Demand for natural gas will top other fossil fuels in the long term on the back of rising number of electric vehicles and as new emission standards could see new vessels adopting alternative fuels, according to Goldman Sachs.
French energy group Total said on Sunday it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the Gulf state.
Petroleum and Natural Gas Regulatory Board (PNGRB), India’s downstream oil and gas regulator, has appointed ratings agency CRISIL as consultant to prepare regulations for the planned Natural Gas Trading Exchange.
Half of India will have access to piped natural gas for cooking and driving after the conclusion of the 9th round of city gas licensing in which bids are being sought for 86 geographical areas covering 174 districts, Oil Minister Dharmendra Pradhan has said.
India’s top oil and gas producer has shortlisted Schlumberger, Halliburton and GE subsidiary Baker Hughes for raising output from Kalol field in Gujarat and Geleki field in Assam, according to tender document floated by the company.
PetroVietnam Gas JSC has started up a 10 trillion dong ($439 million) gas processing plant in southern Vietnam to produce liquefied petroleum gas (LPG) to meet the nation’s rising fuel demand.
John Energy, backed by ace investor Rakesh Jhunjhunwala, has received markets regulator Sebi’s go-ahead to raise an estimated Rs 350 crore through an initial public offering.
If you think the rising trend in oil prices is going to stop anytime soon, think otherwise.
Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report.
The Maharashtra Natural Gas Limited (MNGL) has shifted focus to areas in the city civic limits from Pimpri Chinchwad to increase its piped natural gas coverage.