Page 22 - Oil And Gas

Denmark seeks talks on North Sea oil and gas after application withdrawn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

Attempt to cap gas blowout in Assam in 2-3 days with help from experts: OIL

Expert team from Singapore to help in stopping the uncontrolled gas flow

Covid-19 impact: Trump admin postpones 2 auctions on oil and gas lease sale

Drilling on federal lands is a crucial part of President Donald Trump's "energy dominance" agenda to maximize domestic production of fossil fuels

No layoffs, but will take steps to cut costs, says L&T Infotech's Jalona

We are not looking at any layoffs at present, but we are looking at all ways and means to protect profits and save money to minimise the revenue impact, say Jalona

A post-Covid digital era

Companies which had leveraged technology and automation during normal course have been better placed to manage the situation during Covid

Oil & gas stocks tumble as US oil price collapses; ONGC declines over 6%

Among oil marketing companies, Indian Oil Corporation (IOC) was down over 3 per cent at Rs 84.85

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

How to build institutions

In the concluding part of the series, the author talks about the mindset, behaviour and action of 'shapers'