Tag archive for ‘oil’
By Loknath Das On Friday, November 3rd, 2017

ONGC seeking oil assets in other regions amid Iran gas row

India’s ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said More...

By Loknath Das On Monday, October 2nd, 2017

European oil companies plan major carbon capture project in Norway

Three European oil companies will assemble a major carbon storage project in Norway, part of an effort to mitigate rising temperatures. Norway’s Statoil, France’s Total and Anglo-Dutch oil company Royal More...

By Loknath Das On Tuesday, August 15th, 2017

Saudi Budget Deficit Shrinks Due To Higher Oil Prices

Riyadh: Saudi Arabia’s state budget deficit shrank by a fifth in the second quarter from a year earlier as revenues rose moderately on the back of higher oil prices. The deficit dropped to 46.5 billion riyals More...

By admin On Wednesday, July 12th, 2017

Want a Change in Career? Here’s Why the Oil and Gas Industry is For You

Whether you’re about to graduate from college or you just want a change in career, it’s a good idea to explore different sectors. While it can be scary to step outside your comfort zone, it’s always worth More...

By Loknath Das On Thursday, May 18th, 2017

Petrol, Diesel Prices Cut Sharply On Lower Global Oil Rates

Petrol price was lowered by Rs. 2.16 per litre while diesel rate was cut by Rs. 2.10 per litre on Monday. Revised rates will take effect from midnight, Indian Oil Corp. – the country’s largest fuel More...

By admin On Wednesday, March 29th, 2017

How Modular Construction Can Benefit the Oil and Gas Industry

The adoption of modular constructionin the oil and gas industry has been influenced by two major concerns: cost cutting and supply of skilled labor. With the increasing number of projects in remote locations, stick-built More...

By subhadip On Monday, February 13th, 2017

Oil has strengthened, but Singapore banks not out of the woods yet

Stronger global oil prices have yet to benefit the offshore marine sector, whose continued troubles are expected to dominate the narrative this week when Singapore’s three largest banks release their earnings More...

By subhadip On Monday, January 9th, 2017

Oil down 3 percent on concerns over rising Iraqi exports, U.S. output

Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising U.S. output would undermine OPEC’s efforts to curb global oversupply. U.S. crude futures CLc1 were trading at More...

By subhadip On Monday, January 9th, 2017

Banks, oil stocks weigh on Wall St., keep Dow from 20,000

The Dow Jones Industrial Average declined on Monday, retreating from the historic 20,000 mark, weighed down by banks and energy companies, while a gain in technology stocks kept the Nasdaq afloat. Of its 30 components, More...

By subhadip On Thursday, January 5th, 2017

Oil turns up as focus shifts to pledge to cut production over build in stocks

Oil futures on Thursday traded higher, after seesawing throughout much of the session, as investors wrestled with U.S. government data that revealed a drop in weekly crude supplies, but a larger-than-hoped jump More...