Regional News: South Asia

 
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ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.

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.