Day: October 19, 2020

Iran Boots Out India From Huge Gas Field Development

Admin

Iran has decided to use local firms to develop a large offshore natural gas field, which was discovered by an Indian company and set to be developed by a group of Indian firms, Press Trust of India reported on Monday, citing sources with direct knowledge of the plans. An Indian consortium led by ONGC Videsh discovered the huge Farzad-B gas field back in 2008. Iran and India have since negotiated the terms of the field’s development for years, in fits and starts. Three years ago, the Indian consortium led by…

Read More

ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts

Admin

U.S. oil and gas producer ConocoPhillips unveiled on Monday a target to reduce emissions from its operations to net zero by 2045-2055 in a first announcement from a major American oil firm setting specific targets to cut its carbon footprint. Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, hadn’t set any such goals. For this, U.S. supermajors have received backlash from investors in recent months, including from the world’s largest asset manager, BlackRock. ConocoPhillips’…

Read More

U.S. Renewable Energy Consumption Hits Record

Admin

Renewable energy consumption in the United States continued to rise for the fourth year in a row in 2019, with wind energy and wood and waste energy each accounting for 24 percent of all renewable energy used in America, the Energy Information Administration (EIA) said on Monday. Last year, U.S. consumption of renewable energy reached a record 11.5 quadrillion British thermal units (Btu), or 11 percent of total U.S. energy consumption, the EIA has estimated. Of the renewable energy used, wind energy—almost exclusively used to produce electricity—accounted for 24 percent…

Read More

Abu Dhabi To Host Oil And Gas Industry’s Largest Online Exhibition In November

Admin

ABU DHABI, (UrduPoint / Pakistan Point News / WAM – 18th Oct, 2020) Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the ADIPEC Virtual Conference brings together over 5,000 government ministers, global energy leaders and professionals to assess the collective measures the sector is putting in place to fast-track recovery, post COVID-19. Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and hosted by the Abu Dhabi National Oil Company, ADNOC, the ADIPEC Virtual Conference will run from…

Read More

SNGPL to get additional quota of 300,000 connections for current FY

Admin

The Sui Northern Gas Pipelines Limited (SNGPL) has requested OGRA for the grant of an additional quota of 300,000 new connections to move towards clearing its backlog which touched the figure of 2.7 million applications due to ever-increasing demand of the commodity and certain capacity issues. “For the current fiscal year, the Oil and Gas Regulatory Authority (OGRA) had granted the permission for around 400,000 connections, which was extremely insufficient against 2.7 million pending applications on the SNGPL s network,” a senior official privy to petroleum sector developments told APP. He…

Read More