ONGC has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields. State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil […]
OIL signs incubation agreement with Hydrogen Fuel related Start-up – EQ Mag Pro
Shri Sushil Ch. Mishra, CMD, Oil India Ltd. briefed that OIL is committed to the development of innovative & path-breaking technologies in the field of clean energy. New Delhi: Oil India Limited (OIL) signed an Incubation Agreement with the Start-up Ohm Clean Tech Private Limited for the Design, Integration, and Development of a 9-M Hydrogen […]
Oil surge turns India’s bonds into most risky in emerging Asia – EQ Mag Pro
India’s sovereign bonds look among the many most susceptible to an oil-price shock amongst emerging debt markets throughout Asia. Yields jumped a median of 10 foundation factors throughout the most important crude spikes in latest historical past, with India’s five-year bond displaying the most constant response, in response to a Bloomberg evaluation of seven such […]
Oil prices could hit $100 as demand outstrips supply, analysts say – EQ Mag Pro
LONDON : Oil prices that rallied 50 percent in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 a barrel, Reuters reported on Wednesday. Though the Omicron coronavirus variant has pushed Covid-19 cases far above peaks hit last […]
IBM, Amazon Web Services Join Forces to Help Oil & Gas Industry Accelerate Energy Transition – EQ Mag Pro
Collaboration Will Bring Together AWS and IBM Open Data for Industries for a Comprehensive OSDU™ Data Solution ABU DHABI, United Arab Emirates : Today at ADIPEC, IBM (NYSE: IBM) and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN) announced the two companies will combine the benefits of IBM Open Data for Industries […]
Leading Oil Producer UAE Says Case For Renewables Never Stronger
The United Arab Emirates, one of the world’s biggest oil producers, said the commercial case for renewable energy has never been stronger. The Middle Eastern country plans to be at the forefront of the transition to greener energy and the fight against climate change even as it boosts oil-production capacity, according to Sultan Al Jaber, […]
How Saudi Arabia can thrive in a world beyond oil
After nearly five years of efforts to diversify the economy away from crude, oil and government spending largely funded from petroleum still account for about Saudi Arabia’s two-thirds of gross domestic product. On the face of it, no country has more to lose from the transition away from fossil fuels than Saudi Arabia. Before the […]
Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap
Norway’s $1.3 trillion wealth fund, the world’s biggest, is handicapped in chasing its environmental, social and governance investment goals by the political process, according to Global SWF. The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according […]
Total adds to renewable gas push with Fonroche acquisition
It gave no financial details for the Fonroche purchase. Total aims to produce 1.5 terawatt-hours of biomethane a year by 2025, the group said in a statement PARIS: French oil group Total said on Monday it had acquired Fonroche Biogaz, a leading producer of renewable gas in France with nearly 500 gigawatt-hours of installed capacity. […]
What the Election Results (So Far) Mean for Climate and Energy Policy
We look at results from key races and what a divided Congress would mean for a Biden presidency, on this week’s Political Climate. Americans are waiting with bated breath for the results of a long and contentious election. At the time of publication, former Democratic Vice President Joe Biden looks poised to take the White […]