Oil Production Current Affairs, GK & News

India’s Oil production in FY22

April 22, 2022

The crude oil production of India fell 2.67 percent in the fiscal year that ended on 31st March 2022. The production of ONGC was less than the target, but KG production by Reliance-BP’s natural gas output rose. Overview: In 2021-22 (April 2020 to March 2022) the crude oil production was 29.69 million tonnes which is ..

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Bengal Basin-India’s Eighth Functional Basin

December 23, 2020

The Oil and Natural Gas Corporation recently began oil production from Ashokenagar-1 well located in the Bengal Basin. With this Bengal Basin becomes the eighth oil producing basin in India. The other oil producing basins of India are located in Mumbai Offshore, Krishna-Godavari river basin, Cauvery, Assam Shelf, Rajasthan, Assam-Arakan, Cambay and Fold Belt. Key ..

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NASA: Earth Surface Mass has deviated

November 10, 2020

The National Aeronautics and Space Administration recently announced that the Earth Mass has deviated in August 2020 as compared to that of 2004-09. According to NASA, the sea level increase may be due to the change in earth mass. Findings of NASA The change in earth mass is mainly caused due to land movement relative ..

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OPEC extends oil production cuts to boost price

July 2, 2019

After long deliberations in Vienna, Austria, the OPEC announced that it will restrict the supply of oil for another nine months in a bid to support prices. The oil prices are being depressed by weakening global economic growth and skyrocketing American oil production from shales. The agreement to cut oil production will extend it to ..

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