US Needs Venezuela's Heavy Crude Despite Being Top Producer
Despite being the world's largest oil producer, US refineries rely on heavy crude from Venezuela, Canada & Mexico. Learn why the shale boom hasn't solved this dependency.
Category : Search result: offshore oil exploration
Delhi HC Orders Status Quo on Vedanta Gujarat Block Takeover
Delhi High Court puts govt order to transfer Vedanta's offshore oil block to ONGC on hold. Interim relief granted; next hearing on Feb 27, 2026. Key facts inside.
Ørsted Challenges US Offshore Wind Construction Halt in Court
Danish energy giant Ørsted initiates legal proceedings against the Trump administration's stop-work order for its Sunrise Wind project, citing substantial harm. Read the latest on the US offshore wind battle.
Trump: Venezuela to transfer up to 50M barrels oil to US
President Trump announces Venezuela's interim authorities will transfer 30-50 million barrels of oil to the US, to be sold at market price. Details on the deal's impact and revenue.
Oil Pipeline Bursts Twice in Assam's Dibrugarh, Spills Crude
An Oil India Limited pipeline in Dibrugarh's Tingkhong area ruptured twice within 12 hours, spilling crude oil onto farmlands and fish ponds. Locals report dead fish and fire risks. Read more on the environmental impact and OIL's response.
Trump's Venezuela Oil Strategy: Heavy vs Light Crude Explained
Discover the real reason behind US interest in Venezuela's oil reserves. It's not just about quantity, but the specific type of crude. Read the full analysis now!
World's Largest Oil Reserves 2025: OPEC Dominates
Venezuela holds the world's largest proven oil reserves in 2025. See where Saudi Arabia, Canada, Iran, and India rank in the global list. Key insights from OPEC's latest data.
Venezuela's Massive Oil Reserves Lead World, But Challenges Remain
Venezuela holds the world's largest proven oil reserves at 303 billion barrels, surpassing Saudi Arabia. Discover why this hasn't translated to economic prosperity and how oil still dominates global energy.
India's US crude imports jump 92%, Russia share dips
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
Expert: India's Edge in Venezuela Oil as Sanctions May Lift
Energy expert Narendra Taneja explains why Venezuela's vast oil reserves don't sway global prices yet, and the unique opportunity for experienced Indian firms when sanctions ease. Read more.
Venezuela Oil Revival Faces Hurdles, Won't Impact Prices Soon
Analysts say Trump's plan for US firms to rebuild Venezuela's oil sector won't move global prices near-term. Political instability & massive investment needs are key hurdles. Read more.
Venezuela, Iran Actions May Worsen 2026 Oil Glut
Geopolitical shifts in Venezuela and Iran could add to a projected 1.5-2 million barrel per day oil surplus in 2026, pressuring crude prices. Analysts warn scarcity fears are fading.
Indian Oil Buys Colombian Crude for First Time
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
ED attaches Rs 150cr UK assets in S Kumars bank fraud case
ED attaches Rs 150 crore London property near Buckingham Palace linked to ex-S Kumars CMD Nitin Kasliwal in a Rs 1,400 crore bank loan laundering probe. Read the full investigation details.
GIFT City: India's Answer to Singapore, Dubai for Investors
GIFT City is transforming India's financial landscape, offering tax benefits and dollar access to retain global capital. Discover how it's changing the game for NRIs and investors.
IEA: Low Crude Oil Prices to Continue Till 2026
The International Energy Agency forecasts a prolonged period of low crude oil prices due to a significant supply surplus and slowing demand growth. Discover the key factors and global implications.
Analysts: Crude Oil Under Pressure Until 2026 Due to Oversupply
Global crude oil prices are projected to remain subdued through 2026, with a structural oversupply outweighing geopolitical tensions. Analysts cite rising non-OPEC+ production and slowing demand growth. Read the full analysis.
Brockman estate pays $750M in tax fraud settlement
The estate of Robert Brockman settles the biggest US individual tax fraud case, agreeing to pay $750 million in back taxes and penalties. Details on the $2 billion offshore empire revealed.
US Pauses 5 Offshore Wind Projects Over Security
The US Department of the Interior pauses leases for five major offshore wind farms, citing classified defense reports on radar interference risks. Read the full story.
Korean Giants Win Major $2.9 Billion Offshore Wind Deal
South Korea's Hanwha Ocean and Hyundai E&C secure a massive $2.9 billion contract to build an offshore wind substation in Taiwan. This deal marks a significant step in the global renewable energy push.
Avocado Oil: The Ultimate Healthy Cooking Oil for Indians
Discover why avocado oil is becoming a kitchen essential in India. From its high smoke point for perfect frying to heart-healthy fats, learn how to use it daily. Boost your nutrition today!
Hyosung Heavy Signs $82M UK Wind Farm Deal
South Korea's Hyosung Heavy Industries secures an $82 million contract to supply transformers for a major UK offshore wind project, boosting its global green energy footprint.
US Pauses 5 Offshore Wind Projects Over Security Risk
The US government has paused leases for five major offshore wind energy projects, citing national security risks. This move impacts the Biden administration's clean energy goals.
Reusing frying oil: Safe limits and health risks revealed
Reusing deep-fried oil is common, but how many times is safe? A dietetics expert explains the chemical dangers, safe reuse limits, and long-term health risks like diabetes and heart disease.
India Drives Global Oil Demand in 2025, Peak Delayed to 2030s
2025 saw a major shift as oil demand surged, defying peak predictions. India emerged as the top growth engine, reshaping global energy dynamics. Read the full analysis.
Fact Check: Are Seed Oils Like Sunflower Oil Really Toxic?
Are seed oils like sunflower and soya bean oil toxic? We separate fact from fiction, examining the science behind heart health, inflammation, and processing myths. Read the evidence.
Germany Looks to India for Rare Earth Magnets
German offshore wind firms explore India as an alternative source for rare earth magnets, crucial for turbines, to reduce dependence on China. India's manufacturing push could meet global demand.
Saudi Arabia Slashes Oil Price to Asia to 5-Year Low
Saudi Arabia cuts January 2026 crude oil price to Asia to a five-year low as OPEC+ raises output and supply surplus looms. Details on market impact and Chinese demand.
India Secures Soy Oil Ahead of Palm Price Surge
Indian buyers secure massive South American soybean oil volumes for 2026, anticipating palm oil shortages from Indonesia's biodiesel push and weaker sunflower harvests. Get the full analysis.
TotalEnergies, Chevron Form New Nigeria Offshore Venture
TotalEnergies sells 40% stake in Nigerian offshore blocks to Chevron, expanding their global partnership. The deal aims to unlock new resources in the West Delta basin. Read more.
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