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Shale gas News

Oil and Natural Gas Corporation

27 Jun 2017

ONGC gets green nod for exploratory drilling in KG basin

The current production of oil and gas is 750-800 tonnes per day and 2.5-3 million cubic metres of gas, respectively, from various facilities in this area.

14 Oct 2016

Oil climbs above $52 per barrel on support from US fuel stocks

Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.

Reliance Industries Limited

19 Jan 2016

RIL to further scale down capex for shale gas business in US

Reliance Industries (RIL), which Tuesday reported its best-ever quarterly net income at Rs 7,290 crore on better refining margins, said it will continue to scale down capital expenditure (capex) for its struggling shale gas business in the US.

Oil exploration

08 Jan 2016

Govt waives off customs duty on goods for idle fields of ONGC, OIL

The government has waived off customs duty on import of goods for producing oil and gas from 69 idle fields of state-owned ONGC and Oil India Ltd that will be auctioned this year.

15 Jul 2015

BHP Billiton takes $2.8 bn pre-tax writedown as oil price tumbles

Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax writedown on its onshore assets in the United States as plunging oil prices hit shale gas.

10 Jul 2015

RIL closes shale gas assets sale deal

Oil refiner-to-retail major Reliance Industries on Friday announced the closing of the recently announced sale of its shale gas assets in EFS Midstream to an affiliate of Enterprise Products Partners.

11 Jan 2015

Algeria looks to invest $70 bn in shale gas over 20 years

Algeria`s state-owned energy giant Sonatrach plans to invest at least $70 billion over the next 20 years to exploit shale gas in the southern desert, its managing director said on Sunday.

20 Nov 2014

Ineos in $1 bn bid to become UK's biggest fracking firm

Swiss-based petrochemical firm Ineos launched plans Thursday to become the biggest player in Britain`s fracking sector with a $1.0-billion investment in the nation`s shale gas industry.

28 Oct 2014

BHP Billiton to sell US shale gas assets

Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar writedown.

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