Regional News: South Asia

 
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KS Energy's Unit to Supply Onshore Drilling Rig to Ocean Pakistan
Friday, May 22, 2015 KS Energy's subsidiary KS Drilling bags a contract to provide an onshore drilling rig to Ocean Pakistan.

Jura Abandons Ismail-1 Exploration Well in Pakistan's Guddu Block
Wednesday, May 20, 2015 Jura Energy fails to find hydrocarbons at the Ismail-1 exploration well in Pakistan's onshore Guddu Block.

MOL Group Makes Commercial Discovery in Pakistan
Tuesday, May 19, 2015 MOL Group announces a new commercial discovery at the MOL operated exploration well Mardan Khel-1 in Pakistan.

Oil Minister: India Looking to Acquire Oil Assets Abroad
Friday, May 15, 2015 India is looking to buy oil assets abroad, according to the nation's oil minister.

WHL Gets $4M Loan from Magna to Support Seychelles, La Bella Projects
Thursday, May 14, 2015 WHL Energy receives a $4 million loan facility from Magna Equities to support its Seychelles and Australia's La Bella projects.

Vedanta Resources Takes $4.5B Writedown as Oil Drags
Thursday, May 14, 2015 Vedanta Resources posts a full-year loss after a sharp drop in crude prices caused a $4.5-billion write down related to the firm's Indian oil and gas business.

Oil Crash Spurs Metal Tycoon to Write $3 Billion Off Cairn India
Thursday, April 30, 2015 Billionaire Anil Agarwal-controlled Sesa Sterlite, which runs India’s largest onshore oilfield, took a $3 billion writedown after crude’s crash eroded the goodwill value of Cairn India Ltd.

India's Cambay-73 Oil, Gas Field Production Facilities Operationally Ready
Wednesday, April 29, 2015 Oilex completes work on Cambay-73 oil and gas production facilities in Cambay field in Gujarat, India.

PetroChina First-Quarter Profit Dives 82%
Monday, April 27, 2015 PetroChina reports a sharper-than-expected fall in 1Q profit due to lower international crude prices and inventory writedowns at its refining division.