Page 6 - Oil And Gas

Germany on 'gas alarm', sees long-term supply shortages: Report

The Nord Stream pipe, already operating at just 40 per cent of normal levels, will be offline for works on July 11-21, tightening a market that's seen prices soar in recent weeks

Does reputation no longer matter for today's companies and politicians?

In today's practical age, whether a country offends your religious sensibilities can be overlooked if it is a key customer for your gas or oil, writes T N Ninan

European gas prices surge after fire in US compounds Russia supply concern

Benchmark futures traded in Amsterdam snapped a six-day falling streak, while UK prices soared as much as 39% before paring gains

ONGC's nominee director appointment on HPCL board stuck in paperwork

For over five months now, Oil and Natural Gas Corporation (ONGC) has had no representative on the board of Hindustan Petroleum Corporation Ltd

TMSEp185: Economic revival, Ronojoy Dutta, IndiGo & SpiceJet, windfall tax

Is the Indian economy out of the woods? What is CEO Ronojoy Dutta's take on IndiGo's performance? Is there turbulence ahead for IndiGo & SpiceJet? What's 'windfall tax' on oil cos? All answers here

What is windfall tax on oil companies?

Crude oil price is rising. As the burden on people's pocket is increasing, experts are suggesting one-time 'windfall tax' on companies that have profited from the price rise. What is 'windfall tax'?

Has sanctioning Russia worked? Oil, gas sales put $285 bn in Putin's pocket

For years, Russia has acted as a vast commodity supermarket selling what an insatiable world has needed: Not just energy, but wheat, nickel, aluminum and palladium too

Centre puts oil pipeline monetisation on hold as PSUs resist: Report

According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business

Do not see govt slapping windfall tax amid soaring energy prices: ONGC

ONGC reported bumper profits in Q4 (when international prices soared to a near 14-year high of $139 per barrel) and record earnings in 2021-22, triggering talks of the govt slapping a windfall tax

Firms to submit bids for third round of discovered small fields on May 31

Majority of the investments in OALP and DSF blocks are set to come up in the coming years

GAIL says it's open to buying Russian oil-gas assets if offered good deal

GAIL is considering buying gas from challenging local fields to address surging local demand for natural gas, including striking long-term liquefied natural gas import deals with global companies

ONGC to invest Rs 31,000 cr over next 3 years in finding oil, gas

ONGC said it also plans to leverage international collaborations with reputed global majors for this, for which talks are in an advanced stage.

ONGC to sell stake, seeks global oil firms' help to develop fields

The deadline for submitting expressions of interest is June 16, ONGC said in a tender document on its website

World Economic Forum: Overall food inflation is manageable, Piyush Goyal

Speaking at the World Economic Forum in Davos, Goyal also said that India was producing enough wheat for domestic consumption

Afghanistan wants oil, gas from Russia, hopes to send dry fruits to Moscow

The Afghan charge d'affaires said Taliban govt is relying on Russia to restore the infrastructure, build buildings, roads and other necessary facilities because it had helped Afghanistan in past too

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Oil eases after surging previously on Russia's sanctions on EU companies

On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February

India turns to expensive foreign gas to ease its power supply crunch

While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy

Oil prices extend gains after news of EU's Russian oil ban proposal

A handful of eastern EU countries are concerned that the halt would not allow them enough time to adapt.

Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil

The gains came on the back of news from Tuesday that the European Union would slap new sanctions on Russia for waging war on Ukraine