Bharat Petroleum Company News
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Refiners Fight Virus with Drones
Sunday, August 16, 2020India's energy companies are coming up with novel solutions to keep the virus at bay and their operations running.
Investors Eye $6.5B India Refiner Privatization
Friday, July 31, 2020The planned $6.5 billion sale of the Indian government's stake in Bharat Petroleum has lured several global oil majors.
$16B LNG Funding Deal Bucks Slowdown
Thursday, July 16, 2020Total SA's Mozambique LNG project has completed as much as $16 billion in funding.
India Petchems Project Goes to Fluor
Wednesday, January 29, 2020BPCL has awarded Fluor a project management consultancy services contract.
India Considers Selling Refining Stake to Overseas Oil Firm
Friday, September 13, 2019India is considering a plan to sell the nation's second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp.
How Venezuela's Last Oil Buyers May React to Sanctions
Tuesday, January 29, 2019After the US slapped sanctions on PDVSA, the market has focused on how the remaining buyers of the South American country's heavy, low-quality crude will react.
India Said to Nix Iranian Oil Imports
Tuesday, September 25, 2018India is not planning to buy any crude oil from Iran in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit.
India's BPCL Seeks LNG Cargoes For July 2018-March 2019
Wednesday, April 25, 2018Bharat Petroleum has issued a tender seeking four LNG cargoes.
India's Bharat Petroleum Plans $3B Petchem Plant Near Mumbai
Wednesday, March 28, 2018BPCL plans to build a $3 billion petrochemical unit to serve the Mumbai region, a company official says.
India's BPCL 3Q Profit Slips 6%
Friday, February 09, 2018Bharat Petroleum posts a near 6% fall in third-quarter profit.
Top Oil Market Summons Poseidon to US-Mideast Crude Fight
Tuesday, July 18, 2017Poseidon is the latest grade similar in quality to Middle East supply to lure a buyer in the world's biggest oil consuming region.
Petronet Eyes 2019 Rescue for Nearly Idle $700 Million LNG Plant
Tuesday, July 18, 2017The only LNG terminal in southern India reportedly is operating at about 10 percent of its 5 million-ton-a-year capacity.
India BPCL Makes Its First US Oil Purchase, Buys Mars, Poseidon
Monday, July 17, 2017India's Bharat Petroleum Corp has made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon in a tender, its head of refineries said.
Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed
Tuesday, July 05, 2016Petrobras' plans to sell 'junk' oil fields off the coast of Brazil's Sergipe and Ceara states will do little to boost the economic prospects of the regions, hampered by company cutbacks and delays at larger discoveries nearby, sources say.
India's Oil Addiction to Vault Nation Into Top 3 Global Guzzlers
Thursday, June 04, 2015India’s growing middle class will soon make it the third-biggest oil consumer, reshaping the global energy map as China uses less and the U.S. produces more.
Norwest to Conduct Seismic Survey at Arrowsmith in Perth Basin
Thursday, March 05, 2015Norwest Energy gains approval to proceed with seismic survey at Arrowsmith in exploration permit EP 413 in the Perth Basin, Western Australia.
Petrobras and Indian Partners Find More Oil in Brazil
Friday, January 09, 2015Petrobras and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil's Northeast coast.
Norwest Identifies Dominant Gas Production Zones at Arrowsmith-2 Well
Friday, April 11, 2014Norwest identifies dominant zones for gas production at Arrowsmith-2 well in permit EP 413 in the onshore Perth Basin, Western Australia.
CEO: Petrobras, IBV Brasil Offshore Oil Find 'Beautiful'
Monday, September 30, 2013Petrobras and its Indian partners have made a "beautiful" oil discovery off Brazil's northeast coast and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's chief executive says.
Petrobras CEO Sees 100,000 bpd from Sergipe Area by 2018
Friday, September 27, 2013Brazil's state-run oil company Petrobras will produce 100,000 barrels a day from its offshore Sergipe prospects by 2018, Chief Executive Maria das Graças Foster said about one of the company's most promising new discoveries.
India Cbank Opens Forex Swap Window for State Oil Retailers
Wednesday, August 28, 2013The Reserve Bank of India has decided to open a forex swap window to meet the daily dollar requirements of three state-run oil marketing companies.
Oilex Sidetracks Timor Sea Well
Monday, January 04, 2010Oilex Ltd advised Monday that delays have been experienced with running of 9" casing above the primary objective Elang/Plover Formation sandstones in the Lolotoe-1 well.
Songa Mercur Gears Up for Timor Sea Drilling
Wednesday, November 11, 2009Oilex advised that on November 11, 2009, Woodside released the Songa Mercur drilling rig to Oilex and the vessel is now under tow from Dampier to the first well location in Oilex's Timor Sea contract area JPDA 06-103.
Pan Pacific Petroleum Reports on Timor Sea, Vietnam Farm-Ins
Tuesday, October 13, 2009Pan Pacific Petroleum has agreed to acquire a 15% interest in the JPDA 06-103 Production Sharing Contract, and all JV parties have now waived their pre-emptive rights in relation to the respective farm-outs.
Pan Pacific Petroleum Snaps Up Stake in Timor Sea Block
Wednesday, September 30, 2009A wholly owned subsidiary of Pan Pacific Petroleum has agreed to acquire a 15% Participating Interest in the JPDA 06-103 Production Sharing Contract, the area of which is located in the Timor Sea.
Oilex: Conditions for Timor Sea Block Farm-Out Satisfied
Friday, August 28, 2009Oilex has advised that all conditions precedent for the previously announced agreement to farm-out part of its interest in the offshore block JPDA 06-103 in the Timor Sea to Japan Energy E&P have now been satisfied.
Oilex Drills Extra 200 Meters of Horizontal Oil Pay at Oman's Sarha-2
Monday, October 13, 2008The Sarha-2 well in Block 56, Oman, has completed drilling a horizontal well in the Sarha Field to a measured depth of 2,138 meters, giving an horizontal intersection of approximately 700 meters in the Al Khlata reservoir.
Multiple Oil Finds Continue String of Success in Brazil
Wednesday, October 01, 2008A series of oil finds reported to Brazil's National Petroleum Agency on Tuesday demonstrated once again the immense promise the country holds for global oil companies.
Oilex Resumes Drilling Ops in Oman, Continues Development in India
Tuesday, September 09, 2008Oilex issued an operational update for its Sarha-2, Cambay-19Z and Cambay-73 wells. The Company reported that drilling operations have resumed in Oman and drilling and testing continues in India
Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Tuesday, August 12, 2008Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.
India's GAIL, BPCL Ink New MoU Agreement
Thursday, July 24, 2008GAIL and BPCL, two Indian firms, are moving to solidify previous tentative agreements between the two companies to better take advantage of mutually beneficial projects. These include city gas projects and further E&P work.
Oilex Launches Seismic Survey in Highly Rated JPDA 06-103 Block
Thursday, June 05, 2008Oilex has begun 3D seismic operations in block JPDA 06-103 in the Timor Sea area. The block has an expected potential of up to 300 million barrels, and the recent discovery in an adjacent block buoys hopes for oil production.
EnCore Reaches TD on Cobra Appraisal Well
Monday, May 12, 2008Analysis of wireline log data suggests that the Rotliegendes Sandstone reservoir is gas-bearing as expected.
Oilex's India, Oman Operations on Schedule
Tuesday, April 29, 2008Oilex advises that the Cambay-23Z well has been completed as a potential gas production well.
Oilex Awards Wavefield Inseis Seismic Work
Wednesday, January 30, 2008Oilex and its joint venture partners in the JPDA 06-103 block recently awarded 3D seismic work to Wavefield Inseis. Located in the Flamingo Basin between East Timor and Australia, the area to be surveyed spans 1,657 square kilometers.
Oilex Discovers Oil Shows with Oman Drilling
Tuesday, January 22, 2008Drilling on the Sarha-1 exploration well has reached TD of 1,890 meters in the Cambrian Huqf Formation. Oil shows and anomalous resistivity values were recorded within the Huqf carbonate sequence below 1,645 meters and will be further evaluated.
Oilex Hits Oil and Gas at Sarha-1 in Oman
Tuesday, January 15, 2008The Sarha-1 exploration well, the first of three exploration wells that will be drilled by Oilex in a continuous sequence in the Block 56 Production Sharing Contract Area, Sultanate of Oman is drilling ahead in 81/2" hole below 1,673 meters.
EnCore to Begin Appraisal Drilling on UK North Sea Blocks
Monday, December 17, 2007EnCore Oil reports that the ENSCO 80 drilling rig has been contracted for the appraisal drilling of the Cobra discovery on UK North Sea block 48/2c.
EnCana to Sell Brazilian Concessions for $165 Million
Thursday, September 13, 2007EnCana has reached an agreement to sell all of its remaining interests in Brazil for cash proceeds of approximately US$165 million, before closing adjustments.
India's State-Run Oil Co Execs to Strike from Tuesday
Monday, August 20, 2007Executives of some Indian state-run oil companies will go on an indefinite strike from Tuesday for higher wages among other things, officials of the executives' union said Monday.
Videocon Creates Subsidiary for Timor-Leste PSC
Tuesday, August 14, 2007Videocan Industries has incorporated an SPV, Global Energy Inc., which is a wholly owned subsidiary of the Company, to explore for, develop and exploit Petroleum Block JPDA 06-103 and the export and marketing of that Petroleum and all activities.
EnCore Farms Out Interest in Blocks 48/1b & 48/2c to New UKCS Entrants
Tuesday, March 13, 2007EnCore Oil has farmed-out a 25% stake in Southern North Sea Blocks 48/1b and 48/2c to both Bharat Petroleum and Tata Petrodyne. EnCore will retain operatorship.
Bharat Joins Norwest, Partners in Timor Sea Block
Thursday, February 08, 2007Bharat Petroleum Corporation Limited (BPCL) has signed a Farm-in Agreement with Norwest Energy NL and other joint-venture parties in AC/P32 in the Timor Sea.
Bharat Petroleum to Take Stake in Timor Sea License
Monday, February 05, 2007Bharat Petroleum has signed a farm-in agreement for acquiring participating interest in the Australian block AC/P32 in the Timor Sea area.
Videocon Unit Inks Deal for Timor Sea PSA
Friday, November 17, 2006Videocon Industries has entered into a Production Sharing Contract with Timor Sea Designated Authority for JPDA Block # 06-103 within the Bonaparte Basin.
Australia Issues New Offshore Exploration Permits
Monday, September 18, 2006Australian Resources Minister, Ian Macfarlane, announced the award of 12 offshore petroleum exploration permits adding more than $270 million of investment to Australia's offshore exploration industry.
Oilex Consortium Wins Carnarvon Basin Permit
Friday, August 18, 2006Oilex NL said that it has accepted the offer made by the Commonwealth-Western Australia Offshore Petroleum Joint Authority for the award of permit W05-11 located in the offshore Carnarvon Basin.
Oilex Consortium Wins Block 103 in JPDA
Thursday, August 17, 2006Oilex NL reported that the Timor Sea Designated Authority has announced the award of Block 103 located in the northern part of the Joint Petroleum Development Area to a group of 4 companies led by Oilex.
Oilex Consortium Signs Deal for Block 56 in Oman
Thursday, June 29, 2006An Oilex-led consortium has signed an exploration and production sharing agreement for Block 56 in Oman. Block 56 was the consortium's first choice block and the highest rated of the blocks on offer in the bid round that closed on January 1, 2006.
Oilex Expects to Start Drilling on Block 56 in Early 2007
Wednesday, April 12, 2006Oilex said it expects drilling to commence on block 56 in Oman during the first half of 2007.