Page 3 - Oil And Gas
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
 "Centre puts oil pipeline monetisation on hold as PSUs resist: Report")
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
 "Do not see govt slapping windfall tax amid soaring energy prices: ONGC")
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
 "Firms to submit bids for third round of discovered small fields on May 31")
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
 "GAIL says it's open to buying Russian oil-gas assets if offered good deal")
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
 "ONGC to sell stake, seeks global oil firms' help to develop fields")
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
 "World Economic Forum: Overall food inflation is manageable, Piyush Goyal")
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
 "Afghanistan wants oil, gas from Russia, hopes to send dry fruits to Moscow")
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
 "Saudi Aramco becomes world's most valuable stock as Apple shares drop")
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
 "Oil eases after surging previously on Russia's sanctions on EU companies")
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
 "India turns to expensive foreign gas to ease its power supply crunch")
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
 "Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil")
Russian gas supplies to China soar by 60% in 2022 amid Ukraine war
Russian energy giant Gazprom announced the significant rise in exports on Sunday, even as energy exports to Europe remain uncertain in light of the ongoing hostilities
Oil prices gain 1% after US crude stocks signal tighter supply
The gains come on the back of news from Tuesday that the European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow's oil industry.
COP26 prez draws flak for supporting investment by oil and gas companies
Days after the developed world sought to belittle India for continued oil imports from Russia, COP26 president Alok Sharma's endorsement of a letter by UK's Secretary, Business, Energy & Industrial Strategy on Sunday came under severe criticism from all quarters for encouraging fossil fuel going against his role of head of the climate negotiations conference.
 "COP26 prez draws flak for supporting investment by oil and gas companies")
Indian Oil launches methanol-blended petrol on pilot basis in Assam
Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.
 "Indian Oil launches methanol-blended petrol on pilot basis in Assam")
Enquiries from Russia put exporters in a spot
The immediate challenge of the Indian exporters is to find shipping lines that will take their cargo to Russia.
 "Enquiries from Russia put exporters in a spot")
A core problem in domestic oil: Widening gap between targets and output
A persistent gap between output and targets has played its part in subdued core-sector growth
 "A core problem in domestic oil: Widening gap between targets and output")
PM Modi calls out Opposition-ruled states, says some didn't cut fuel tax
PM: States did 'injustice' to people by not passing on benefit of Centre's excise duty cut
 "PM Modi calls out Opposition-ruled states, says some didn't cut fuel tax")
