Industry Headlines News for South Asia


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Vietnam Court Sentences to Death PetroVietnam Ex-Chairman in Mass Trial
Friday, September 29, 2017 A court in Vietnam sentenced to death a former chairman of state-run PetroVietnam after finding him guilty in a mass trial of 51 officials and bankers accused of graft and mismanagement that led to losses of $69 million.

India Plans Larger Oil Auctions as Modi Pursues Import Cuts
Thursday, September 14, 2017 "We want to create a lot of E&P companies in India," said the head of the country's oil regulator.

India Wants $300 Billion in Oil Spending to Meet Growing Demand
Wednesday, July 12, 2017 India needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households, Oil Minister Dharmendra Pradhan said.

Sri Lanka's Oil Firm Workers Call Off Strike Over India Deal
Monday, April 24, 2017 Workers at Sri Lanka's state-run oil firm Ceylon Petroleum Corporation (CPC) calls off a strike.

Chevron to Sell Bangladesh Companies, Workforce Implications Unknown
Monday, April 24, 2017 Chevron Corporation's wholly-owned subsidiary, Chevron Global Ventures Ltd., enters into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh.

India Eases Rules For Old Oil, Gas Blocks; To Unlock $21B Reserves
Wednesday, March 22, 2017 India approves a policy allowing extra time to contractors of old blocks to unlock oil and gas reserves of more than 426 million barrels.

India's GAIL Signs 1st Time-Swap Deal For U.S. LNG With Gunvor
Friday, March 03, 2017 State-run gas company GAIL (India) Ltd signs a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG).

India ONGC's Overseas Arm Should Not Be Merged With Parent
Thursday, February 09, 2017 The overseas arm of India's ONGC should not be merged with its parent company, ONGC's chairman says.

India's Top Oil Producer Spends $1.2 Billion to Buy Gas Block
Tuesday, December 27, 2016 India's biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country's east coast.

What Will it Take for Operators to Invest in India?
Tuesday, November 01, 2016 Turlough Cooling, Head of Subsurface at io oil & gas consulting, takes a look at the opportunities and barriers of exploration in India.