Ramba Energy Discovers Oil and Gas in the Indonesian Lemang Block

The Oil and Gas Exploration and Production company, Ramba Energy, has discovered a gross pay of 222 feet at Indonesia’s onshore Lemang Block. Testing in the Selong 1-well, the initial well at the block where oil drilling was performed by the company, resulted to a maximum flow of  790 oil barrels daily from depths of 5,375 to 5,385 feet in Talang Akar Formation’s lower region....
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Get to know about Oil wells

What exactly is an oil well? This term can be applied to any drilling or orifice made in the crust of the surface of the earth, with the main purpose being the retrieval of petroleum oil, or other fossil fuels. Petroleum oil is usually not the only product that is retrieved. Sometimes, by-products like coal, precious metals, ore and mainly natural gas are bound to turn up in the substances found...
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Alaska receiving tangled views over Oil Investment

The oil presence benefitting the 49th state makes it more difficult to perceive Alaska as a site for lucrative oil investment. Already a battle is going on over this perception. This statement has led to a civil discussion which focuses at proving that Alaska doesn’t stand in the way of competition on a world stage. A spokesperson for local industry giant Repsol, remarked in a recent press...
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After recession markets opted to invest in oil and gas sector

The recession shook the world and took everyone by surprise. Many people lost their jobs, a few even lost their houses. It looked as if the world was suffocating and finding it difficult to breathe. The stock market was down and the investors had taken a huge loss. While many were recovering from the loss, few investors were still interested in finding a way to invest and increase their money....
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The Future of Indian Oil wells

Oil has been the main commodity the world over for the past so many years. The reason why crude oil has gained so much importance worldwide is because crude oil is the main source of fuel which is being used for automobiles. Apart from this, crude oil is used for the purposes of power generation and is the major fuel being used to run the worldwide industries. In addition to this, crude oil...
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