Beijing warns India against S China Sea move

Taking strong exception to India
going ahead with the oil exploration programme in the blocks
claimed by Vietnam in the South China Sea, China on Monday raised
its pitch.

Obama to permit oil exploration off Virginia coast

Obama is to announce on Wednesday a plan to permit exploration for oil and natural gas off the coast of Virginia as a way to create jobs.

Oil exploration, trade on Bangladesh PM’s Beijing agenda

Getting China to join the race for hydrocarbons in the Bay of Bengal and bridging the bilateral trade gap are high on Bangladesh Prime Minister Sheikh Hasina`s agenda as she leaves for Beijing on Wednesday.

UK oil exploration firm starts Falklands drilling

A British oil exploration company said on Monday it began drilling near the Falkland Islands, a development that could worsen tensions between Britain and Argentina, which fought a war over the disputed islands in 1982.

India invites Canadian firms for oil exploration

India has invited Canadian oil companies to take part in the latest round of auction of hydrocarbon assets.

ONGC launches ultra-deep oil exploration in Ker-Konkan basin

State-run Oil and Natural Gas Corporation (ONGC) on Sunday launched its first ultra-deep sea oil exploration in the Kerala-Konkan basin with spudding operation being started at the site.

Russia to explore Cuban oil, lends $150 mn

Russia has provided a USD 150-million loan to Cuba and signed pacts with the Caribbean nation for oil exploration in the Gulf of Mexico, a media report said.

Oil prices up in Asian trade

Oil prices were up in Asian trade on Tuesday on renewed hopes that the ailing global economy is on the mend, dealers said.