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Russian gas? Nein danke, says energy self-sufficient German district
July 26, 2022
Source: Reuters

Russian gas? Nein danke, says energy self-sufficient German district

As Germany scrambles to avert a fuel crisis this winter, one rural district has become a role model for how the country might wean itself off dwindling imports of Russian gas - by producing all the energy that it consumes itself. The western district of Rhein-Hunsrueck uses a combination of solar, wind and biofuel to generate enough power to run its homes, public buildings and businesses, with enough left over to contribute to an electric car-sharing service and e-bikes. "Up until 1995, not a single kilowatt hour of energy used in our district was produced by us. Everything had to be imported," said Frank-Michael Uhle, the district's climate protection manager.

India to set up 3,500 CNG stations in two years: Oil minister Hardeep Puri
July 17, 2022

India to set up 3,500 CNG stations in two years: Oil minister Hardeep Puri

In a bid to boost the natural gas-based economy, Minister of Petroleum and Natural Gas & Housing and Urban Affairs Hardeep Singh Puri dedicated 166 Compressed Natural Gas (CNG) stations to serve the community. The 166 CNG pumps have been set up by GAIL (India) Limited and nine of its group City Gas Distribution (CGD) companies in 41 Geographical Areas (GAs) across 14 states. According to Puri, the CNG stations will incentivise the market of such vehicles and will have a positive impact on manufacturing and employment generation.

Canadians worried about gas prices left without support
June 30, 2022
Source: NDP

Canadians worried about gas prices left without support

Canadians continue to experience significant financial strain as the cost-of-living soars. Seven in ten drivers say they are worried that they won't be able to afford the price of gas this summer. Families are living paycheck to paycheck and young Canadians are struggling because this federal government chose to leave people without the direct support they desperately need to get through the summer.

Time is running out for Africa to profit from its gas, IEA says
June 20, 2022
Source: Reuters

Time is running out for Africa to profit from its gas, IEA says

Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Agency said on Monday. In its Africa Energy outlook for 2022 published on Monday, the IEA Africa could be in a position by the end of the decade to export some 30 billion cubic metres (bcm) to Europe, which is currently hungry for gas because it is trying to reduce its reliance on Russia.

Gazprom says it continues shipping gas to Europe via Ukraine, Friday flows edge down
May 27, 2022
Source: Reuters

Gazprom says it continues shipping gas to Europe via Ukraine, Friday flows edge down

Russian gas producer Gazprom said on Friday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 43.6 million cubic meters (mcm), slightly down from 44.5 mcm on Thursday. An application to supply gas via another major entry point, Sokhranovka, was rejected by Ukraine, Gazprom said.

Shell in talks to sell stake in Sakhalin-II LNG facility to Indian consortium
May 27, 2022

Shell in talks to sell stake in Sakhalin-II LNG facility to Indian consortium

A deal, if executed, is part of Shell’s efforts to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas, and LNG following Russia’s ongoing military conflict with Ukraine that began earlier this year.

Numaligarh Refinery Limited gives 2.5cr to CM's Relief Fund
May 27, 2022
Source: Economics Times

Numaligarh Refinery Limited gives 2.5cr to CM's Relief Fund

The cheque was formally handed over to CM Himanta Biswa Sarma by NRL managing director (in-charge) Bhaskar Jyoti Phukan recently, an NRL release said on Thursday.

Equinor Submits Plan For Halten East Subsea Developments
May 26, 2022
Source: RIGZONE

Equinor Submits Plan For Halten East Subsea Developments

Equinor and Halten East partners Vår Energi, Spirit Energy, and Petoro have decided to invest about $940 million in the development of the area neighboring the Åsgard field in the Norwegian Sea.

Russia has allowed Gas Supplies to Gazprom Germany for 90 days
May 26, 2022
Source: Novinite

Russia has allowed Gas Supplies to Gazprom Germany for 90 days

The Russian government has authorized the temporary lifting of "mirror sanctions" and allowed for 90 days the flow of natural gas supplies from Yamal LNG to Gazprom Marketing & Trading Singapore Ltd, which is part of Gazprom Germany, shows a government decree on Wednesday, Reuters reported.

TechnipFMC scores Equinor contract off Norway
May 26, 2022
Source: Splash 247

TechnipFMC scores Equinor contract off Norway

UK-headquartered offshore contractor TechnipFMC has sealed a significant deal with Norway’s Equinor for the Halten East subsea tieback development on the Norwegian Continental Shelf. The contract, worth in the region of $75m to $250m, covers the manufacture and installation of flowlines and the installation of umbilicals and subsea structures.

Talos Energy on the look out for expansion opportunities
May 25, 2022
Source: Upstream

Talos Energy on the look out for expansion opportunities

Houston-based Talos Energy is looking to increase its oil production and its position in the US Gulf of Mexico, chief executive Tim Duncan told the company's annual investors day on Tuesday. Pointing out the massive scale of the US Gulf and the size of its resource base, Duncan said ample opportunity remains offshore - even as production in the Gulf trails only the prolific onshore Permian basin of west Texas and south-east New Mexico in terms of US Production.

Hunt for a private sector captain to run ONGC begins
May 24, 2022
Source: Economics Times

Hunt for a private sector captain to run ONGC begins

The search-cum-selection committee panel was set up in February to choose a chairman-cum-managing director (CMD) at ONGC and is planning to seek out private sector executives as well, said people familiar with the matter.

Oil prices at $110 per barrel pose 'bigger threats' than inflation, says Hardeep Puri
May 24, 2022
Source: Times of India

Oil prices at $110 per barrel pose 'bigger threats' than inflation, says Hardeep Puri

Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy. "If oil prices remain at $110 (per barrel) you are not just talking about inflation, then you're talking about bigger threats. You know, that's where the R (recession) word comes in," Puri told CNBC TV18 in an interview at Davos.

Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley
May 9, 2022

Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley

A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley

India turns to expensive foreign gas to ease its power supply crunch
May 5, 2022

India turns to expensive foreign gas to ease its power supply crunch

While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy

Russian gas supplies to China soar by 60 pc in 2022
May 4, 2022
Source: Energy World

Russian gas supplies to China soar by 60 pc in 2022

The deliveries have been made through the Power of Siberia pipeline as part of the contract between Gazprom and China National Petroleum Corporation (CNPC), the company said, reported Russia Today.

European leaders blast cutoff of Russian gas as ‘blackmail’
April 28, 2022
Source: Kentucky

European leaders blast cutoff of Russian gas as ‘blackmail’

"European leaders blasted Russia's decision to cut natural gas shipments to Poland and Bulgaria as “blackmail,” saying the cutoff and the Kremlin's warning that it might cease shipments to other countries is a failed attempt to divide the West over its support for Ukraine."

BPCL, HPCL walk away with city gas licenses in latest bid round
April 28, 2022
Source: Energy World

BPCL, HPCL walk away with city gas licenses in latest bid round

GAIL Gas Ltd, a unit of state gas utility GAIL, won the license for the Kodagan, Bastar, Sukma, Bijapur and Dantewada districts in Chhattisgarh.

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