Patna: Bihar Chief Minister Nitish Kumar on Monday underscored that there is a huge potential of ethanol production in the state and asked officials to work on promoting ethanol production from sugarcane, maize and agri waste. Making ethanol from sugarcane will promote sugarcane industries in the state, Kumar said. “There is a huge potential…
Dedicating the Kochi-Mangaluru Natural Gas Pipeline to the nation via video conferencing on Tuesday, he said the Government will invest crores of rupees in the oil and gas sector in this decade itself. Stating that the Kochi-Mangaluru pipeline will be a major driver of development in both Kerala and Karnataka, he said India…
SINGAPORE: Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March…
After remaining soft for the better part of 2020 because of the Covid-19 pandemic, crude oil prices have began to inch up and are hovering around $50 per barrel mark.However, experts are of the view that the commodity will be volatile this year and its movement will be determined by the vaccine rollout and…
SINGAPORE: Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic meters per day, as of Jan. 3, in order to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said. This will put on track an annual…
Along with its biggest anchor, oil and gas, the city is also home to a deep bench of aerospace, health care and Fortune 500 companies. While 2020 wasn’t exactly what anyone expected, Houston’s emergent technology companies are primed to deliver solutions to advance imminent digital transformation in the $3.3 trillion global energy industry as…
Most OPEC+ countries would like to postpone a planned increase in oil output from February due to weakening fuel demand amid new global lockdowns to stop the spread of the coronavirus, three OPEC+ sources said on Monday. OPEC+, a group combining OPEC and allies such as Russia, meets later on Monday after a meeting…
LONDON/DUBAI/MOSCOW -OPEC+ will resume talks on Tuesday after reaching a deadlock over February oil output levels as Saudi Arabia argued against pumping more due to new lockdowns while Russia led calls for higher production citing recovering demand. The unusual decision to push negotiations into a second day was taken after a three-hour debate…
The Trump administration on Monday finalized plans to open more than 80 percent of Alaska’s National Petroleum Reserve (NPRA) to oil drilling, pushing ahead over objections from environmentalists who have already challenged the plans in court. The decision from the Bureau of Land Management (BLM) opens more than 18 million acres…
Mozambique’s jihadist violence has forced the French energy firm Total to suspend work at its multibillion-dollar liquefied natural gas project in the country’s northern Cabo Delgado province. After the rebels’ Jan. 1 attack on Quitunda village, just outside the fence of the gas project, the company removed most of its workforce, estimated at…
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