Post Tagged with: "india"

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
Oil & Gas 360® International Update

Oil & Gas 360® International Update

The European Union – New pipelines and production

A new €93 million pipeline linking Ireland to Scotland’s gas network received the green light from regulators this week. The project will be partial funded with €33.7 million of European Union grant …

May 22, 2015 - 12:57 pm International, Oil and Gas 360 Articles, OPEC
Oil & Gas 360® International Update

Oil & Gas 360® International Update

News from around the globe

China plans to spin off pipeline assets into a new company, Iran raises its oil prices by 9%, India attracts bids for a new LNG import facility and Russia is adjusting its mining taxes.

China

May 15, 2015 - 6:51 pm International, Oil and Gas 360 Articles
India Seeks to Expand Energy Relationships

India Seeks to Expand Energy Relationships

India is prioritizing new energy supply

India’s economy has been booming, but the country has struggled to meet growing energy demand. India suffers from chronic energy shortages, with nearly half of all homes receiving no power as many as 12 …

April 23, 2015 - 4:58 pm Canada, International, LNG, Offshore, Oil and Gas 360 Articles
Chinese Oil Demand Could Peak Sooner than Expected – Sinopec Chairman

Chinese Oil Demand Could Peak Sooner than Expected – Sinopec Chairman

Chengyu: Chinese demand for diesel could peak by 2017

Fu Chengyu, Chairman of Chinese oil major China Petroleum & Chemical Corp. (Sinopec, ticker: SNP), said that he expects Chinese oil demand to peak much sooner than many Western companies and …

April 2, 2015 - 5:52 pm International, Oil and Gas 360 Articles
Indian Refiners Diversifying Imports

Indian Refiners Diversifying Imports

Refineries in India are importing oil from more varied sources in order to diversify supply

Indian refineries continue to reduce imports from traditional markets like Saudi Arabia and Iran and have stepped up purchasing from other markets, including Mexico, Iraq …

March 17, 2015 - 5:55 pm Downstream, International, Oil and Gas 360 Articles
Source: Petronas

Australia and India Look to Increase Cooperation in LNG

A memorandum of understanding signed between Woodside and Adani is set to strengthen ties in the LNG sector

Australian energy major Woodside Petroleum Ltd (ticker: WPL) and India’s infrastructure conglomerate Adani Enterprises Ltd (ticker: ADANIENT) signed a memorandum of understanding …

January 12, 2015 - 5:34 pm International, Oil and Gas 360 Articles
India Oil Stocks Up on News of Reduced Subsidy Burdens

India Oil Stocks Up on News of Reduced Subsidy Burdens

India’s oil and gas index up 3.5% from Wednesday

Several of India’s oil companies’ stocks are up today, recovering from sharp falls earlier in the week. The gains made by the companies led to a rally in the country’s energy …

January 9, 2015 - 4:30 pm International, Oil and Gas 360 Articles
Russia and India Strengthen Energy Ties

Russia and India Strengthen Energy Ties

Rosneft and Essar agree on key terms of Russian oil supplies to India

Russia’s upstream producer Rosneft (ticker: RNFTF) and India’s oil refiner Essar signed key terms of oil and oil products supplies to refineries in India, according to a …

December 12, 2014 - 4:14 pm International, Oil and Gas 360 Articles
India and Mexico Sign MoU

India and Mexico Sign MoU

Reliance Industries Limited (ticker: RIL) and the Mexican state owned company, Petroleos Mexicanos (PEMEX) have entered into a Memorandum of Understanding (MOU) regarding cooperation on potential upstream business opportunities in Mexico and the companies will jointly evaluate value added opportunities …

December 8, 2014 - 6:55 pm International, Oil and Gas 360 Articles
Shell Wins Tax Battle in India

Shell Wins Tax Battle in India

Bombay High Court’s decision could make India more attractive to foreign companies

Royal Dutch Shell (ticker: RDS) has won its court case in India over a $2.5 billion lawsuit. The Indian tax authority tried to collect transfer pricing taxes on …

November 20, 2014 - 6:41 pm International, Oil and Gas 360 Articles
An ONGC Asset Manager at Mori Source: ONGC

India Seeks to Increase Natural Gas Production by 75%

India’s ONGC Limited poised to become major international player

India’s Petroleum Ministry has forecast an estimated 75% increase in natural gas production over the next five years, according to a Mining Weekly article. Currently, India’s gas production is around …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Oil Prices? Bearish for Now, but the Bulls are Coming

MS Executive Director Jeremy Friesen Sees Prices Unsustainably Low, As Both Demand And Supply Will Move At These Levels

At the November meeting of the Energy Finance Discussion Group in Denver on Nov. 11, Jeremy Friesen, Commodity Strategist for Morgan …

November 11, 2014 - 6:17 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Coal is Down, but Far From Out

Coal is Down, but Far From Out

Despite shrinking domestic numbers, demand for coal is growing internationally

Recent years have been difficult for the coal industry in the United States. James River Coal Co. (ticker: JRCCQ) laid off a quarter of its workers, and Consol Energy Inc. …

November 11, 2014 - 4:03 pm International, Oil and Gas 360 Articles
With Sanctions Relaxed and Iraq in Turmoil, India Looks Toward Iran for More Crude Oil

With Sanctions Relaxed and Iraq in Turmoil, India Looks Toward Iran for More Crude Oil

India has extended approval by six months, beginning June 28, for two Iranian ship underwriters to provide insurance for container, tanker and bulk vessels calling at Indian ports, the Wall Street Journal reported yesterday. The decision to relax sanctions against …