GAIL (India) and Gujarat State Petronet ltd (GSPL) are at loggerheads over who should transport natural gas from ONGC’s KG basin fields. Both companies have filed applications before the sector regulator seeking authorisation to lay pipeline and argued their case.
Canadian light oil producers will drill more wells than previously expected this year as the sector benefits from investors transferring capital out of the oil sands, the Petroleum Services Association of Canada said on Monday
The National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports today in an alternative proposal claimed that the government can achieve its electricity generation target with a lesser amount of investment.
Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said on Tuesday.
Oil and gas will remain central to the world’s supply of energy for decades to come, the chief executive of giant producer Saudi Aramco said today, urging market players to ensure energy security by bolstering faltering investment.
Lauding the Ministry of Petroleum and Natural Gas over the launch of the Open Acreage Licensing Policy (OALP) and National Data Repository (NDR), the Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday said these initiatives are set to give India’s oil and gas exploration a big push.
Russian gas producer Novatek aims to topple Qatar as the world’s biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector.