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ONGC Announces Western Onshore Basin Oil Drilling Results
Sunday, August 29th, 2010ONGC or Oil and Natural Gas Corporation has announced the results of oil drilling in Western Onshore Basin. This oil company has obtained permission to drill from the NELP. A press release from the company said the exploratory well, Vadatal-1 in block CB-ONN-2004/2, drilled to a depth of 1784 metres, was found to be oil [...]
Heritage Oil Completes Disposal Of Uganda
Wednesday, July 28th, 2010Heritage Oil plc Upstream exploration and production company Heritage Oil plc (HOIL.L: News ,HOC.TO: News ) Tuesday said that Heritage Oil & Gas Ltd. has completed the disposal of its entire interests in Block 1 and Block 3A in Uganda. The company also plans to pay a special dividend of up to 100 pence per [...]
Oil analysist: Oil spill casts doubts on deep water exploration
Monday, June 14th, 2010Analysts Oil: the disaster caused by the Gulf of Mexico oil spill has cast doubts over the future of deep water exploration and is likely to have the long-term effect of raising oil prices, analysts say. British oil giant BP has struggled to stem the crude gushing from a ruptured underwater pipe after the Deepwater [...]
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