E-PaperShale Gas News
A second wave of the virus is threatening US oil demand again
Demand has been flatlining over the past few days at fuel stations across the US with concern over the surge in virus cases making it hard to predict what’s to come
5 min read27 Jun 2020Talks to cut the world’s oil production drag on for a third day
An unprecedented reduction of about 10% in worldwide crude output was still being negotiated in bilateral talksOPEC+ has made a commitment to cut a record 10 million barrels a day, ‘conditional on the consent of Mexico’
5 min read12 Apr 2020After a 2-year break, RIL resumes drilling in Chevron shale joint venture
RIL said 6 new wells were also put on production, which is the first set of wells to be turned-in-line after a two-year hiatusDuring the second quarter of calendar year 2019, RIL saw revenue from its shale oil and gas operations drop 41.4% to ₹343 crore against ₹585 crore 2018 Q2
2 min read19 Oct 2019Essar Oil & Gas gets green nod for shale exploration in Raniganj block
Essar Oil & Gas has been awarded an exploration lease for shale gas, CBM and hydrocarbons in the Raniganj block in BengalTo start with, Essar Oil & Gas will drill five wells in the Raniganj block to test the shale potential
1 min read4 Mar 2019Oil prices gain most in 7 weeks, shrugging off US inventory gain
WTI crude for January delivery rises $1.20 to $54.63, Brent crude for January settlement climbs 1.5% to $63.48 a barrel
1 min read22 Nov 2018Opec moves closer to oil cuts as bear market adds urgency
Saudi Arabia will export 500,000 fewer barrels a day in December than in November, taking the lead in Opec to counter the oil price rout
4 min read12 Nov 2018Reliance Group set to begin test production from CBM block
Anil Dhirubhai Ambani Group was awarded four coal-bed methane (CBM) blocks in 2006, of which the company relinquished three due to bad prospects
2 min read2 Oct 2018Essar to invest ₹ 7,000 crore to explore shale gas in Raniganj
Essar Oil and Gas Exploration and Production aims to recover about 1.6 trillion cubic feet of shale gas from the field, says CEO Vilas Tawde
2 min read9 Aug 2018India, China discuss ‘oil buyers club’, to seek US crude oil to cut dominance of OPEC
India wants to form an oil buyers club with China, Japan and South Korea to negotiate better terms with OPEC members and seek more US crude oil to Asia
3 min read13 Jun 2018India-US move ahead on strategic energy partnership
US may collaborate with India on its crude oil reserve programme as part of a strategic energy partnership
3 min read18 Apr 2018Popular Topics
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