Tag archive for ‘oil’
By Loknath Das On Tuesday, May 15th, 2018

Oil and gas companies don’t want “oil” or “gas” in their names

Oil companies are seeking a cleaner image. (Reuters/Lucy Nicholson) Today, Norwegian oil giant Statoil will officially rebrand as Equinor. Why? “A name with ‘oil’ as a component would increasingly be a disadvantage. More...

By Loknath Das On Monday, May 7th, 2018

Oil prices reach highest since November 2014 at over $70 per barrel

US oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already More...

By Loknath Das On Monday, April 30th, 2018

NAFTA 2.0: ISDS Supports U.S. Oil, Natural Gas, And Electricity Companies

(L-R) Mexican Economy Minister Idelfonso Guajardo, Canadian Minister of Foreign Affairs, Chrystia Freeland and US Trade Representative Robert Lighthizer pose for pictures before giving a message to the media More...

By Loknath Das On Monday, March 26th, 2018

Hiranandani family to invest Rs 3,500 crore in oil and gas projects

Niranjan Hiranandani’s family is investing around Rs3,500 crore to build liquified natural gas (LNG) terminals in Maharashtra and West Bengal, in a diversification for the Mumbai-based developer who built the More...

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...