Oil and Natural Gas Corporation (ONGC) has struck gas at a deepwater exploration well in India's Mahanadi Offshore Basin, with the well flowing gas at encouraging rates and reservoir pressure.The MN-DW18-1-H-D well, about 43 km off Konark on the Odisha coast, was drilled to a total depth of 1,623 meters and encountered gas in an interval between 1,441 and 1,452 meters.
Thai’s state oil firm PTTEP and Valeura Energy have taken a final investment decision on the first phase of the Bussabong gas development in the Gulf of Thailand
Saudi oil giant Aramco plans to reorganise its business to create a new gas division with an eye on possible listings of business units in the future to raise cash
South Korea aims to reduce its reliance on crude oil from the Middle East to 50% by 2035, as Asia's fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the
Iran has restored about 50% of damaged production capacity at the South Pars gas field, Deputy Oil Minister Ahmad Zeraatkar was reported as saying on Wednesday by the semi-official Fars news agency
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume
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