The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.
Tag: Crude Oil
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Gas, crude oil output dip
The country’s natural gas output has fallen for the 17th straight month in April by 11.3 per cent year-on-year. Crude oil production, too, dipped 1.3 per cent.
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More oil from Bahrain
Bahrain plans to augment the export of crude oil and finished products to India. In return, the country plans to benefit from the expertise of Indian manpower in the oil and gas sector.
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Petrobras to increase exports to India
Brazilian national oil exploration firm Petrobras is in negotiations to increase crude oil exports to Indian refineries. Increasing export quantities to India would depend on negotiations.
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India seeks more oil and gas from Qatar
India has sought additional quantities of crude oil and LNG from Qatar. Currently, India has a long-term contract for importing 7.5 million tonne per annum of LNG from Qatar at Petronet LNG's Dahej terminal.
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Crude oil production up
India’s crude oil production rose by 1.6 per cent in August to 3.24 million tonne as higher output from Cairn India operated Rajasthan fields offset the decline at the state oil and gas explorer ONGC’s assets. Cairn’s Rajasthan oilfields produced 542,000 tonne, 1.8 percent more than August 2010. On the other hand, ONGC saw a decline in output by 1.1 percent to 2.03 million tonne.
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Punj Lloyd bags Rs 3.3 bn order
Punj Lloyd Group won an order worth Rs 330 crore for process facilities and utilities at an upcoming crude oil storage cavern in Mangalore, Karnataka.
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Subsidy policy to hit OMCs
Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
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Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
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Govt monitoring crude oil prices: Mukherjee
Expressing concern over the rise in crude oil prices in international markets due to turmoil in the Middle East, Finance Minister Pranab Mukherjee said the government is monitoring the situation and will manage it.