Experts Urge Oil, Gas Exploration

Monday, January 16, 2006
About 80 percent of India's sedimentary basins with potential for oil and natural gas reserves remain unexplored, energy experts have said at the Oceantex Offshore Conference and Technology Exposition. According to conference speakers, India's demand for hydrocarbons was steadily increasing, putting additional pressure on oil companies and the government. The demand for crude oil was set to reach 170 million metric tons of oil equivalent (MMTOE) while production will reach only 58 MMTOE by 2006-07. The demand for natural gas will reach 213 million metric standard cubic meters per day (MMSCMD) while production would be only 62 MMSCMD by 2006-07. In addition, experts suggest that deep-water exploration activities should be initiated in India's Exclusive Economic Zones (EEZ) that up to 200-300 nautical miles.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

KR Launches Software to Aid ECA Compliance

The Korean Register (KR) has launched an in-house developed software program to assist vessels with fuel oil change over when complying with the new low sulphur regulations.

Study Examines Impacts of Inland Waterway Investment

The National Waterways Foundation (NWF) has commissioned and released a two-year study to examine the U.S. inland waterways’ national economic return on investment

Winter Storm Closes New York/New Jersey Terminals

All marine terminals at the Port of New York and New Jersey are expected to close around 3: 30 p.m. today and remain closed all day tomorrow as a severe winter

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1208 sec (8 req/sec)