Representational image of the OPEC+ logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria | Photo Credit: Reuters Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a […]
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The move of the OPEC and its allies to cut oil production is a “mistake” and a “short-sighted” decision that has favoured the Russians and the U.S. is going to re-evaluate its ties with Saudi Arabia, the White House has said. Members of the Organisation of the Petroleum Exporting Countries (OPEC) and their Russia-led allies […]
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Out of the 26 blocks, 15 areas are in ultra-deepwater, eight in shallow sea, and three blocks are on land Out of the 26 blocks, 15 areas are in ultra-deepwater, eight in shallow sea, and three blocks are on land India is offering 26 blocks or areas for finding and producing oil and gas in […]
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Over the years, production has steadily declined; but the firm is now stepping up exploration to find more reserves Over the years, production has steadily declined; but the firm is now stepping up exploration to find more reserves ONGC said its crude oil production would rise 11% and natural gas output would jump 25% after […]
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