News

Not thousands of headlines. The few lines that move price. For traders: straight from the source, clear and simple.

Full stories are at the original source.

CommodityOilPrice.com

Oil India Strikes Natural Gas in Shallow Offshore Basin

State explorer Oil India Limited (OIL) has found natural gas in a previously unexplored formation in the shallow Krishna-Godavari Basin, the Indian company said on Friday. OIL has made the discovery at the Godavari-1 appraisal well in the Matsyapuri formation in the Krishna-Godavari Basin off India’s east coast, recording a peak test flow of 200,000 standard cubic meters per day (SCMD). The…

News text belongs to its source; only the headline and a short summary appear here.