Videocon Industries Company News

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Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed
Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby, sources say.
8:00 PM EST | July 04, 2016
Petrobras' Indian Partners Fight Delay In Troubled Brazil Oil Project
Petrobras warns its Indian partners in a huge offshore project to not expect oil from the site until 2022, according to sources.
8:00 PM EST | July 03, 2016
India's Videocon Considers Divesting Upstream Assets to Repay Debts
India's Videocon Industries explores option of divesting its upstream assets to repay debts amid recent gains in global oil prices.
8:00 PM EST | June 12, 2016
Timor-Leste Issues Termination Notice for PSC JPDA 06-103
Timor-Leste's Autoridade Nacional do Petroleo issues a notice of termination to Oilex for PSC JPDA 06-103, located in the Timor Sea, which is effective immediately.
8:00 PM EST | July 15, 2015
Petrobras and Indian Partners Find More Oil in Brazil
Petrobras and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil's Northeast coast.
7:00 PM EST | January 08, 2015
CEO: Petrobras, IBV Brasil Offshore Oil Find 'Beautiful'
Petrobras and its Indian partners have made a "beautiful" oil discovery off Brazil's northeast coast and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's chief executive says.
8:00 PM EST | September 29, 2013
Petrobras CEO Sees 100,000 bpd from Sergipe Area by 2018
Brazil's state-run oil company Petrobras will produce 100,000 barrels a day from its offshore Sergipe prospects by 2018, Chief Executive Maria das Graças Foster said about one of the company's most promising new discoveries.
8:00 PM EST | September 26, 2013
Oilex Sidetracks Timor Sea Well
Oilex Ltd advised Monday that delays have been experienced with running of 9" casing above the primary objective Elang/Plover Formation sandstones in the Lolotoe-1 well.
7:00 PM EST | January 03, 2010
Anadarko Extends Pre-Salt Wahoo Discovery
The Wahoo North appraisal well in the Campos Basin has encountered more than 90 feet of high-quality net oil pay in the same pre-salt interval as the original Wahoo discovery.
7:00 PM EST | November 22, 2009
Oilex Prepares Al Jumd Testing Program in Block 56
Oilex has advised that preparations for the Al Jumd-1 testing program are being finalized and operations are planned to commence on February 26, with the initial flow period planned to be completed around March 6-8.
7:00 PM EST | February 24, 2009
Oilex Completes Drilling in Oman's Block 56 with Encouraging Results
Oilex's 4-well drilling program in Oman's Block 56 has been successfully completed with encouraging results from 3 wells, which have confirmed the oil potential of the Eastern Flank Salt Basin in the block.
7:00 PM EST | January 13, 2009
Oilex Drills Extra 200 Meters of Horizontal Oil Pay at Oman's Sarha-2
The Sarha-2 well in Block 56, Oman, has completed drilling a horizontal well in the Sarha Field to a measured depth of 2,138 meters, giving an horizontal intersection of approximately 700 meters in the Al Khlata reservoir.
8:00 PM EST | October 12, 2008
Multiple Oil Finds Continue String of Success in Brazil
A series of oil finds reported to Brazil's National Petroleum Agency on Tuesday demonstrated once again the immense promise the country holds for global oil companies.
8:00 PM EST | September 30, 2008
Anadarko Makes Pre-Salt Discovery at Wahoo Prospect Offshore Brazil
Anadarko Petroleum Corporation has announced a pre-salt discovery at the Wahoo prospect offshore Brazil in the Campos Basin.
8:00 PM EST | September 29, 2008
Oilex Continues Drilling, Testing at Sarha, Cambay Wells
Oilex has advised that drilling and testing operations continue in India and Oman, and has issued an update with information concerning its Sarha and Cambay wells.
8:00 PM EST | September 22, 2008
Oilex Resumes Drilling Ops in Oman, Continues Development in India
Oilex issued an operational update for its Sarha-2, Cambay-19Z and Cambay-73 wells. The Company reported that drilling operations have resumed in Oman and drilling and testing continues in India
8:00 PM EST | September 08, 2008
Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.
8:00 PM EST | August 11, 2008
Oilex's India, Oman Operations on Schedule
Oilex advises that the Cambay-23Z well has been completed as a potential gas production well.
8:00 PM EST | April 28, 2008
Oilex Awards Wavefield Inseis Seismic Work
Oilex and its joint venture partners in the JPDA 06-103 block recently awarded 3D seismic work to Wavefield Inseis. Located in the Flamingo Basin between East Timor and Australia, the area to be surveyed spans 1,657 square kilometers.
7:00 PM EST | January 29, 2008
Oilex Discovers Oil Shows with Oman Drilling
Drilling on the Sarha-1 exploration well has reached TD of 1,890 meters in the Cambrian Huqf Formation. Oil shows and anomalous resistivity values were recorded within the Huqf carbonate sequence below 1,645 meters and will be further evaluated.
7:00 PM EST | January 21, 2008
Oilex Hits Oil and Gas at Sarha-1 in Oman
The Sarha-1 exploration well, the first of three exploration wells that will be drilled by Oilex in a continuous sequence in the Block 56 Production Sharing Contract Area, Sultanate of Oman is drilling ahead in 81/2" hole below 1,673 meters.
7:00 PM EST | January 14, 2008
EnCana to Sell Brazilian Concessions for $165 Million
EnCana has reached an agreement to sell all of its remaining interests in Brazil for cash proceeds of approximately US$165 million, before closing adjustments.
8:00 PM EST | September 12, 2007
Cairn Wins More Indian Acreage in NELP-VI
Cairn India has secured an interest in two new exploration blocks in India - PR-OSN-2004/1 and KK-DWN-2004/1.
7:00 PM EST | February 08, 2007
Videocon Unit Inks Deal for Timor Sea PSA
Videocon Industries has entered into a Production Sharing Contract with Timor Sea Designated Authority for JPDA Block # 06-103 within the Bonaparte Basin.
7:00 PM EST | November 16, 2006
Oilex Consortium Wins Carnarvon Basin Permit
Oilex NL said that it has accepted the offer made by the Commonwealth-Western Australia Offshore Petroleum Joint Authority for the award of permit W05-11 located in the offshore Carnarvon Basin.
8:00 PM EST | August 17, 2006
Oilex Consortium Wins Block 103 in JPDA
Oilex NL reported that the Timor Sea Designated Authority has announced the award of Block 103 located in the northern part of the Joint Petroleum Development Area to a group of 4 companies led by Oilex.
8:00 PM EST | August 16, 2006
Seismic Survey Concludes in Offshore Otway
Great Artesian Oil and Gas Limited said that Oilex N.L., operator of the EPP 27 Joint Venture in the Otway Basin offshore Australia, has completed acquisition of a marine seismic survey totaling approximately 1325 km of 2D seismic data.
8:00 PM EST | July 24, 2006
Seismic Survey Completed in Otway Basin
Bruce McCarthy, managing director of Oilex NL, said that a 2D seismic survey conducted by M.V. Pacific Titan in the Otway Basin permit EPP 27 offshore Australia has been completed.
8:00 PM EST | July 20, 2006
Oilex Consortium Signs Deal for Block 56 in Oman
An Oilex-led consortium has signed an exploration and production sharing agreement for Block 56 in Oman. Block 56 was the consortium's first choice block and the highest rated of the blocks on offer in the bid round that closed on January 1, 2006.
8:00 PM EST | June 28, 2006
Great Artesian Finalizes Farmin for EPP 27 Offshore Australia
Great Artesian Oil and Gas has finalized its farmin agreement for EPP 27, Offshore Otway Basin, involving Oilex.
7:00 PM EST | February 28, 2006
Videocon to Develop Oil Fields in Jordan
Videocon Industries is set to sign a preliminary agreement for developing four oil fields in Jordan as part of its plans to invest in oil assets overseas.
8:00 PM EST | June 21, 2005