Post Tagged with: "india"

Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

India eyes private investment to open 41 new coal mines

CHN


Oil & Gas Publishers Note: I applaud Prime Minister Modi for standing up for his commitment to the Indian people. Getting the lowest cost power to help elevate the country’s population out of poverty is truly putting his people

Growth in India’s LNG imports will depend on completion of connecting pipelines

Growth in India’s LNG imports will depend on completion of connecting pipelines

EIA


India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased. India’s LNG import capacity more than doubled during the …

May 10, 2020 - 10:22 am International, LNG, Natural Gas Roundup, Pipeline News
Indian refiners forced to issue force majeure notices: GlobalData

Indian refiners forced to issue force majeure notices: GlobalData

Oil&Gas


The lockdown in India has resulted in a sharp drop in fuel demand, forcing refiners to operate at lower capacities

Oil & Gas Publishers Note: Very nice article from Carla Sertin. India has been importing oil from Iran –

Source: Reuters

India plans to fill strategic oil storage by the third week of May

Reuters


NEW DELHI – India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on …

Source: Reuters

U.S., allies working to offset loss of Iranian oil: Mnuchin

Source: Reuters


NEW DELHI (Reuters) – The United States is working with allies to ensure adequate global oil supplies after its sanctions barred nations from buying Iranian crude, U.S. Treasury Secretary Steven Mnuchin said on Friday.

Mnuchin spoke to reporters …

FILE PHOTO: India's Prime Minister Narendra Modi speaks during the 2019 United Nations Climate Action Summit at U.N. headquarters in New York City, New York, U.S., September 23, 2019. REUTERS/Carlo Allegri

India’s Modi says Saudi to invest in India’s downstream oil, gas projects

Reuters


Prime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, a move that would also help the world’s top oil …

October 29, 2019 - 8:35 am Closing Bell Story‎, Downstream, Energy News, International
BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

From Reuters


Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy.

The move comes days after BP said it would …

India’s MRPL Buys its First U.S. Thunder Horse Oil

India’s MRPL Buys its First U.S. Thunder Horse Oil

From Reuters


India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday.

“The price offered was very …

World’s Biggest Election to Offer a Boost to the Oil Market

World’s Biggest Election to Offer a Boost to the Oil Market

From Bloomberg

The largest democratic exercise on Earth is set to give the oil market a shot in the arm.

About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 …

March 7, 2019 - 4:42 pm Closing Bell Story‎, Crude Oil News, Energy News
How One of Venezuela’s Last Oil Buyers May React to Sanctions

How One of Venezuela’s Last Oil Buyers May React to Sanctions

From Bloomberg

After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality crude will react.…

January 29, 2019 - 5:48 pm Closing Bell Story‎, Crude Oil News, Energy News
India’s Iranian Oil Imports Slide in December Under U.S. Pressure

India’s Iranian Oil Imports Slide in December Under U.S. Pressure

From Reuters

India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.

The United States introduced tough sanctions …

January 11, 2019 - 12:14 pm Closing Bell Story‎, Crude Oil News, Energy News
Exhaust fumes blown into a sky.

India Seen Emulating China Growth in LNG Use to Fight Pollution

From Bloomberg

China’s dramatic increase in liquefied natural gas imports over the past two years may have hogged the headlines, but India may well emulate its neighbor in switching to the cleanest and fastest-growing fossil fuel.

As China’s shift to …

December 6, 2018 - 5:15 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
India Calls for Bids to Replace Nearly Half Its Onshore Rig Fleet

India Calls for Bids to Replace Nearly Half Its Onshore Rig Fleet

From Economic Times

India’s state-run explorer looks at replacing nearly half of its ageing 67 onshore drilling rigs, floats tender seeking bids by November 14

New Delhi: Oil and Natural Gas Corp (ONGC) is planning to purchase 27 …

India State-Run Oil Firms Eye U.S. Crude to Replace Iranian Imports

India State-Run Oil Firms Eye U.S. Crude to Replace Iranian Imports

U.S. government on Wednesday asked all countries, including India, to stop oil imports from Iran by 4 November

India meets 80% of its crude demand through imports, is the second-largest buyer of Iranian crude after China

10 million barrels of

June 28, 2018 - 2:35 pm Closing Bell Story‎, Energy News
India Vows to Ignore Sanctions and Continue Iran Imports

India Vows to Ignore Sanctions and Continue Iran Imports

New Delhi only recognizes UN sanctions, foreign minister said

President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers — and a strategic partner of the U.S. — plans on ignoring …

Cove Point Fall Colors, Nov. 2017

Dominion Energy: Cove Point is Producing LNG

First U.S. east coast export facility is expected to enter commercial service in early March

Dominion Energy Cove Point (DECP, ticker: D) has begun producing liquefied natural gas. The company’s newly constructed natural gas liquefaction facility is undergoing commissioning in …

February 1, 2018 - 3:12 pm Closing Bell Story‎, Jobs, LNG, Oil and Gas 360 Articles
Cove Point Fall Colors, Nov. 2017

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Energy News, LNG, Oil and Gas 360 Articles
Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Cove Point LNG Facility Almost at the Finish Line

Introduces feed gas this week: commissioning operations underway

Dominion Energy Cove Point (ticker: D) introduced feed gas into its new LNG facility this week.

The facility has been under design, permitting and construction for the past several years and it …

What’s Next for the Economies of China and India?

What’s Next for the Economies of China and India?

Since 1990, China and India have accounted for 57% of the total increase in world energy consumption

Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …

BP Makes Moves

BP Makes Moves

Out of Azerbaijan, and Into India

A current existing deal between international oil giant BP (ticker: BP) and SOCAR in the Azeri-Chirag-Guneshli (ACG) field is due to expire in 2024.

A new plan will take SOCAR’s stake in the field …

An ONGC Asset Manager at Mori Source: ONGC

India Investing $3 Billion in Iran Gas Field

ONGC Videsh revised its plan to develop Iran’s Farzad-B natural gas block

India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. …

Indian Crude Oil Imports Up 17.7% from Last Year – Hitting Record High

Indian Crude Oil Imports Up 17.7% from Last Year – Hitting Record High

Crude oil imports in India reach 4.47 MMBOPD

Demand for crude oil in India remains a bright spot in the markets as imports continue to grow month-over-month. Imports of crude oil grew to a record high 4.47 MMBOPD in September, …

India May be the Next Frontier for Wildcatters

India May be the Next Frontier for Wildcatters

India offers simpler permits, tax sops and freedom from pricing restrictions to operators who are willing to invest in developing its smaller fields

India is expected to be the next China in terms of demand growth for energy, and now …

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up

Oil Prices Jump Above $46 on Inventory Draw, EIA Revises Demand Up

Crude oil inventories fell 3.4 MMBO during surprise week-over-week draw

Crude oil inventories fell today, giving markets a pleasant surprise, and sending WTI prices up above $46 per barrel.3 month chart wti

Economist expected a small build for the week ended May 6, …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

India’s ONGC to Drill 17 Shale Exploratory Wells

Going after India’s Estimated 63 Tcf of shale gas

From the Business Standard

India’s State-owned Limited is planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an investment of …

Source: Rosneft

China May Buy 19.5% Stake in Rosneft

Sale of major Rosneft stake to CNPC signals strengthening ties between China and Russia

China National Petroleum Corp. Deputy Chief Executive Wang Zhongcai said the company is interested in purchasing a stake in Rosneft, Russia’s state-owned oil company. The sale …

Source: Rosneft Komsomolsk Refinery

The Next China: Oil and Gas Companies in India Deepen Ties with Russia

Indian energy consortium increases shares in Russian oil fields

Russia and India strengthened their ties over the weekend with several agreements which will increase Russia’s share in India’s energy markets and give India a greater share in a number of …

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

Waning Coal Demand in Asia Pushes Global Trade Down for the First Time in 21 Years

Coal loses support as demand in China falters

The global coal trade declined for the first time in 21 years in 2014, and likely contracted further this year as well, according to information from the Energy Information Administration (EIA). The …

The Next Decade’s Oil Demand Growth Story:  U.S. and India Overtake China

The Next Decade’s Oil Demand Growth Story: U.S. and India Overtake China

The U.S. and India will drive oil demand growth in the future – Raymond James

China’s economy has been a demand-growth powerhouse over the course of the last decade as the country’s industrial sector boomed, but China’s role in global …

Source: Gassco Kollsnes

India Expects to Produce 50% More Natural Gas by 2019

ONGC expected to lead gas production growth

India’s oil ministry announced that it expects natural gas output to rise by 50% to 146.87 million cubic meters per day (MMcm/d) by 2018-2019. A

large portion of this new production is expected …

June 3, 2015 - 5:33 pm International, Oil and Gas 360 Articles