Ahmedabad: Higher volatility and a recent uptrend in the price of natural gas have left Industries in Gujarat concerned about Cost pressureAccording to the Union Ministry of Petroleum and Natural Gas, the price of natural gas has increased by 8%, from 7.5 million British Thermal Units (MMBTU) in August last year to 8.51 MMBTU in […]
(Bloomberg) — Sinopec, China’s largest oil refiner, reported a slight increase in first-half profit as better performance at its upstream operations offset weakness in refining and petrochemicals. Net profit for the first six months was 35.7 billion yuan ($5 billion), up 1.7 percent from a year earlier, according to a stock exchange statement on Sunday. […]
(Reuters) – British independent oil producer Viaro Energy said on Tuesday it would buy Shell and Exxon Mobil’s assets in Britain’s southern North Sea. Reuters reported on the negotiations in May, citing sources. One of these sources said the value of the transaction could be $500 million. Viaro said the company would take full ownership […]
By Henning Gloystein SINGAPORE (Reuters) – ExxonMobil assesses the damage to its natural gas export project in Papua New Guinea after a strong earthquake forced the company to cease production. Here are five facts about one of the world’s most remote and demanding liquefied natural gas (LNG) and condensate production and export facilities. REMOVED The […]
By Curtis Williams and Mayela Armas HOUSTON/CARACAS (Reuters) – British oil and gas producer BP, Venezuela’s state-owned oil company PDVSA and Trinidad and Tobago’s National Gas Company are accelerating negotiations on a Venezuelan license to develop natural gas reserves in the Caribbean Sea, four people familiar with the matter said. Last year, the companies resumed […]
The CEO of Richmond International Airport is proposing a government monopoly on fuel and maintenance services by 2026. The move would likely harm the facility, its passengers and general aviation by driving up costs and degrading service quality. As an airline pilot and active member of the local aviation community, I strongly oppose making the […]
JACKSON, Mississippi (WLBT) – Atmos Energy technicians repair a gas leak along Earle Street a day after a natural gas line was damaged. Bobby Morgan, vice president of public affairs for Atmos’ Mississippi division, said the line was cut Thursday evening by a construction crew working near the 550 block. He said the crew did […]
By Alex Kimani – August 23, 2024, 11:00 a.m. CDT OMV announced on Friday the discovery of a large natural gas deposit off the coast of Norway. OMV estimates the total recoverable natural gas volume to be up to 140 million barrels of oil equivalent (boe). In March, the Norwegian oil company […]
Natural gas pipeline CenterPoint Energy has faced heavy criticism for its handling of power distribution after Hurricane Beryl, raising doubts about its other mission: transporting natural gas. “Most of the underground lines here in Houston have been there for more than five decades,” said Ed Hirs, an energy expert at the University of Houston. “They […]
Mexico’s hydrocarbon regulator on Thursday, August 22, 2024, approved a request by state-owned energy company Pemex to expand a natural gas project in the Gulf of Mexico that requires additional investment of just over $400 million, Reuters reports. The Lakach field is being celebrated as a potential gateway to a new gas front in the […]
