Page 25 - Oil And Gas

30% EV share may cut oil bill by Rs 1 trn, but hurt tax revenue too: Study

Transition could give rise to combined annual loss in the oil and auto sector of about Rs 2 trillion

ONGC invites bids to boost production in ageing oil and gas fields

All the oil and gas produced will belong to ONGC and anyone interested has until December 1, 2020 to respond

BPCL eyes doubling bunkering sales volume to 14 tmt with terminal upgrade

The country's second largest oil marketing firm Bharat Petroleum has upgraded its bunkering facility with five jetties that can now pump the oil into ships from the pipelines at the Marine Oil Terminal on the Butcher Island, off the east coast of the city. BPCL is the largest supplier of bunkering oil with around 60 per cent of the volume at JNPT, Mumbai Port and the two other harbours nearby the city consuming around 400thousand metric tonne(tmt) annually. And the sell-off bound national oil marketer expects to double its annual sales to 14 tmt from 7 tmt now after the updrade and complete mechanisaiton of the oil filling facilities now, S Jena, executive director, industrial & commercial at BPCL told PTI. On average, as many as 5,000 vessels berth at Mumbai, JNPT and the adjoining Digi and Dharamtarports annually, creating a bunkering business of close to 400tmt of VLSFO. The upgraded facility on the Jawahar Dweep, earlier known as the Butcher Island, will be used bunkering very

Global energy majors line up plans, appear bullish on India's prospects

India imports around 8.5 million tonnes per annum of liquefied natural gas from Qatar under two long-term contracts.

BP to Rosneft: Energy companies' CEOs tell their India plan to PM Modi

Global energy bigwigs appear bullish about India's economy in their video interaction with the Prime Minister

India may see $206 bn investment in oil and gas in next 8-10 years

Modi to inaugurate India Energy Forum by CERA Week on Monday, is expected to woo companies to promote Atmanirbhar Bharat

PM Modi to interact with CEOs of leading global oil, gas firms on Monday

The objective behind the meeting is to deliver a global platform to understand best-practices, discuss reforms, and inform strategies for accelerating investments into the Indian oil & gas value chain

Denmark seeks talks on North Sea oil and gas after application withdrawn

Denmark has considered discontinuing the tender process because of the country's ambitious target of reducing greenhouse gas emissions by 70% by 2030.

To dodge sanctions, Venezuela turns to Asia to keep crude flowing

Many of PDVSA's overseas bank accounts had been frozen or closed, hampering its ability to pay vendors on whom it relies to keep the nation's crude flowing.

Six Norway oil and gas fields shut as more workers join strike over pay

Monday's escalation added 126 union members to the strike, taking the total to 169 out of the 1,003 offshore workers Lederne represents.

Govt plans floor price for domestic natural gas amid falling prices, demand

Relief for producers as prices and demand falling globally

Newbies bid for small oil fields only to get bogged down in red-tape

Entrepreneurs bid for discovered small fields, only to find gaps between promise and experience

Pradhan discusses with CHT officials about innovation in oil and gas ops

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday held a meeting with officials of the Centre for High Technology (CHT) to discuss the adoption of best practices and promotion of Research Development and innovation in oil and gas operations."Held a meeting with officials of Centre for High Technology to discuss the adoption of best practices and promotion of R & D and innovation in our oil and gas operations to achieve continuous improvement in performance, processes and energy efficiency," Pradhan said in a tweet attaching the pictures of his video-conferencing meeting with officials.Centre for High Technology (CHT) was established as a dedicated technology cell of the Ministry of Petroleum and Natural Gas in 1987 to assess futuristic requirements, acquire, develop and adopt technologies in the fields of refinery processes, petroleum products, work relating to the modernisation of technologies.

Govt begins probe into Chinese shareholding in rig operations in India

Fresh guidelines will be issued to make them much more stringent for strategic sectors, say sources

Here's why analysts are bullish on Gujarat Gas despite a 75% dip in Q1 PAT

The oil and gas firm posted a consolidated net profit of Rs 59.07 crore, down 74.76 per cent YoY. The net profit margin in Q1FY21, meanwhile, came in at 5.33%, clocking a de-growth of 3.43%

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

Cabinet okays additional investment of $121 mn by ONGC Videsh in Myanmar

The CCEA, chaired by Prime Minister Narendra Modi, approved the additional investment for the Shwe oil and gas project in Myanmar blocks

Working to complete contours of Saudi Aramco deal, says Mukesh Ambani

The deal was to be concluded by March 2020 but has been delayed.

Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy

Plan is to unbundle GAIL into two firms --- one for gas transmission, other for marketing; Ernst and Young appointed consultant

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.