Regional News: South Asia

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OGDCL Discovers Gas at Khamiso-1 Prospect in Guddu Block in Pakistan
Friday, July 29, 2016 Oil and Gas Development Co. Ltd. makes a gas discovery at Khamiso-1 exploration well in the Guddu Block in Pakistan.

Drop In The Ocean: India's Strategic Oil Reserves Unlikely To Stir Market
Friday, July 29, 2016 India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.

Excelerate Confirms Deal to Build Bangladesh's First LNG Import Terminal
Wednesday, July 27, 2016 Excelerate Energy confirms agreement to develop Bangladesh's first liquefied natural gas (LNG) import terminal.

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.

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.

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.

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.