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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.

Russia stops gas supply to Poland
April 27, 2022
Source: GB News

Russia stops gas supply to Poland

Poland claims it will not need to draw on its reserves and that its storage is 76 per cent full

RIL to auction 12 mmscmd gas from MJ Field
April 25, 2022
Source: Energy World

RIL to auction 12 mmscmd gas from MJ Field

“RIL’s deep-water field gas will come on stream this fiscal. We are planning to bid for the same when it comes for auction,” said the senior executive of a company that plans to participate.

Shell in talks with Chinese firms to sell stake in Russian gas project: The Telegraph
April 22, 2022
Source: Energy World

Shell in talks with Chinese firms to sell stake in Russian gas project: The Telegraph

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd, CNPC and Sinopec over its 27.5 per centholding in the Sakhalin-2 liquefied natural gas venture, the British newspaper said.

EU lawmakers seek swift deal on emergency rules to fill gas storage
April 21, 2022
Source: Energy World

EU lawmakers seek swift deal on emergency rules to fill gas storage

EU lawmaker Jerzy Buzek, former Polish prime minister and Parliament's lead lawmaker on the rules, said Parliament's team hoped to start talks with EU countries in two weeks and strike a deal lawmakers could vote on in June.

Democrats cry crocodile tears over high gas prices
April 7, 2022

Democrats cry crocodile tears over high gas prices

Democrats are so nervous about November's election that they just wasted a morning in the House Energy and Commerce Committee trying to scapegoat the oil industry for the high price of gasoline.

Norway could offer Europe a significant gas boost
March 9, 2022
Source: Upstream

Norway could offer Europe a significant gas boost

Norway could increase gas exports to the continent by between 15 billion and 30 billion cubic metres by end of year

Top Headlines: Biden Will Work Like the Devil to Bring Gas Prices Down
Feb. 21, 2022
Source: Rigzone

Top Headlines: Biden Will Work Like the Devil to Bring Gas Prices Down

During remarks on his administration’s work to lower healthcare costs recently, which were made at Germanna Community College in Virginia, U.S. President Joe Biden said he was going to work like the devil to bring gas prices down.

Mitsubishi, Petronas to exit Myanmar gas
Feb. 21, 2022
Source: I J Global

Mitsubishi, Petronas to exit Myanmar gas

Japanese trading house Mitsubishi has followed suit with its project partner Malaysian state-owned oil and gas company Petronas to step away from a $700 million offshore gas project in Myanmar

Govt gets Rs 914 crore from GAIL as dividend tranche
Feb. 9, 2022
Source: Energy World

Govt gets Rs 914 crore from GAIL as dividend tranche

With this, the total dividend receipts of the government from CPSEs stand at Rs 41,240 crore. New Delhi: The government has received 914 crore from state-owned GAIL as a dividend tranche,

Turkey And Israel Could Work Jointly To Ship Gas To Europe
Feb. 5, 2022
Source: Oil Price

Turkey And Israel Could Work Jointly To Ship Gas To Europe

Turkey is interested in resuming talks with Israel about using Israeli natural gas and transporting it to Europe, Turkish President Recep Tayyip Erdogan said on Friday, as carried by the Daily Sabah news outlet. “We can use Israeli natural gas in our country, and beyond using it, we can also engage in a joint effort on its passage to Europe,

SHELL COMPLETES ACQUISITION OF AUSSIE POWER, GAS RETAILER
Feb. 1, 2022

SHELL COMPLETES ACQUISITION OF AUSSIE POWER, GAS RETAILER

Shell has completed the acquisition of Powershop Australia, an online electricity and gas retailer, it said on February 1. The deal was announced in November last year. The transaction has taken place through the 100% acquisition of Meridian Energy Australia Group (MEA), the parent company of Powershop, by a consortium of Shell and Infrastructure Capital Group (IGC),

"Buy Oil And Natural Gas Corporation, target price Rs 176: Chandan Taparia "
Jan. 31, 2022

"Buy Oil And Natural Gas Corporation, target price Rs 176: Chandan Taparia "

"Chandan Taparia of Motilal Oswal Securities has buy call on Oil And Natural Gas Corporation with a target price of Rs 176. The current market price of Oil And Natural Gas Corporation Ltd. is Rs 168.95 Time period given by analyst is Intra Day when Oil And Natural Gas Corporation Ltd. price can reach defined target.

Gas markets expected to remain tight for next two years following surge in prices in 2021: EnergyQuest
Jan. 19, 2022
Source: Upstream

Gas markets expected to remain tight for next two years following surge in prices in 2021: EnergyQuest

Gas prices rose to record highs in many regions in 2021 as gas demand outpaced supply, according to new analysis from Australian consultancy EnergyQuest, with the market expected to remain tight through 2022. Looking back at 2021 in its monthly market report, EnergyQuest noted Chinese liquefied natural gas demand last year was 21% higher than 2020, while it cited International Energy Agency data showing gas demand in European OECD nations grew 8% in the nine months to September.

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