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The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
2014 - Started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh. [6] 2015 - E-auction of coal mine blocks [7] and regassified LNG. [8] 2016 - Developed e-bidding platform under DDUGJY & IPDS, DEEP and allocation of marginal oil field. [9] 2017 - Developed ERAKAM portal to provide e-auction platform to sell agriculture produce ...
Petroleum licensing or exploration license is the act of giving licenses (geographical areas at land or sea) to a company or a joint venture allowing them to search for commercially feasible deposits for the extraction of petroleum.
WASHINGTON, Jan 15 (Reuters) - Chris Wright, President-elect Donald Trump's pick to head the U.S. Energy Department, told U.S. senators in his confirmation hearing on Wednesday his first priority ...
The sale is a sign of the times for livestock auctions and America’s cattle market, a volatile industry squeezed in recent years by drought, higher production costs and the lowest number of ...
Rosebank is the biggest undeveloped oil field in the North Sea, and could extract a projected 500 million barrels of oil equivalent over its lifetime. That makes it almost triple the size of the controversial nearby Cambo oil field, which drew widespread protests and opposition in 2021 and was eventually paused.
The Yasuní-ITT Initiative was a project that attempted to keep over a billion barrels of oil in the ground under the Yasuni National Park in the Ecuadorian Amazon.The initiative was launched in 2007 by Ecuadorian president Rafael Correa and offered a perpetual suspension of oil extraction from the Ishpingo-Tambococha-Tiputini oil field (ITT) in return for $3.6 billion from the international ...
The state lease auctions for up to the three mile limit are still held infrequently. From 1960 to 2000, sulfur was mined by the Frasch process from the caprock of a salt dome at the Main Pass 299 mine, offshore Louisiana. [34] A total of 34 million short tons of sulfur were recovered before the mine was closed; salt was also recovered. [35]