Oil Production Current Affairs, GK & News
Bengal Basin-India’s Eighth Functional Basin
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 ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: Bengal Basin • Electricity • oil and natural gas • Oil and Natural Gas Corporation (ONGC) • Oil Imports • Oil Production • ONGC
NASA: Earth Surface Mass has deviated
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 ..
Month: Current Affairs - November, 2020
Category: Environment Current Affairs
Topics: Antarctica • Greenland • Ground Water • Ice • NASA • Oil Production • Sea level rise
OPEC extends oil production cuts to boost price
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 ..
Topics: Oil Production • OPEC • Russia • Saudi Arabia • United States of America