Day: May 11, 2020

The petrol price decision for May 2020 was once again taken for a ride by critics on both extremes. There is that one side, which would not settle for anything less than an immediate price relief, without any currency, time, or taxation considerations or even making room for cost of crude oil refining. On the other extreme are those ruing the missed opportunity to beef up the tax kitty, citing regional prices and equating with dollar rates. One must not forget that petroleum prices have a considerable bearing on inflation,…

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Take a gander at a chart of the S&P 500 Index and it sure looks like traders expect the coronavirus crisis to end quickly and the economy to roar back. One might think that the only thing to wait for is an all-clear signal — a cue that marks the conclusion to the Covid-19 calamity and the return of the boom times. But it isn’t likely to work that way, according to comments that company officials have made on recent earnings calls. Executives bold enough to give any guidance whatsoever…

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The recently released report on IPPs by a government sanctioned commission brought not only the power producers into the limelight, but also the design of the previous power policies. While the final verdict on the report is still awaited, especially given the riposte by the private power producers, it is imperative that one identifies the short comings of the previous policies that later lead to controversies. This should prove to be a useful exercise in the context of fact that we’ve embarked on yet another plan to substantially increase power…

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The new strategy sets out priorities to support the oil and gas industry in reducing greenhouse gas emissions, developing carbon capture and storage and implementing hydrogen projects. The Oil and Gas Authority (OGA) has unveiled its strategy to support the drive to net zero greenhouse (GHG) emissions, including new requirements and regulations for industry operators. The OGA says maximising the economic recovery of oil and gas needs not conflict with the transition to net zero and highlights the need for the industry to move considerably faster and further in reducing its carbon footprint – it…

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Despite – or perhaps because of – the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall, Qatar believes that the long experience and supportive infrastructure that it has accrued in the sector since first becoming an LNG exporter in 1997 will allow it to regain its former position as the world’s number one LNG exporter. To this effect, it has announced big and bold plans for its flagship supergiant non-associated gas reservoir, the North Dome, together with corollary…

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