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Tag Archives: oil

Another 8 weeks needed to bring Baghjan gas well under control: OIL – india news

It could take another 6-8 weeks to bring the natural gas well in Assam’s Baghjan, which had a blowout on May 27 and caught fire weeks later, completely under control, Oil India Limited (OIL) stated on Tuesday. “We are in the process of bringing in a snubbing unit from Canada for the job. It will take them 3-4 weeks to ...

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LS burns midnight oil to clear pending bills – india news

It wasn’t a dark and stormy night , but it was an unprecedented one in the history of Indian Parliament. On the intervening night of Monday and Tuesday, the Lok Sabha worked till 12.24 am (Tuesday), clocking a new record of sitting beyond midnight for two consecutive nights after it did so on Sunday-Monday as well. And while the Lok ...

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Oil exploration in forests to become cheaper, easier – environment

Oil exploration in forests is set to become cheaper and easier as the Centre has simplified norms to allow mining companies to pay a fee for the land affected by each borehole and not for the total forest area leased out for exploration, according to minutes of the Union environment ministry’s Forest Advisory Committee (FAC) meeting published on its website. ...

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Oil: The interplay of pricing, supply, demand – analysis

The technical committee of the Organisation of Petroleum Exporting Countries (Opec)+ cartel met last month to reaffirm the whopping crude oil supply cuts in the global pipelines to rebalance oil markets in view of the huge demand destruction unleashed by Covid-19. However, it is not enough to just “manipulate” supply. Global oil demand has to be nudged up if oil ...

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OIL engineer working at Baghjan gas fire site dies; electrocution suspected – india news

An Oil India Limited engineer, working at the Baghjan natural gas well site which has been on fire since June 9, died on Wednesday. Officials suspect that he died due to electrocution. The deceased engineer was identified as Arnab Kishore Bordoloi, 25. “Bordoloi, who was working with some equipment at the well site, suddenly fell down and lost consciousness. He ...

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Oil steady after closing below $40 for first time since June – business news

Oil steadied after its biggest one-day loss in more than two months as growing doubts over the strength of the global demand recovery along with continued weakness in stocks soured market sentiment. Futures in London were little changed after dropping 5.3% on Tuesday to settle below $40 a barrel for the first time since June 15. Asia’s stalling demand recovery, ...

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Indian state refiners halt oil imports from Chinese companies: Report – india news

Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhi’s recent regulation aimed at restricting imports from countries that it shares a border with. The new regulation, put in place on July 23, comes after a border clash between India and China that killed 20 Indian soldiers and soured relations between the two ...

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Mauritius arrests Indian captain of Japanese ship that spilled oil – world news

Authorities in Mauritius have arrested the Indian captain of the Japanese ship that ran aground near Mauritius and spilled 1,000 tons of oil on the Indian Ocean island’s protected coastline. Sunil Kumar Nandeshwar, captain of the MV Wakashio and who is from India, was charged with “endangering safe navigation” and is in custody pending a bail hearing next week, Police ...

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