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Thursday, May 05, 2016

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News - CBM

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India's Essar Oil Plans to Double CBM Output

Essar Oil is looking to double coal bed methane (CBM) output in India to 1.8 million standard cubic metres per day (scmd) by end of current fiscal (Apr 1, 2016-Mar 31, 2017). The company wants to boost production to 2.5 million scmd during fiscal 2017-18. Essar plans to achieve this target by increasing...

Greka Drilling's 2015 Loss Widens

Asia focused unconventional oil and gas driller Greka Drilling reported annual revenue in 2015 at $29.9 million from $24.4 million a year ago. Loss before tax widened to $7.5m versus $5.3m in 2014 principally due to foreign exchange loss due to US dollar appreciation against RMB, the company said Thursday.

Greater Caspian Weekly Overview (on NGE)