Moderation in R-LNG prices will improve the profitability for urea players: ICRA
R-LNG (Regasified Liquified Natural Gas) prices are expected to moderate given the forecast of a warmer winter in the Northern hemisphere, falling crude oil …
India to set up gas exchange to ease shift from oil: Prime Minister Modi
India is working to establish a natural gas trading exchange, Prime Minister Narendra Modi said last week, as part of a shift away from a reliance on crude oil …
Egypt’s Zohr Gas Field boosts production six-fold
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister …
Russia’s huge natural gas pipeline to China nearing completion
Gazprom’s Power of Siberia natural gas pipeline from Russia to China is 93 per cent complete, the Russian gas giant said in an update on its major …
Asian demand could create deficit in global LNG market, says Fitch
Growing gas demand from Asia, particularly from China, could swing the liquefied natural gas (LNG) market into a deficit by 2022-2025, Fitch Ratings said in a …
Diesel guzzler Indian Railways planning to turn to natural gas to cut cost
Indian Railways has signed a preliminary deal with gas firm GAIL (India) Ltd to use natural gas in some of its operations, part of a drive by the …
After India, Bangladesh discovers natural gas in the Bay of Bengal
South Korean conglomerate Daewoo has made a natural gas discovery in Block D-12 in the Bay of Bengal in Bangladesh, adjacent to Myanmar’s Block AD 7, in a …
India’s crude oil output down by 5.4 per cent in July 2018
India’s crude oil production in July 2018 fell by 5.4 per cent from a year earlier to 2.90 million tonnes, while natural gas output was down by 5 per …
India to launch second oil, gas field auction next week
The government of India plans to launch the auction of 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) on …
India approves uniform licensing policy for oil, gas exploration; natural gas output may double in four years
The Indian cabinet has allowed oil and gas producers to explore for shale oil and gas and coal bed methane under the existing contracts, a move aimed at …