October 28, 2020 - Petroleumbazaar

28 October – UAE’s ADNOC explores more crude storage in Indian strategic oil reserves

NATIONAL NEWSBy admin October 28, 2020 Leave a comment

New Delhi, UAE’s largest oil producer, the Abu Dhabi National Oil Company (ADNOC) on Tuesday said that it is interested in storing more oil in India’s strategic petroleum reserves to boost energy ties with world’s third largest oil consumer. ADNOC is the only overseas company so far that has crude stored in Indian caverns.…

28 October – US sanctions ‘key actors’ in Iran’s oil sector

INTERNATIONAL NEWSBy admin October 28, 2020 Leave a comment

The US has imposed fresh sanctions against the Iranian oil sector, for their “financial support” to Tehran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF), according to the Treasury Department. In a statement on Monday, the Department that said its Office of Foreign Assets Control (OFAC) has imposed the sanctions against the Iranian Ministry of Petroleum,…

28 October – Oil traders braced for balancing act in wake of US election

INTERNATIONAL NEWSBy admin October 28, 2020 Leave a comment

The US presidential election looks like a binary choice for the energy sector- an incumbent who has championed the fossil fuels industry or a challenger who has vowed to overhaul the world’s largest economy to meet the threat posed by climate change. Yet oil traders are increasingly cautious about casting US president Donald Trump…

28 October – OPEC+ set for a three-month output rollover

INTERNATIONAL NEWSBy admin October 28, 2020 Leave a comment

Saudi Arabia and Russia will probably agree to extend their oil production cuts and postpone planned increases when they meet for talks with their OPEC+ partners at the end of November. For tactical reasons, both countries are trying to avoid committing to a rollover until the meeting is closer, seeking to keep their options…

28 October -ONGC is open to partner for exploration acreages under Acreage Licensing Policy

EXPLORATION NEWSBy admin October 28, 2020 Leave a comment

New Delhi- Oil and Natural Gas Corporation Limited (ONGC) the biggest public sector commercial organization in India with a current market capitalization of about USD 60 billion is open to partnerships for exploration acreages under the new Open Acreage Licensing Policy to monetize Oil & Gas assets quickly with the latest technology. ‘One of our…

28 October – Petrobangla’s offshore exploration deal with ONGC renewed again

EXPLORATION NEWSBy admin October 28, 2020 Leave a comment

The state-run Petrobangla has extended the tenure of contract with India’s oil and gas exploration company — ONGC Videsh Ltd — by two more years until February 2023.The deal with the Indian firm was set to expire in February 2021 after an initial two-year extension. Earlier, the Petrobangla signed two production sharing contracts (PSCs)…

28 October -How ExxonMobil is helping unlock LNG’s potential for India

NATIONAL NEWSBy admin October 28, 2020 Leave a comment

India’s transformation on the world energy stage is a study in speed and scale. The country’s population of 1.3bn is expected to grow to over 1.5bn this decade, overtaking China as the world’s most populous nation. Not only will there be more Indians, but Indians will be doing more as the nation’s economy harnesses…

28 October – Al Kaabi- LNG is ideal fuel for India

NATIONAL NEWSBy admin October 28, 2020 Leave a comment

Doha- Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum (QP), H E Saad Sherida Al Kaabi, took part in a virtual interaction session with Prime Minister of India, Narendra Modi, for a discussion of various aspects of India’s energy sector. The session, which was held on the sidelines of…

28 October – UAE’s ADNOC explores more crude storage in Indian strategic oil reserves

NATIONAL NEWSBy admin October 28, 2020 Leave a comment

Daily Archives: October 28, 2020