oil Wells News

Industry

$100 billion clean-up bill awaits Asia’s old offshore oil wells

The tens of thousands of oil and gas wells sprinkled across offshore Asia-Pacific left over from the drilling boom of the 1970s and 1980s will soon need to be decommissioned

2 min read1 Feb 2018
Industry

Essar Oilfields bags Rs32 crore drilling order from ONGC

Essar Oilfields Services India has won a Rs32 crore drilling contract from ONGC to bore 30 wells at a coal bed methane block in Bokaro, Jharkhand

1 min read24 Jan 2018
News

Mafia-like Islamic State taxes and extorts like a drug cartel

The group has seized an estimated $675 million from banks, $145 million in oil sales and ransom payments and tens of millions more from looting and extortion

5 min read10 Jun 2015
Industry

Oil India unable to revive production in Assam to earlier levels

Oil India has admitted 'it becomes difficult to revive the wells at a normal level of production after the wells are shut down due to strikes

3 min read14 Jul 2014
Politics

Flamboyant Gadhafi no stranger to bloodshed

Flamboyant Gadhafi no stranger to bloodshed

5 min read20 Oct 2011
Companies

RIL’s crude oil output drops 31%

RIL’s crude oil output drops 31%

2 min read4 Oct 2010

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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