October 27, 2020 - Petroleumbazaar

Did not expect a renewed oil-price collapse as seen in the second quarter, says OPEC secretary

INTERNATIONAL NEWSBy admin October 27, 2020 Leave a comment

OPEC’s secretary general said on Monday OPEC+ producers did not expect a renewed oil-price collapse as seen in the second quarter, and said producers in the OPEC+ alliance would continue to “stay the course” in balancing the market. OPEC’s Mohammad Barkindo was giving a speech at the virtual India Energy Forum by CERAWeek.OPEC+…

BP evacuating staff from offshore Gulf of Mexico oil platforms as Tropical Storm brews

EXPLORATION NEWSBy admin October 27, 2020 Leave a comment

HOUSTON: BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities as Tropical Storm Zeta sprang up in the Caribbean Sea. The 27th named storm of this year’s Atlantic Hurricane season, Zeta strengthened on Sunday and is forecast to become a hurricane…

Govt mulls extending soft loans to grain-based distilleries for raising ethanol production capacity

NATIONAL NEWSBy admin October 27, 2020 Leave a comment

New Delhi: To boost ethanol production in the country, the government is considering extending subsidised loans to grain-based distilleries also under the ongoing scheme, according to government sources. The sources said both the petroleum and food ministries are of the view that ethanol production cannot be dependent on one feedstock, that is,…

BP wants bigger pie of India fuel market, bats for natural gas under GST

UncategorizedBy admin October 27, 2020 Leave a comment

Addressing the India Energy Forum meet by CER AWeek, the company’s chief executive officer Bernard Looney said, “GST has been a very welcome federal initiative to ease trade in India. We believe it would make sense to incorporate gas in that.” At present, petrol, diesel, jet fuel, crude oil and natural gas fall…

PM Narendra Modi interacts with CEOs of leading oil & gas companies