Regional News: South Asia

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India-Led Joint Expedition Finds Large Gas Hydrate Deposit in Bay of Bengal
Tuesday, July 26, 2016 India, with support from U.S. Geological Survey and Japanese government agencies and companies, discovers large amounts of natural gas hydrate in the Bay of Bengal.

Rajeev Kumar Sinha Discusses India's Return to International Exploration
Friday, July 22, 2016 Directorate General of Hydrocarbons' CTO Rajeev Kumar Sinha discusses India's ongoing offer of 67 small oil and gas fields under new terms.

Bangladesh Signs Deals with Excelerate Energy to Build Country's First FSRU
Tuesday, July 19, 2016 Bangladesh signs deals with Excelerate Energy to build the country's first floating storage regasification unit (FSRU).

Iraq Undercuts Saudi Arabia In Q2 To Grab Top Spot In India Oil Market
Tuesday, July 19, 2016 Iraq overtakes Saudi Arabia for the first time to become India's top oil supplier in the June quarter, helped by sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No.3 oil consumer.

Reliance's Upstream Revenue in 1Q FY17 Declines 34.8% YOY to $200M
Monday, July 18, 2016 Reliance's upstream oil and gas business posts a revenue of $200 million in the first quarter of financial year 2017, down 34.8 percent from $240 million from a year ago.


ONGC Boosts Operations Off India Via New, Expanded Deals Worth $60M
Monday, July 18, 2016 Oil and Natural Gas Corp. (ONGC) expands scope of operational activities offshore India through new and expanded contracts, worth around $60 million, with two services providers.

PPL Finds Hydrocarbons at Hadi X-1A Well in Pakistan's Gambat South Block
Monday, July 18, 2016 Pakistan Petroleum Ltd. discovers hydrocarbons at Hadi X-1A exploration well in the Gambat South Block in Sanghar district in Sindh, Pakistan.

India's Reliance 1Q Net Profit Up 18%, Beats Estimates
Friday, July 15, 2016 India's oil-to-telecoms conglomerate Reliance Industries reports a better-than-expected 18-percent increase in first quarter profit.

As Long As Indian Oil Demand Is Driven By Mopeds, It Won't Be The New China
Wednesday, July 13, 2016 Sanjay Kumar is beaming with joy. The 23-year-old has just bought a used motor scooter, his first, for $445, after years of saving together with his mother.

India's ONGC May Relax Eligibility Criteria for Hiring Rigs
Wednesday, July 13, 2016 India's Oil and Natural Gas Corp. (ONGC) may relax the eligibility criteria for hiring drilling rigs, according to a local media.

MOL Finds Condensate, Gas at Makori East-05 Well in Pakistan's TAL Block
Tuesday, July 12, 2016 MOL encounters condensate and gas at the Makori East-05 development well in the TAL Block in Pakistan.

PGPC, PTPL Ink Deal for Pakistan's Second LNG Import Terminal
Thursday, July 07, 2016 Pakistan GasPort Consortium Ltd. inks agreement with Pakistan LNG Terminals Ltd. to build Pakistan's second liquefied natural gas import terminal in the country.

Reliance Gets Approval to Drill 8 Exploration Wells Off India's Tamil Nadu
Tuesday, July 05, 2016 Reliance Industries receives approval to drill 8 exploration wells in Block DY-III-D5 offshore Tamil Nadu, India.

Bapex Partners Santos in First Offshore Venture in Bangladesh's Block 16
Friday, July 01, 2016 Bangladesh Petroleum Exploration and Production Co. partners Australia's Santos for its first venture into offshore oil and gas exploration in the South Asian country.

Nomura's Kwan Sees Big Data Among Game Changers in Oil, Gas Industry
Tuesday, June 28, 2016 Nomura's senior analyst Gordon Kwan sees big data and internet of things (IoT) as potential game changes in the oil and gas business.

Fire at Mississippi gas plant halts US Gulf Coast platforms
Tuesday, June 28, 2016 At least two offshore oil platforms halt operations in the US Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies say.

Aban Offshore Bags $87M Contract to Provide Aban Abraham Drillship to ONGC
Tuesday, June 28, 2016 Aban Offshore bags a deal from India's Oil and Natural Gas Corp. Ltd. to provide the Aban Abraham drillship under a two year $87 million contract.

Modi's $27B Oil Quest Gives Services Firms A Lifeline
Tuesday, June 28, 2016 India is offering global oilfield service providers starved of new contracts a $27 billion lifeline as the government's ambition to cut fuel imports drives fresh investment.

Pressure Mounts on G20 for Fossil Fuel Subsidies Deadline
Tuesday, June 28, 2016 Energy ministers from the Group of 20 major economies meeting in Beijing this week come under a three-pronged attack over their failure to agree a deadline for the phasing out of subsidies on fossil fuels.

Oilex Progressing Work Plan to Unlock Gas Resources in India's Cambay Block
Monday, June 27, 2016 Australia's Oilex is completing a detailed working plan to unlock the potential gas resource in the onshore Cambay Block in Gujarat, India.