Exxon Mobil’s Russian unit may take a decision this year on the Front End Engineering Design (FEED) for its Far East Liquefied Natural Gas project with Rosneft, Alexander Popov, vice president at Exxon Neftegaz, said on Wednesday. The company is continuing to hold talks on gas supplies from the Sakhalin 1 oil and gas project […]Continue Reading... No Comments.
Qatar will launch the world’s largest energy bank with a capital of $10 billion in 2019, an official of the new bank said. The move comes in the context of a fast-growing energy sector in Qatar, which plans to expand the capacity of annual production of liquefied natural gas (LNG) to 110 million tonnes by […]Continue Reading... No Comments.
Siemens will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL covering gas turbines installed across Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and Vijaipur C2/C3 Plant. The scope includes supply of RDS hardware, site installation and commissioning, including three years’ remote Operational Service Desk (OSD) and Help-desk services. The 24/7, year-around accessible OSD will be equipped with machine learning […]Continue Reading... No Comments.
India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country. Sri Lankan officials said the 200,000 barrel-per-day refinery will be built on 585 acres near the site of […]Continue Reading... No Comments.
Public-sector oil marketing companies, Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL), have approached the petroleum ministry to seek an exemption from the election commission for going ahead with the allotment of at least 31,800 petrol pumps. The companies had opened bids for at least 78,493 petrol stations across the […]Continue Reading... No Comments.
* A top-level communist party body meeting chaired by President Xi Jinping approved guidelines on oil and gas pipeline operation mechanism reform on Tuesday, state television reported * China will form a state-controlled oil and gas pipeline company with diverse investors, it said * The national company, a highly anticipated reform announced by China’s state […]Continue Reading... No Comments.
India’s fuel demand rose 3.8 per cent in February as free cooking gas connections spurred LPG consumption while petrol and diesel use continued to rise. Fuel consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of […]Continue Reading... No Comments.
Oil consumption in India continued to gather strength in February as increased demand for transportation and cooking fuel ahead of federal elections outweighed an economic slowdown. India’s total usage of oil products increased 3.8 percent to 17.4 million tonnes in February from a year ago, according to the oil ministry’s Petroleum Planning & Analysis Cell. […]Continue Reading... No Comments.
The chief executive of Russia’s Gazprom, Alexey Miller, has held talks with Serbian President Aleksandar Vucic over the construction of a gas pipeline in the Balkan country, Gazprom said on Tuesday. The gas pipeline would run from the border with Bulgaria to the border with Hungary, the statement said. Gazprom has built the first line […]Continue Reading... No Comments.
Gasoline demand in China and India has experienced growth to start 2019, Kallanish Energyreports. Opec’s Monthly Oil Market Report (Momr) released last week shows oil demand is growing in both countries. China’s figures rose by 0.40 million barrels per day (Mmbpd) in January, compared to the same period in 2018. India’s oil demand accelerated by […]Continue Reading... No Comments.