WRAPUP 3-Energy crunch stokes inflation, economic recovery concerns
* Oil rises towards $84/barrel, close to three-year high (Updates with further detail on Indian coal and power, adds Japan electricity price spike)
Carl Icahn-backed CVR Energy says interim CFO to be made permanent
Carl Icahn-backed CVR Energy said on Tuesday its interim Chief Financial Officer Dane Neumann would permanently transition to the role.
WRAPUP 2-Energy crunch stokes inflation, economic recovery fears
* Oil rises towards $84/barrel, close to three-year high (Adds details on China, India measures; Gazprom using stockpiles)
UPDATE 2-Equinor's Castberg Arctic oilfield faces delay, cost overrun
* Pandemic main reason for delay, cost overrun -Equinor (Adds detail, Equinor statement, bullet points)
Russia says Gazprom has begun using gas stockpiles to stabilise market
Russian energy giant Gazprom has started using its inventories to pump more natural gas into the pipeline network to stabilise surging prices, a Russian official said on Tuesday.
Equinor's Castberg Arctic oilfield faces delay, cost overrun
Equinor's Johan Castberg Arctic oilfield will cost 10.7% more to develop than expected a year ago, and will start production later than expected, primarily due to the pandemic, the Norwegian government's fiscal budget showed on Tuesday.
Freeport Indonesia breaks ground on $3 billion copper smelter
American mining giant Freeport McMoRan broke ground on Tuesday in construction of one of the world's biggest copper smelters near its existing refining operations in Indonesia.
Global carbon capture projects surge 50% in 9 months -research
Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warming by mid-century https://www.reuters.com/technology/sunrise-or-another-false-dawn-technology-bury-emissions-2021-08-11, a think tank said on Tuesday.
Indian shares slip from record highs as IT firms drag ahead of earnings
Indian shares fell on Tuesday after hitting record highs in the previous session as IT stocks lost ground ahead of quarterly results, while weak global cues over inflation worries and an energy crunch also dampened sentiment.
Oil & Gas News
Finance and Investing
Thursday, October 07, 2021Oil explorers need to raise drilling budgets by 54 percent to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody's Investors Service Inc.
Thursday, October 07, 2021Shell (NYSE: RDS.A) warned that Hurricane Ida in the U.S. Gulf of Mexico is expected to have an aggregate adverse impact of around $400 million on adjusted earnings and cash flow from operations in 3Q.
Friday, October 01, 2021Exxon Mobil Corp. said higher global natural gas prices will increase third-quarter profit by about $700 million, a sum that should help the oil giant reduce its debt pile.
Tuesday, October 12, 2021One of Subsea 7's sustainability priorities is to be the partner of choice for the transition of offshore energy towards a sustainable future.
Monday, October 11, 2021Neptune Energy has funded the supply of 300 shelterbags and 50 sheltersuits to support the homeless in London and Aberdeen.
Thursday, October 07, 2021Chevron, ExxonMobil, JERA, JGC Corp., Mitsubishi Heavy Industries, Santos and SK E&S have banded together to establish the Asia Natural Gas and Energy Association (ANGEA).
Thursday, October 07, 2021Shell has signed deals with two of the UK's leading solar PV developers to support the establishment of new utility-scale solar PV projects in the UK.
Wednesday, October 06, 2021Aberdeen headquartered Xodus has acquired Houston-based data interpretation consultancy Ocean Geo Solutions.
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Oil & Gas
Govt receives 24 bids for 21 blocks offered in latest exploration licensing round
Limited bids in the sixth licensing round means ONGC can win 16 blocks without any contest while it will have to compete with Sun Petrochemicals for three blocks. Oil India too can win the two blocks it has bid for without any contest. The DGH, the oil ministry’s arm that oversees exploration bidding, didn’t say when the winners will be declared.
Fuel price rise pauses after increasing for past seven days
In the national capital, petrol continues to be sold at Rs 104.44 per litre and diesel at Rs 93.17 per litre, the same levels as Monday. In India's financial capital Mumbai, retail rates remained static at Rs 110.41 on Tuesday, the highest across all the four metro cities. Diesel also costs Rs 101.03 for one litre in Mumbai.
Looking forward to working with India to make it energy independent by 2047: ExxonMobil leadership
"The whole world is going through an energy transition now. It has to get cleaner sources of energy because you have to mitigate the problems of climate change," Lavoy said. He added that India is experiencing another energy transition and has to still get affordable, accessible, secure energy in the hands of its population that may sometimes not have electricity.
RIL is metamorphosing again to tap 'new oil'; and that's not data
The essence of Ambani’s venture into telecom and digital services was also captured in the logo of Jio, which to a keen observer symbolises oil. The billions of dollars invested by the company to create Reliance Jio from scratch has paid handsome dividend, with value creation of more than $100 billion.
Sudan admits it owes $100 mn to ONGC Videsh
ONGC Videsh, the overseas arm of the state-run explorer, has been engaged in an arbitration with Sudan for over three years to recover its oil and pipeline construction dues. ONGC and its Chinese and Malaysian partners have already exited the oil blocks 2A and 4 in Sudan at the centre of the dispute.
PMP Infratech, Rati Engineering fined for rigging GAIL tender in 2017-18
The bids of the two firms were submitted from the same IP address, from the premises of PMP Infratech's office at Ahmedabad, with a one-day gap, it said.
Diesel hits Rs 100/litre mark in Kerala, Karnataka
The seventh straight day of price hike pushed fuel rates to a new record high. The price of petrol in Delhi rose to its highest-ever level of Rs 104.44 a litre and Rs 110.41 per litre in Mumbai, the notification showed. In Mumbai, diesel now comes for Rs 101.03 a litre; while in Delhi, it costs Rs 93.17.
Petrol, diesel prices rise for seventh consecutive day; check latest fuel rates here
Petrol and diesel prices were hiked across the country for the seventh consecutive day on October 11. Prices of petrol and diesel rose by Rs 0.30 (at Rs 104.44/litre) and Rs 0.35 (at Rs 93.17/litre) respectively in Delhi today. The petrol price in Mumbai is Rs 110.41/litre (up by Rs 0.29) and diesel cost Rs 101.03/litre (up by Rs 0.37) today.
Petrol, diesel prices hiked for seventh straight day. Here's what it will cost you now
Prices of petrol and diesel rise by Rs 0.30 (at Rs 104.44/litre) and Rs 0.35 (at Rs 93.17/litre) in Delhi today.In Mumbai, petrol is priced at Rs 110.41/litre (up by Rs 0.29) and diesel costs Rs 101.03/litre (up by Rs 0.37) today.
Need to boost biofuel production to reduce dependence on import of crude oil and fuel gases: Nitin Gadkari
While addressing the International Soy Conclave, the union minister stressed that in order to become self-reliant in edible oil production we need to develop Genetically Modified seeds for soybean.
EV charging stations, CNG outlet at petrol pumps before petrol sales: Govt
"While an authorised entity is required to set up its retail outlets for petrol and diesel... the said entity is required to install facilities for at least one new generation alternate fuels like CNG, biofuels, LNG, electric vehicle charging points etc at the proposed retail outlets," the ministry said in an October 5 notice.
Oil ministry assures gas to power plants supplying to Delhi: Power secretary Alok Kumar
Kumar said NTPC has been directed to increase coal stocks equal to national average for Dadri and Jajjhar stations and ensure full availability.The statement comes amid urgent requests by the Delhi government to Prime Minister Narendra Modi seeking his intervention to ensure fuel supply to power plants to avoid mass blackouts.
Petrol, diesel prices hiked for fifth consecutive day; Diesel crosses Rs 100 mark in Mumbai
In Delhi, the petrol price was hiked by 30 paise per litre, taking it to Rs 104.23.
Flagged our concerns on high petrol taxes; up to govt to take decision: RBI Governor
Das, who had earlier flagged the issue publicly for the second consecutive time in as many policy announcements, said that the government has acted on other supply side issues like pulses and edible oils.
Diesel rates in Mumbai not far from Rs 100 per unit, petrol costs 109.54 per litre
In Delhi, the petrol price is at Rs 103.54 per litre with a hike of 30 paise per litre, while the diesel is being sold at Rs 92.12 per litre after an increase of 35 paise per litre.
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And you twisted hymen, but it turns out already fucked. -I spoke with a grin. I began to move smoothly, and Alena lowered her hand to the penis and blindly, awkwardly tried to push me away with her palm.
Company news oil
However, no one else was to be seen. One of the girls went out onto the porch. Sveta inadvertently moved, and she was noticed.Climate change activists wins against big oil companies like Exxon and Shell
I was drawn to the kitchen to drink some water to moisten my dry throat and calm down. The switch flipped. Her lilac slippers plopped into the toilet. She did not close the door. He hid in the hallway, staring intently in the mirror.
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And she herself walks in short shorts. And in the second detachment, the counselor sits in his pants, Nyusha supported her friend. Yes.