ISTANBUL: Turkey’s Fatih vessel has begun drilling for oil and natural gas in the Black Sea for the first time, Energy Minister Fatih Donmez said on Monday. Donmez said on Twitter that the ship began drilling in the Tuna-1 region. Fatih was located some 100 nautical miles north of Turkey’s Black Sea coastal province Zonguldak,…
Researchers from the University of Hyderabad (UoH), the National Institute of Oceanography (NIO) and the Oil and Natural Gas Corporation (ONGC) have discovered a geological faultline that could trigger a major coastal hazardous event in and around Visakhapatnam. The research team, comprising Prof K.S. Krishna and Dr M. Ismaiel from UoH, Dr K. Srinivas from…
The Malacca Strait one of the most congested waterways in the world. Reports say around 75,000 ships pass through the Strait.The India-US drills on the high seas is a move to deter China. In fact, naval power could be India’s answer to Chinese aggression. The exercises help New Delhi to only project its power but,…
India and the United States have signed a Memorandum of Understanding to develop a strategic petroleum reserve, as talks between the two countries towards allowing India to create a stockpile of oil and house it in US facilities reached an advanced stage, according to Union Minister of Petroleum and Natural Gas Dharmendra Pradhan. The minister…
NEW DELHI: Refinery run rates are falling again after nearing pre-Covid levels, which may reduce crude oil imports as local lockdowns, monsoon and record prices hit demand. Average capacity utilisation at Indian Oil Corp NSE 1.61 %, India’s largest refiner, has declined from 94% to 85% in a week, as domestic demand recovery stalled in…
Nuclear Power Corporation of India, Antrix Corporation and PowerGrid will be among a small handful of state-owned companies to continue to enjoy immunity from privatisation under the government’s new, explicit privatisation policy. Others, including the PSU biggies in the energy, engineering and capital equipment sectors, not to mention those in non-strategic sectors like hotel and…
Nigeria’s flagship bonny light lost some ground at the last trading session, as concerns about the rise in COVID-19 cases raised bearish sentiments that the world’s energy demand will falter as major oil-producing countries including Nigeria get ready to increase in output for next month. On Saturday, the world’s biggest economy’s COVID-19 related deaths exceeded…
On Friday, both US and UK crude oil futures’ prices scheduled to be expired on July 20 had winded down the day marginally lower as fears over another round of forced business closure due to a recent spike in pandemic cases had taken a heavier toll on investors’ mind. In point of fact, contemplating the…
BAKU – Azerbaijan warned on Saturday about security risks to the oil and gas it supplies to European markets due to the outbreak of hostilities at its border with Armenia. Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil…
The media — at least in Europe — seems to be abuzz with talk about green hydrogen. As an energy source, backers envision hydrogen powering everything from aircraft, to steel mills, to global shipping fleets, cars, and homes. The catalyst (no pun intended) came from the E.U.’s recent greenhouse gas emission policy review. The review…
English
Arabic
Chinese (Simplified)
Gujarati
Hindi
Marathi
Persian