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CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
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India Will Be Able To Produce Quarter Of Its Oil Demand By 2030: Minister
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday announced that the Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030.
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100 Flights From Sri Lanka Refueled By Bharat Petroleum In Tamil Nadu
As Sri Lanka continues to reel under the effects of its worst economic crisis since independence, the Indian government-owned oil and gas explorer and producer, Bharat Petroleum has stepped up to refuel the country's aircrafts.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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Well Run By Nigeria's Eroton Spills Oil And Gas For Over A Week
Eroton produces and exports crude from its Oil Mining Lease 18 block through the Nembe Creek Trunkline.
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Putin, Saudi Crown Prince Upbeat On OPEC+, Kremlin Says Of Call
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a "positive assessment" to their cooperation on the OPEC+ producers group to stabilize the world oil market, the Kremlin said in statement.
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India To More Than Double Price Of Locally Produced Gas - Sources
India will raise the price of locally produced gas from old fields for April-September to a record-high $6.1 per million metric British thermal units (mmBtu) from the current $2.90/mmBtu.
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Vladimir Putin Says Russia Aiming To Be Carbon Neutral By 2060
President Vladimir Putin said Wednesday that Russia -- one of the world's biggest producers of oil and gas -- is aiming for carbon neutrality by 2060.
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IIT(ISM) Dhanbad, EOGEPL Agrees For CBM Technological Innovations
Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.
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Dharmendra Pradhan Dedicates Bengal's First Oil And Gas Reserve To Nation
West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.
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Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
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Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
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ONGC Sees Gas Revenue Hit By $1 Billion Due To Price Cut
India has slashed prices of gas produced from old blocks - handed to explorers without bidding - by about a quarter to a multi-year low of $1.79 per million metric British thermal units.
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Shell Launches Major Cost-Cutting Drive To Prepare For Energy Transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.
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10 Days On, Assam Oil Well Still Leaking Gas; Biodiversity At Risk
The natural-gas producing well of the Oil India Limited (OIL) in upper Assam's Tinsukia district continues to spew gas even 10 after the incident, causing grave damage to the region's wetlands and biodiversity. Images shared by locals on social media show gas condensate depositing in the Maguri beel wetland, dead carcasses of endangered Gangetic do...
-
CNG, PNG To Cost Less As India Tweaks Natural Gas Pricing Mechanism
Natural gas produced from legacy old fields, known as APM gas, will now be linked to crude oil price instead of gas prices in surplus nations such as the US, Canada and Russia, Union Minister Anurag Thakur said.
-
India Will Be Able To Produce Quarter Of Its Oil Demand By 2030: Minister
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday announced that the Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030.
-
100 Flights From Sri Lanka Refueled By Bharat Petroleum In Tamil Nadu
As Sri Lanka continues to reel under the effects of its worst economic crisis since independence, the Indian government-owned oil and gas explorer and producer, Bharat Petroleum has stepped up to refuel the country's aircrafts.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Well Run By Nigeria's Eroton Spills Oil And Gas For Over A Week
Eroton produces and exports crude from its Oil Mining Lease 18 block through the Nembe Creek Trunkline.
-
Putin, Saudi Crown Prince Upbeat On OPEC+, Kremlin Says Of Call
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a "positive assessment" to their cooperation on the OPEC+ producers group to stabilize the world oil market, the Kremlin said in statement.
-
India To More Than Double Price Of Locally Produced Gas - Sources
India will raise the price of locally produced gas from old fields for April-September to a record-high $6.1 per million metric British thermal units (mmBtu) from the current $2.90/mmBtu.
-
Vladimir Putin Says Russia Aiming To Be Carbon Neutral By 2060
President Vladimir Putin said Wednesday that Russia -- one of the world's biggest producers of oil and gas -- is aiming for carbon neutrality by 2060.
-
IIT(ISM) Dhanbad, EOGEPL Agrees For CBM Technological Innovations
Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.
-
Dharmendra Pradhan Dedicates Bengal's First Oil And Gas Reserve To Nation
West Bengal found a place in the oil map of India as Union Minister Dharmendra Pradhan on Sunday dedicated an oil and gas producing field in North 24 Parganas district to the nation.
-
Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
-
Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
-
ONGC Sees Gas Revenue Hit By $1 Billion Due To Price Cut
India has slashed prices of gas produced from old blocks - handed to explorers without bidding - by about a quarter to a multi-year low of $1.79 per million metric British thermal units.
-
Shell Launches Major Cost-Cutting Drive To Prepare For Energy Transition
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.
-
10 Days On, Assam Oil Well Still Leaking Gas; Biodiversity At Risk
The natural-gas producing well of the Oil India Limited (OIL) in upper Assam's Tinsukia district continues to spew gas even 10 after the incident, causing grave damage to the region's wetlands and biodiversity. Images shared by locals on social media show gas condensate depositing in the Maguri beel wetland, dead carcasses of endangered Gangetic do...
