Syrian army, Islamic State battle for central oilfield

Islamic State fighters battled government forces on Tuesday at central Syria`s Jazal oilfield, the last such facility still partly under state control, a group monitoring the conflict reported.

Cairn India Q1 net falls 24% as oil prices hit a soft patch

Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.

ONGC, Brazil's Petrobras discover oil off Sergipe's coast

The discovery of light oil was made in well 3-SES-189 in BM-SEAL-4 deep water block off the coast of the northern state of Sergipe, Brazil's state-run Petroleo Brasileiro SA (Petrobras) said in a statement.

Videocon-BPCL consortium discovers oil off Brazilian coast

Good quality light oil has been established in a discovery made in an offshore Brazilian block where Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) hold 40 per cent interest.

IS attack on Libyan oilfield kills 8: Security source

Islamic State group jihadists killed eight guards on Friday in an attack on the southern Libyan oilfield of Al-Ghani, a spokesman for the unit tasked with guarding oil installations said.

Islamic State torches oil field east of Tikrit: Witness

Islamic State militants have set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them from the oilfield, a witness and military source said.

Cairn's Rajasthan oil fields may return to ONGC

The Rajasthan Production Sharing Contract (PSC) provides for ONGC becoming the owner of all facilities once their cost is recovered from sale of crude oil, sources said.

Syrian rebels ‘capture key oilfield’ in eastern province

Rebel groups in Syria have reportedly captured a key oilfield in eastern Deir Ezzor province.

Afghanistan finds 1.8 billion barrel oilfield

Afghanistan has discovered the oilfield in the north of war-ravaged country.

RIL strikes oil off Gujarat coast

Mukesh Ambani-run Reliance Industries announced discovery of an oilfield 130 km from Ahmedabad in Gujarat, its second major find after
the offshore MA field in the Krishna Godavari basin.

ONGC-Hinduja JV looses rights to develop Iran`s oilfield to China

In a major setback to India`s oil
diplomacy, the ONGC-Hinduja Group alliance has lost the rights
to develop Iran`s South Azadegan oilfield to CNPC of China.

Cairn begins oil production from Mangala; PM terms it `a new era`

Prime Minister Manmohan Singh on Saturday inaugurated production from the country`s biggest oil find in more than two decades and said that India offered "a very good" climate for foreign investment in the sector.