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 ..

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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 ..

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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 ..

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