TotalEnergies denies knowing about alleged torture and killings at Mozambique Liquefied Natural Gas site
PARIS, September 26 - French oil giant TotalEnergies responded to a report in the media by saying that it was unaware of the torture and killings allegedly committed on site of the future Mozambique Liquefied Natural Gas plant. Politico reported earlier Thursday that Mozambican soldiers working out of this site, which has not been completed, had rounded up 180 to 250 local men and locked them inside shipping containers. They then tortured them and killed the majority of them from July through September 2021.
Fire at Oil India Well Extinguished after Nearly Six Months
State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely.""There is no pressure in the well now and the same will be observed for 24 hrs to check," Oil India said in a filing to exchanges on Monday.Oil India had suspended operations at the gas well in its Baghjan oilfield in the Tinsukia district in eastern Assam state on May 27 after an uncontrolled gas emission.
Oil India's Baghjan Well Catches Fire
An ongoing gas leak at state-run oil and gas explorer Oil India Ltd's Baghjan well in the eastern India state of Assam caught fire on Tuesday, the company said in a statement.Oil India suspended operations at the well in its Baghjan oilfield on May 27 after an uncontrolled gas emission, which has since been ongoing. The company said the fire at the well was being brought under control by experts. There were no casualties from the fire, it said.Oil India has sought help from Singapore-based Alert Disaster Control to contain the blowout.
India Offers Incentives to State-owned Oil and Gas Firms
Oil and Natural Gas Corp Ltd and Oil India Ltd will pay royalty and cess tax only to the extent of their equity holding in oil and gas blocks given to them before 1999, Indian Oil Minister Dharmendra Pradhan said on Wednesday after a cabinet meeting.The companies had to pay 100 percent royalty and cess tax from the blocks under the earlier production sharing contract, making it a big disincentive to invest in production growth of the blocks…
India to Auction 60 Small Discovered Oil, Gas Fields
India will auction 60 discovered small oil and gas fields with the potential to produce 194.65 million tonnes of oil and oil equivalent gas, the government said in a tweet after a cabinet meeting. Blocks that will be auctioned were originally controlled by Oil and Natural Gas Corp and Oil India Ltd. The fields have remained undeveloped for years due to their small size and the high cost of development. India, the world's third-biggest oil consumer…
India Looks at Creating Oil Giant to Take on Global Rivals
India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said on Wednesday, as the world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets. New Delhi is struggling to raise local oil production and imports about 80 percent of its oil. Prime Minister Narendra Modi in 2015 set a goal of cutting that to 67 percent by 2020. India is replacing China as…
India Gets Muted Response to Small Discovered Field Auction
India's first auction of small discovered fields drew a tepid response with local firms dominating the auction for operating assets estimated to hold 625 million barrels of oil and oil equivalent gas. India has received 134 bids from 42 companies, including five foreign bidders, for 34 contract areas, according to a government statement issued on Monday. No bids were received for 12 areas. India, the world's third biggest oil consumer, conducted foreign roadshows and eased rules to lure foreign investment and tap the nation's vast energy resources.
India's ONGC says Venezuela's PDVSA to Supply Oil
Venezuela's national oil company Petroleos de Venezuela has agreed to supply oil on a monthly basis to India to help settle dues which Venezuela owes to India's Oil and Natural Gas Corp. Ltd, ONGC Chairman D K Sarraf said on Thursday. He said the agreement with PDVSA would be signed shortly. ONGC Videsh Ltd, the overseas subsidiary of ONGC, invested $190 million in 2009-10 in the San Cristobal project in Venezuela. However, the company got only a small part of its dividend from the field which continued to increase production.
Indian Consortium to Pay $2.1 bln for Stake in Rosneft's Vankor
A consortium of Indian oil companies will pay just over $2 billion for a 23.9 percent stake in Russian oil producer Rosneft's Vankor oil field, Interfax news agency cited sources as saying on Friday. The deal, signed by Rosneft with Indian Oil Corporation , Bharat Petroleum Corporation's unit Bharat Petro Resources Ltd, and Oil India Ltd on Friday, is worth $2.1 billion, Interfax quoted one of the sources close to the deal as saying. A preliminary pact was signed by the companies in March but financial details were not disclosed.
India's ONGC Sees Higher Output This Year
India's Oil and Natural Gas Corp Ltd (ONGC) said on Friday it expects output to rise this financial year as it invests billions of dollars in ramping up production from its ageing fields. India's biggest exploration company is targeting 300 billion rupees ($4.5 billion) of capital expenditure in the year to March 2017, after spending a similar amount in its previous financial year, Chairman D.K. Sarraf said. The state-run company reported a 12 percent rise in fourth-quarter net profit to 44.16 billion rupees, beating estimates.
Indian Firms Plan to Sign Oil Deals with Rosneft
India plans to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates a push to secure overseas energy assets. India, the world's third biggest oil importer, has to ship in three quarters of its oil needs and a substantial fall in oil prices has added an extra incentive to seal purchases of assets that are now relatively cheap to limit its reliance on imports.
Contractor Selected for Mozambique LNG Development
Anadarko Petroleum Corporation (APC) on behalf of the co-venturers in Mozambique's Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique. "Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching…
India to Talk Sanctions, LNG Imports During Obama Visit
India will use an upcoming visit by Barack Obama to press the United States to remove Indian oil companies from a list naming firms doing business in Iran, and to seek priority access to U.S. LNG exports, sources in the Oil Ministry said. The U.S. president will arrive in New Delhi on Jan. 25 and hold discussions with Prime Minister Narendra Modi, who visited Washington in September. An official agenda has not been released. The U.S. Government…
Essar, Rosneft to Sign 10-Year Oil Deal
India's Essar Group will sign a long-term crude oil import deal with Russia's Rosneft during President Vladimir Putin's visit to New Delhi on Thursday, government and industry sources said on Wednesday. "Essar will sign an MoU (memorandum of understanding) with them (Rosneft)," two Indian government sources said. "The deal will be for 10 years," an industry source familiar with the matter said. Essar Group operates the 405,000 barrels per day (bpd) Vadinar refinery in the western state of Gujarat and also the 296…
Petrovietnam eyes Murphy Oil's Malaysian Assets
A successful bid would make it Vietnam's biggest corporate deal; Kuwait Petroleum Corp unit has bid close to $2 bln for the stake. Petrovietnam has bid for a stake in Murphy Oil Corp's Malaysian oil and gas assets, challenging other suitors including Mitsubishi Corp and Indian state oil companies, a person with direct knowledge of the plan said. The state oil company's bid comes as Vietnam, the third largest holder of crude oil reserves in Asia, seeks to reverse a steady decline in its oil output over the past decade. Murphy Oil and other U.S.
Oil India Bids for Murphy Oil's Malaysia Assets
ONGC to own 20 percent stake, Oil India 10 percent; Murphy invited bids for 30 pct stake in Malaysian assets. India's state-owned Oil & Natural Gas Corp and Oil India Ltd have submitted a joint bid worth about $1.5 billion to buy a stake in Murphy Oil Corp's Malaysian oil and gas assets, sources directly involved in the process said. Arkansas-based Murphy, which has interests in oil and gas fields in Malaysia, Vietnam, Indonesia, Brunei and Australia, has invited bids for a 30 percent stake in its Malaysian assets, Reuters previously reported.
Murphy Oil's Malaysia assets Draw Wide Interest
ONGC and Oil India may team up for joint bid; Kuwait Petroleum, Mitsui among others eying Murphy's assets. Thailand's PTT decides not to bid. Japan's biggest trading house Mitsubishi Corp has submitted a non-binding bid to buy Murphy Oil Corp's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter told Reuters. India's state-owned Oil & Natural Gas Corp and Oil India Ltd are among the other suitors preparing to submit bids for the Murphy assets, separate sources said.
