Limited LNG bunkering infrastructure has long been blamed for holding back the shipping industry’s adoption of LNG as a fuel. It’s a textbook chicken-and-egg problem: Fleet operators won’t switch to gas if they cannot be confident of supply, while suppliers won’t invest if they don’t see sufficient demand. Avenir LNG – a spin-off of Stolt-Nielsen […]Continue Reading... No Comments.
The re-election of National Democratic Alliance (NDA) will be credit neutral for the domestic oil and gas sector, research and retaings agency ICRA said today. It added that even though the government’s initiatives should help companies in the sector going forward, clarity on pricing freedom on sensitive products and adequate subsidy provision will be critical […]Continue Reading... No Comments.
Hyderabad based MEIL’s Hydrocarbon division made an extraordinary beginning in the field. It has completed and commissioned many projects in the last financial year. Oil storage tanks, Gas based power generation units, Gas processing units, Pipeline projects and city gas distribution projects were taken up and completed most of them. MEIL’s Hydrocarbon division also has […]Continue Reading... No Comments.
Malaysia’s state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work. Operations will resume when the maintenance work is completed, said Petronas, as the company […]Continue Reading... No Comments.
Richest Indian Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries has toppled state-owned Indian Oil Corp (IOC) to become the country’s biggest company by revenue. Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, […]Continue Reading... No Comments.
Hindustan Petroleum Corporation Ltd, India’s third-largest oil refiner may borrow about Rs 7,000-8,000 crore in FY20 for revamping its refineries at Mumbai and Vishakhapatnam, company’s Chairman MK Surana said in its Q4 FY19 earnings press conference. In FY19, HPCL borrowed Rs 6,000 crore, Rs 3,000 short-term and long-term each. A large part of the company’s […]Continue Reading... No Comments.
A delegation led by Special Assistant to Prime Minister Imran on Petroleum Nadeem Babar departed for Ashgabat, Turkmenistan on Sunday to participate in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline meeting. Groundbreaking of the TAPI gas pipeline will be held in Pakistan in October, according to sources. The Pakistani delegation is traveling to Turkmenistan to finalize the […]Continue Reading... No Comments.
A team of officials from the Petroleum and Natural Gas Regulatory Board (PNGRB) is set to visit Gujarat this month to review various issues regarding supply of natural gas at the ceramics hub of Morbi — the country’s biggest gas consuming centre at a single location. While the demand for gas has gone up almost […]Continue Reading... No Comments.
Greenpeace activists blocked the entrance to BP headquarters in London on Monday, demanding one of the world’s biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace activists arrived at BP in St James’ Square at 0200 GMT and encased themselves in specially designed containers to block all the […]Continue Reading... No Comments.
Russian natural gas producer Gazprom is in talks to sign a five-year contract to buy gas in Turkmenistan, Interfax news agency cited Russian Deputy Energy Minister Anatoly Yanovsky as saying on Thursday. The talks are expected to be completed in May-June, RIA news agency cited Yanovsky as saying. He did not say what volume of […]Continue Reading... No Comments.