16 Sept 2020-China has supported oil markets with its purchases of record volumes of crude oil in recent months, but it has also imported doubled volumes of fuel blending products, suggesting that the fuel demand recovery in the world’s top oil importer may be more impressive than expected, its top refiner Sinopec said on Tuesday.…
16 Sept 2020-JERUSALEM: Israel’s Petroleum Council gave its approval on Monday for Chevron Corp to take over Noble Energy’s stakes in Israeli natural gas fields, which are a key component in Chevron’s $5 billion acquisition. Chevron agreed in July to buy the Texas-based oil and gas producer, which operates two large offshore gas fields in…
16 Sept 2020-Country’s most prolific Barmer oilfield operated by billionaire Anil Agarwal-led Cairn Oil and Gas has been reduced to operate on temporary permission from the government which has denied full 10-year extension to the company’s production sharing contract claiming higher share of profit petroleum. After prolonged delays, the government had in October 2018 agreed…
16 Sept 2020-New Delhi: India will be the largest source of demand growth for energy by 2050, supermajor BP Plc said on Monday, as it saw an end to the relentless growth of oil globally. In its annual Energy Outlook 2020, BP said global oil consumption may never return to levels seen before the coronavirus…
16 Sept 2020-New Delhi: The National Green Tribunal Tuesday directed the state pollution control boards to ensure scientific disposal of hazardous waste by oil refineries. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel noted that disposal method and quantity is not defined clearly about a category of spent catalysts (Oxide), which is a…
16 Sept 2020-Gandhinagar: The Gujarat Chief Minister Vijay Rupani on Tuesday said Bhavnagar will become the first Compressed Natural Gas (CNG) terminal in the world, as the government has given its sanction to the Rs 1,900 crore brownfield project.The terminal will have a capacity of 15 lakh tons annually. He said the state government has…
16 Sept 20-Sale-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in their Madhya Pradesh joint venture, the Bharat Oman Refineries Ltd (BORL). Government sources said that BORL became a subsidiary of BPCL in March this year and the next step now is to…
15 Sept 20-Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday. “The Ambassador underscored U.S. confidence in the NOC and support for a financial model that would constitute a credible guarantee that oil and gas…
15 Sept 2020-Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept in check by wider concerns about excess supply and falling demand for fuels. U.S. West Texas Intermediate (WTI) crude futures were up 9 cents,…
15 Sept 20-After shocking the oil industry with last week’s extension to a coastal drilling ban offshore Florida, Georgia, and a handful of other states, the Trump Administration said on Monday that is has rejected nearly the vast majority of retroactive biofuel waiver petitions that were pending review, according to a Reuters report. Biofuel waivers…
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