24 Sept. 2020-When the first round of auctions for discovered small fields (DSF-I) took place in 2016, the event was described as the entry point for India’s future oil and gas barons. Indeed, promoters and executives from companies in sectors as diverse as steel, power, software, iron ore, textile and education turned up to bid.…
24 Sept. 2020-The CAG also said that as on September 2019, the cost of unfinished minimum work programme for nine blocks is yet to be worked out by Directorate General of Hydrocarbons (DGH).The Centre has awarded 254 blocks under the New Exploration and Licensing Policy (NELP) I to IX rounds for exploration of oil and…
24 Sept. 2020-New Delhi, Funds collected by the Centre as cesses for specific purposes, such as the mineral trust, oil industry development and infrastructure, have not been fully transferred to dedicated funds, the Comptroller and Auditor General of India (CAG) said, while pointing out deficiencies in the collection, transfer and utilisation of these levies. In…
24 Sept. 2020-A massive fire broke out in Gujarat’s Surat early on Thursday. The blaze was reported from an Oil and Natural Gas Corporation (ONGC) plant in the city. According to the details, several explosions was also reported from the site. The fire brigade had received a call about the blaze at nearly 2:30 am…
24 Sept. 2020-New Delhi: Prominent leaders from the global and domestic City Gas Distribution (CGD) industry would convene Thursday on ETEnergyworld Virtual CGD Summit to lay a roadmap for the rapid growth and expansion of city gas network across India. Key decision makers and private sector executives would discuss threadbare the challenges and opportunities for…
23 Sept. 2020-MELBOURNE: Oil rose in early trade on Tuesday, paring sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases. U.S. West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose…
23 Sept. 2020-Oil prices recovered on Tuesday in a “nervous” market attentive to the demand for black gold, which could be seriously affected by possible new confinements.Around 9:35 AM GMT (11:35 AM in Brussels), a barrel of North Sea Brent for delivery in November was worth $41.99 (€35,76) in London, up 1.33% compared to the…
23 Sept. 2020-LAUNCESTON: China’s rate of storing crude oil slowed for a second month in August, as the massive of surge of imports started to ease in a trend likely to extend in the coming months. The flow of crude into commercial and strategic stockpiles was around 1.1 million barrels per day (bpd), according to…
23 Sept. 2020-Venezuela’s state-run oil company PDVSA has begun loading an Iran flagged large tanker with Venezuelan heavy crude for export, a source with knowledge of the situation said on Tuesday, as ties have deepened between the two OPEC nations. Venezuela and Iran are under sanctions imposed by the United States, hurting their oil industries…
23 Sept. 2020-Saudi Arabia’s energy minister is keeping his options open while the recovery in oil prices splutters, setting up a potentially volatile period ahead.Crude prices tumbled at the start of September after traders grew nervous that further potential lockdowns to slow the spread of coronavirus could fracture a fragile recovery in consumption. But Prince…
English
Arabic
Chinese (Simplified)
Gujarati
Hindi
Marathi
Persian