Petrol price rises in India yet again
With petrol prices up nearly 9% and diesel rates poised to rise, state-run Indian oil Corporation is preparing plans to revitalise its upstream business and hive it off into a subsidiary, as India’s biggest refiner and fuel retailer turns to its growth strategy after struggling with low fuel state-set fuel prices for months.
Following the Defence Ministry objections over explorations in the oil and gas blocks in Krishna-Goadavari basin, as some of them lie between two proposed defence establishments, uncertainty is looming large on the further offering of blocks in the basin. Spread over 50,000 sq kms in the east coast of India, the KG-Basin is estimated to have gas reserves up to 14 trillion cubic feet.
Repsol oil
Spain’s biggest oil company, said first-quarter profit rose 29 percent, beating analyst estimates, after crude prices climbed and earnings increased at its liquefied natural gas unit.
When oil and gas companies developed the technology to pump water, chemicals and sand into the ground to fracture rock and release hydrocarbons, they called it “hydraulic fracturing.”
Jude 
Maritime News, Offshore, Oil and Gas 
Antonio Brufau, Chief Executive Officer, Edwin Drake, fracture rock, Halliburton, hydraulic fracturing, liquefied natural gas, LNG division, oil and gas companies, oil drilling, oil prices, porous rock, Santos Basin, St. Patrick Day, Stanolind Oil, Titusville, world oilHydraulic Fracturing
As drilling technology improves, we are able to access new sources of natural gas and oil in shale formations. The U.S. has abundant resources of oil and natural gas in shale deposits.
Maneuvering on oil drilling, gas prices and industry profits intensified on Capitol Hill on Wednesday. House Republicans pushed through a bill to accelerate offshore oil and gas exploration as Democrats vowed action on measures to rescind billions of dollars in tax breaks for major oil and gas companies.
Jude Oil and Gas Capitol Hill, drilling technology, gas prices, Green River formation, House Republicans, natural gas, offshore drilling permits, offshore oil and gas exploration, oil and gas companies, oil and gas exploration, oil drilling, oil in shale formations, Pacific and Arctic shorelines, Saudi Arabia’s oil, U.S. Geological SurveyMitsui Engineering and Shipbuilding
Mitsui Engineering and Shipbuilding recently completed the 110,000DWT bulk carrier ‘Nord Hercules’ which had been under construction at its Chiba Works, and delivered her to her owner, Clio Marine of Liberia on January 21, 2011.
Deltamarin has signed an agreement with Nantong Mingde Heavy Industry for the design of seven new Equinox-class self unloading and gearless bulk carriers to be built at the Chinese yard for shipping firm Algoma Central Corporation and the Canadian Wheat Board.
Exxon Mobil
Indonesian state energy firm PT Pertamina is in talks with Exxon Mobil Corp. to buy its 25% stake in an oil-exploration project in Angola after bidding around $3.5 billion.
New York State’s pension fund is made up of diversified investments, some of which are in energy companies. As WAMC’s Hudson Valley Bureau Chief Greg Fry reports, the investments are in companies that are growing due in part to gas drilling operations, which some are trying to stop from being established in New York.
Jude News, Oil and Gas Asia-Pacific region, Cabot Oil and Gas, Chesapeake Energy Corporation, China Petrochemical Corp., Exxon Mobil Corp, hydraulic fracturing, Indonesian state energy firm, Oil & Natural Gas Corp., oil and gas business, oil and gas drilling, oil and gas shares, oil exploration project, PT Pertamina, Schlumberger Limited, Sinopec Group, State Comptroller Thomas DiNapoliSOLAS to suppress piracy
UK and US maritime lawyer and maritime author Dr John Cartner is calling on the International Maritime Organisation to enact changes to the Safety at Life at Sea Convention to combat the continuing problem of piracy facing the global merchant fleet by allowing ships to carry armed guards.
The governments of Mozambique, Zimbabwe and Botswana have initialled a memorandum of understanding on the implementation of a tripartite project to develop a deep-water port at Techobanine, in Mozambique’s southernmost district of Matutuine.
Jude Maritime News, News armed guards, Botswana, Cartner and Fiske, Coast Guard, Frank Ramsden, global merchant fleet, IMO members, International Maritime Organisation, maritime author Dr John Cartner, Mozambican Transport Minister Paulo Zucula, Mozambique, Nicholas Goche, Piracy, piracy threat to maritime, pirate attack, pirates of the caribbean, Safety at Life at Sea, SOLAS, UK and US maritime lawyer, ZimbabweNZ Oil and Gas to look overseas for exploraion
The explorer says the deal is part of its move to focus on overseas opportunities and ultimately set up two core areas outside of the country.
When Iran, beset by international sanctions, had its annual oil and gas expo this month, there was no sign of the big Western oil companies and even less of the large-scale investment the Islamic Republic’s energy industry desperately needs.
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