November 20, 2020 - Page 4 of 4

18 NOV – Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

INTERNATIONAL NEWSBy admin November 20, 2020 Leave a comment

Saudi Arabia called on fellow OPEC+ members on Tuesday to be flexible in responding to oil market needs as it builds the case for a tighter oil production policy in 2021 to tackle weaker demand amid a new wave of the coronavirus pandemic. OPEC+, which groups the Organization of the Petroleum Exporting Countries, Russia…

18 NOV – Saudi oil minister- Market too fluid for policy advice

INTERNATIONAL NEWSBy admin November 20, 2020 Leave a comment

The oil market is too fluid to allow for any decisions on Opec+ policy beyond the end of this year to be made now, Saudi Arabia’s oil minister Prince Abdulaziz bin Salman said today. Speaking on semi-official Asharq TV after a meeting of the Opec+ Joint Ministerial Monitoring Committee (JMMC) that ended without an…

18 NOV – Study reveals how to improve natural gas production in shale

EXPLORATION NEWSBy admin November 20, 2020 Leave a comment

A new hydrocarbon study contradicts conventional wisdom about how methane is trapped in rock, revealing a new strategy to more easily access the valuable energy resource. “The most challenging issue facing the shale energy industry is the very low hydrocarbon recovery rates- less than 10 percent for oil and 20 percent for gas. Our…

18 NOV – Colombia to sign contracts with Canadian companies for four oil blocks

EXPLORATION NEWSBy admin November 20, 2020 Leave a comment

BOGOTA- Colombia will sign contracts with two Canadian oil and gas companies for four onshore blocks after no counteroffers were made during the Andean country’s most recent energy auction, the national hydrocarbons agency (ANH) said on Tuesday. CNE Oil & Gas, a subsidiary of Canacol Energy Ltd, and the Colombian arm of Parex Resources…

18 NOV – ONGC signs contract for 7 blocks, OIL 4 blocks

EXPLORATION NEWSBy admin November 20, 2020 Leave a comment

NEW DELHI- State-owned Oil and Natural Gas Corp (ONGC) on Tuesday signed contracts for seven oil and gas blocks it had won in the latest bid round that saw scant participation from the private sector.Oil India Ltd signed up for the remaining four blocks awarded under the fifth bid round of Open Acreage Licensing…

18 NOV – ONGC to put Bengal on oil map

NATIONAL NEWSBy admin November 20, 2020 Leave a comment

The commercial production of gas from ONGC’s Ashoknagar block is expected to begin soon, bringing Bengal on to the energy map of the country, petroleum minister Dharmendra Pradhan said on Tuesday.He said “ONGC is moving towards commercial production from its block in Bengal which would put it on the oil map of the country”.…

18 NOV – India’s rekindled appetite for West African crude

NATIONAL NEWSBy admin November 20, 2020 Leave a comment

Resurgent demand in India for gasoil, gasoline, LPG and naphtha bodes well for West African crudes, most of which are light sweet and medium sweet, and state-run refiners such as Hindustan Petroleum Corp. and Indian Oil Corp. have been on a buying spree, issuing a number of tenders for December- and January-loading crude. The…

18 NOV – Petroleum minister Pradhan asks domestic cos to tap global majors for tech

NATIONAL NEWSBy admin November 20, 2020 Leave a comment

Petroleum minister Dharmendra Pradhan on Tuesday urged domestic oil and gas producers to rope in international oil majors to bring in new technology to the sector.He was addressing the contract signing ceremony of the fifth bid round under the Open Acreage Licensing Policy (OALP). Under the OALP round V, state-run Oil and Natural Gas…

18 NOV – BPCL disinvestment moves to next stage after receiving multiple expressions of interest

NATIONAL NEWSBy admin November 20, 2020 Leave a comment

New Delhi- The strategic disinvestment of Bharat Petroleum Corporation Limited has moved to the second stage after it received multiple expressions of interest, Finance Minister Nirmala Sitharaman said on Monday. “Strategic disinvestment of BPCL progresses- Now moves to the second stage after multiple expressions of interest have been received,” Sitharaman tweeted. Earlier, the Department…

Daily Archives: November 20, 2020