oil

No Picture

Granite Oil Corp provides update on drilling program

Granite has invested significantly in the gas injection Enhanced Oil Recovery (‘EOR’) scheme on its 100% owned and operated Bakken oil pool in 2016, taking advantage of low equipment costs and natural gas prices to…




No Picture

FG silent as stakeholders seek oil licensing round

As some industry stakeholders continue to look forward to another oil licensing round in the country, the Federal Government has yet to unveil any plans towards awarding licences. Over the past few years, operators and…




No Picture

New oil contracts from Iran soon

October is expected to be a busy month in Iran as the country prepares to invite international oil companies to submit bids under the long-awaited new contract model for energy investors. As one of the…


No Picture

HPCL in $8 billion drive to boost oil refining margins

India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can…


No Picture

What Iraqi’s Support For An OPEC Freeze Means For Oil

Iraq surprised the oil market this week by insisting that it would support an output freeze at the upcoming OPEC meeting in Algeria. The comments upend expectations about the outcome of the meeting, raising the…


No Picture

India eyes UAE investors in oil, gas

India expects to draw wider participation from investors and oil companies based in the UAE in the bidding process for 67 discovered small oil and gas fields, a senior official of the country’s Ministry of…