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
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
QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027
A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday
Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.
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