Page 5 - Oil Industry
O2C, Indian Oil Corp bag supplies in intense bidding for KG-D6 gas
RIL and its partner BP of the UK had offered 5.5 million standard cubic meters per day of additional gas in the auction for a flexible tenure of 3-5 years
 "O2C, Indian Oil Corp bag supplies in intense bidding for KG-D6 gas")
Saudi Aramco profit drops 44%, but $75-billion dividend survives
The dividend is a key source of cash for the kingdom, whose economy was hit after the virus hammered energy markets and shut down local businesses
 "Saudi Aramco profit drops 44%, but $75-billion dividend survives")
Oil industry seeks alliance with Farm Belt to fight Biden's EV agenda
While the oil industry and biofuels producers are natural competitors for space in America's gas tanks, they share a desire to ensure a future for internal combustion engines.
 "Oil industry seeks alliance with Farm Belt to fight Biden's EV agenda")
Oil refiners on the margin amid rising crude prices, muted demand
Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices
 "Oil refiners on the margin amid rising crude prices, muted demand")
Biden announces return to Paris climate accord, curbs on US oil industry
WASHINGTON (Reuters) - U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming.
 "Biden announces return to Paris climate accord, curbs on US oil industry")
BP gives Caribbean refinery more time to hit operating targets: Report
BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, sources said
 "BP gives Caribbean refinery more time to hit operating targets: Report")
Abu Dhabi plans to spend $122 bn in oil & natural gas over the next 5 years
The Gulf emirate's top body for energy policy, the Supreme Petroleum Council, approved the budget for Abu Dhabi National Oil, state-run news agency WAM reported on Sunday
 "Abu Dhabi plans to spend $122 bn in oil & natural gas over the next 5 years")
China all set to eclipse US as world's biggest oil refiner by 2021: IEA
The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia
 "China all set to eclipse US as world's biggest oil refiner by 2021: IEA")
Oil prices slip as US inventory build stokes fears of supply glut
Crude inventories rose by 584,000 barrels in the week to Oct. 16 to 490.6 million barrels, data from industry group the American Petroleum Institute (API) showed
 "Oil prices slip as US inventory build stokes fears of supply glut")
Iraq flags oil project delays, sees recovery next year: Minister
"I think quarter two, 2021 will be more attractive to every aspect of our business," Ihsan Abdul Jabbar told the CWC Iraq Petroleum conference
As Exxon Mobil is removed from the Dow, is this the end for Big Oil?
It's not the first time that there's only been one oil and gas company in the Dow
 "As Exxon Mobil is removed from the Dow, is this the end for Big Oil?")
Mauritius spill to have an impact far beyond its size on the oil industry
Compared to the biggest oil spills from tankers hauling as much as 300,000 tons of crude across the world's oceans, the volume of oil that spilled from the Wakashio is a drop in the ocean
 "Mauritius spill to have an impact far beyond its size on the oil industry")
First Abu Dhabi Bank profit drops 25% on higher impairments charges
Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price
 "First Abu Dhabi Bank profit drops 25% on higher impairments charges")
Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal
The deal will grow Chevron's shale presence in both the Permian Basin and the Denver-Julesburg Basin in Colorado.
 "Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal")
Working to complete contours of Saudi Aramco deal, says Mukesh Ambani
The deal was to be concluded by March 2020 but has been delayed.
 "Working to complete contours of Saudi Aramco deal, says Mukesh Ambani")
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.
 "BP wipes up to $17.5 billion from assets with bleaker oil outlook")
Saudi Aramco plans $75-billion dividend even as profit plunges 25%
Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.
 "Saudi Aramco plans $75-billion dividend even as profit plunges 25%")
When oil became waste: A week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of US oil futures plunged to a previously unthinkable minus $38 a barrel
 "When oil became waste: A week of turmoil for crude, and more pain to come")
Want to make it big in oil industry? Try getting fired by this company
The CEO of SandRidge Energy was recently dismissed with a severance package worth at least $14 million
 "Want to make it big in oil industry? Try getting fired by this company")
Data can be next oil only if it flows freely
Data must be gathered and disseminated swiftly; else it will lead to proxy efforts which will create further confusion
