Gas industry
ONGC, the state-run Oil and Natural Gas Corporation, has decided to permit Gas Authority of India Ltd (GAIL) to market natural gas from its C-series field off the western coast, after earlier considering maintaining control over the investment of over INR 3,000 crore. According to a senior official from
Gas industry
Trading in the RTS (standard) at 18:45 MSK on 06.12.2010 showed significant activity across various companies. Gazprom was the most heavily traded stock, with over 3.7 billion shares changing hands, accounting for nearly 40% of the total trading volume. Other notable companies with high trading volumes
Gas industry
Russia's trading system, RTS, is expanding the list of shares traded in RTS Standard deals with new quotations for 11 companies, including Aeroflot, Inter RAO UES, and Gazprom Neft, as of December 6. This move aims to provide investors with a broader range of options, increasing liquidity and
Gas industry
Fiat is poised to make a comeback in the US market after nearly three decades of absence, and it's not just about selling compact cars like the Fiat 500. The Italian automaker is also focused on introducing natural gas engines to the US market, a move that Sergio
Gas industry
Bharat Petro Resources, a wholly owned subsidiary of Bharat Petroleum Corporation, has made a significant gas discovery in the Rovuma Basin, Area 1, offshore Mozambique. The Lagosta exploration well, currently under drilling at a depth of 4221 meters, has encountered a total of more than 168 net feet of natural
Gas industry
In a move to ensure a steady supply of natural gas during the winter peak season, China National Petroleum Corp.'s Tarim oilfield has increased its production and processing capacity of natural gas in the Xinjiang Uygur Autonomous Region. The Dina-2 gasfield, the largest gas production site of PetroChina&
Gas industry
The U.S. Department of Energy announced a nearly $50 million conditional loan commitment to The Vehicle Production Group LLC (VPG) to support the development of the six-passenger MV-1, a factory-built wheelchair accessible vehicle that runs on compressed natural gas. The vehicle will be produced at the Mishawaka, Indiana AM
Gas industry
The Asian Development Bank (ADB) has approved a loan for the second phase of the Municipal Natural Gas Infrastructure Development Project, which will enable China Gas Holdings Limited to expand its natural gas distribution coverage into smaller cities in central and western China. This move aligns with the Chinese government&
Gas industry
The world's primary unconventional oil and gas resources are oil sands, shale gas, oil shale, and coalbed methane (CBM), which are extracted, processed, and refined differently from conventional resources. These resources are challenging to extract, expensive to refine, and have a significant environmental impact. Sustained high oil and
Petroleum industry
A global freight forwarding company, Panalpina World Transport (Holding) Ltd., and five oil and gas service companies and subsidiaries have agreed to resolve investigations of Foreign Corrupt Practices Act (FCPA) violations, with a total of $156,565,000 in criminal penalties. The investigations, led by the Department of Justice and
Petroleum industry
The Queensland coal seam gas industry is bracing itself for a significant challenge in finding skilled workers to support its future growth, according to a recent report by Construction Skills Queensland (CSQ) and Energy Skills Queensland. The report emphasizes the need for 9,200 workers to build the current projects
Petroleum industry
Bharat Petroleum Corp Ltd (BPCL), a state-owned energy company, has made a significant natural gas discovery in a block off Mozambique. This second discovery, following the Windjammer find, indicates a substantial amount of natural gas resources in the Rovuma Basin, Area-1. The exploration well Barquentine, drilled to a depth of
