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OIL AND GAS INDUSTRY
In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...- Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reservesThe United States has reached an agreement with Venezuela concerning oil reserves. This deal involves taking control of sixty-five billion ...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 31%When the Indian market will start to recover in any real sense is still an open question. But one positive is that the broader market indic...
- While Americans watched TV, used personal computers, One Alaska village was still waiting for electricity during 1980sIn the early days of Alaska, wood was the primary source of heat and electricity. The gold rushes sparked a surge in power requirements acr...
- EESL, PNGRB ink pact to deploy smart domestic PNG metersEnergy Efficiency Services and the Petroleum and Natural Gas Regulatory Board have signed an initial pact. This collaboration aims to accel...
- Pipelines and ports: Iran war spurs Gulf infrastructure investmentGulf nations are investing billions in infrastructure to bypass the Strait of Hormuz. Ports, pipelines, and railways are top priorities as ...
- Oil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?The Nifty Oil & Gas Index lagged behind the broader market following the onset of the West Asia conflict. Despite this, Aegis Logistics and...
- AI could unlock $230 billion annually for upstream oil, gas sector: McKinseyArtificial intelligence could unlock approximately USD 230 billion in annual value across the global upstream oil and gas sector as the tec...
- Oil shock could outlast conflictsGlobal oil prices are experiencing fluctuations as geopolitical tensions persist. The aspirations for a quick resolution of these conflicts...
- India sets eyes on 100 more flagged vessels to cut forex outgoIndia plans to add one hundred flagged vessels within five years. This initiative aims to significantly reduce the nation's foreign freight...
- World’s biggest citrus waste-to-energy plant is being built in Brazil: 2.1-million-square-foot facility to turn orange juice waste into 1.77 million cubic feet of biogas every dayBrazil is building the world’s biggest citrus waste-to-energy plant, a 2.1-million-square-foot facility designed to transform orange juice ...
- US billionaires are piling millions into Argentina's Shale boom, here’s what is driving itAmerican billionaires are increasing investments in Argentina's Vaca Muerta shale basin. Harold Hamm's Continental Resources plans a $4 bil...
- In April 2023, an Indian plant began converting 2,000 metric tons of cashew residues monthly into marine fuel. Now, the refined oil has passed real-world ocean trials, linking a village waste stream to global shippingA plant near Hebri, India, converts cashew processing waste into biofuel and biochar. This facility now processes nearly two thousand metri...
- Centre pushes states to speed up PNG adoption, seeks district-level officers to drive LPG-to-gas transitionThe Petroleum Ministry is urging states to appoint district-level officers for PNG adoption. This move aims to accelerate the transition fr...
- Bangladesh's gas crisis hits factories, homes and transportIn the face of an acute natural gas scarcity, Bangladesh is witnessing the shutdown of key fertiliser plants, impacting hundreds of factori...
- Hardeep Puri hails Assam Hydrocarbon Policy as landmark initiative; policy comes into forceWelcoming the policy, Puri said the initiative would put the Northeast on the path of fast-paced development while helping unlock Assam’s u...
- India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
- Oil giants pool capital to ignite energy deeptechThe MC2+Ignite accelerator, in partnership with IIT Madras, will select about 30 startups at the prototype-to-early-pilot stage. The focus ...
- Government offers cheaper domestic gas to city gas distributors to boost PNG connectionsThe government will provide cheaper domestic gas to distributors. This incentivizes converting inactive piped natural gas meters into worki...
- ONGC successfully commissions gas evacuation facilities at Khoraghat GGS-1 in Assam's GolaghatONGC has commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam. This development enables surplus natural gas to be processed a...
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