Indonesia's Ministry of Energy has confirmed the signing of a contract with units of Harbour Energy and Mubadala Energy for the development of the Central Andaman oil and gas block, reported Reuters.

The Andaman-Nicobar basin, located in the southeastern part of Bay of Bengal, is expected to hold significant reserves of natural gas and crude oil, the Centre feels. The area was opened for ...

India’s state-controlled Oil & Natural Gas Corporation (ONGC) has started drilling an ultra-deepwater exploration well in the keenly-watched Andaman basin, offshore the country’s eastern coast.