December 14, 2020 - Page 4 of 4

11 DEC – U.S. crude stocks soar 15 mln bbls amid record surge in net imports -EIA

INTERNATIONAL NEWSBy admin December 14, 2020 Leave a comment

U.S. crude oil stockpiles last week surged the most since April, jumping more than 15 million barrels, as imports rose and exports plunged, the Energy Information Administration said on Wednesday. The unexpected supply build and record rise in net imports stunned the oil market, which has been weighed down by low demand due to…

11 DEC – EU to approve sanctions over Turkish gas drilling – draft statement

EXPLORATION NEWSBy admin December 14, 2020 Leave a comment

BRUSSELS, European Union leaders are set to agree sanctions on Turkish individuals on Thursday over a energy exploration dispute with Greece and Cyprus, but will postpone any harsher steps until March, according to a new draft summit statement. Shying away from a threat made in October to consider wider economic measures, EU…

11 DEC – Trump admin revives oil leasing in California despite opposition

EXPLORATION NEWSBy admin December 14, 2020 Leave a comment

The Trump administration on Thursday will hold a sale of oil and gas leases on federal land in California for the first time in eight years despite widespread opposition to the auction in the Democratic state, including from its governor. The U.S. Bureau of Land Management will offer seven parcels covering 4,100…

11 DEC – Stay on environmental clearance accorded to Oil India

NATIONAL NEWSBy admin December 14, 2020 Leave a comment

Gauhati High Court has stayed the environmental clearance accorded to energy major Oil India Limited for exploration and drilling for hydrocarbons at seven locations in Dibru Saikhowa National Park spread over Dibrugarh and Tinsukia districts in Upper Assam. Acting on a public interest litigation plea filed by advocate Mrinmoy Khataniar and mountaineer…

11 DEC – Clean energy is critical; important for India to get into cutting edge technology: Amitabh Kant

NATIONAL NEWSBy admin December 14, 2020 Leave a comment

New Delhi: Niti Aayog CEO Amitabh Kant on Wednesday said clean energy is critical for India and it is important for the country to get into cutting-edge technology. Addressing a virtual book launch event organised by the Observer Research Foundation, Kant said India in the long run must become a manufacturer of solar…

11 DEC – IndianOil, DBT and LanzaTech pioneer Technology to convert CO2 to Bio-Diesel and Omega-3 Fatty Acids

NATIONAL NEWSBy admin December 14, 2020 Leave a comment

Kolkata, Dec 10: IndianOil and LanzaTech (USA) jointly hosted a virtual global media meet on the theme “Circular Economy Vision ? CO2 Valorization” to share details about the collaboration of two companies for a CO2 project and related vision of the future, where carbon turns from liability to a sustainable opportunity for all.…

11 DEC – Throughput at IOC refineries rises to 100% in Nov on growing demand

NATIONAL NEWSBy admin December 14, 2020 Leave a comment

State run refiner Indian Oil Corporation (IOC) on Thursday said crude oil throughput at its refineries rose to 100 per cent in November, with demand for petroleum products now close to pre-Covid levels. “Consumption of all petroleum products has almost reached pre-Covid levels,” IOC said in its statement. It added, IOC’s refining utilisation…

Daily Archives: December 14, 2020

11 DEC – U.S. crude stocks soar 15 mln bbls amid record surge in net imports -EIA

11 DEC – EU to approve sanctions over Turkish gas drilling – draft statement

11 DEC – Trump admin revives oil leasing in California despite opposition

11 DEC – Stay on environmental clearance accorded to Oil India

11 DEC – Clean energy is critical; important for India to get into cutting edge technology: Amitabh Kant

11 DEC – IndianOil, DBT and LanzaTech pioneer Technology to convert CO2 to Bio-Diesel and Omega-3 Fatty Acids

11 DEC – Throughput at IOC refineries rises to 100% in Nov on growing demand