SHELL DOUBLE LNG
REUTERS - Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India's west coast to 10 million tonnes a year, a top company executive said on Friday.
Shell Gas B.V, a unit of Royal Dutch Shell Plc, owns a 74 percent stake in Hazira LNG Ltd, while Total Gaz Electricite France, a unit of France's Total SA, holds the rest.
"We've done all the work, now it's sort of taking a look at when is the right timing in terms of demand that's available," Nitin Prasad, chairman of Shell Companies in India, told Reuters, without giving a timeline for the expansion.
A government panel said in a report in April 2015 that Hazira LNG will look to expand the capacity of its LNG terminal in the western state of Gujarat by 50 percent to 7.5 million tonnes per annum in the fiscal year to March 2017.
Shell on Friday opened a new technology centre in Bengaluru, the capital of the southern state Karnataka. The technology hub, Shell's third in the world, is aimed at expanding the company's research and development activities in Asia.
India aims to raise the share of natural gas in its energy mix to 15 percent in the next three years from about 6.5 percent at present, as it attempts to achieve energy security while keeping pollution levels down.
India's gas imports in April 2016-February 2017 rose 16.4 percent to 22.53 billion cubic metres, according to government data.
|August, 13, 14:05:00|
|August, 13, 14:00:00|
|August, 13, 13:55:00|
|August, 13, 13:50:00|
|August, 13, 13:45:00|
|August, 13, 13:40:00|
PLATTS - State-run Indian Oil Corp has signed its first US term crude oil deal, buying 6 million barrels, as the Asian buyer steps up efforts to devise an alternative buying strategy amid uncertainty about purchases from Iran because of US sanctions.
PLATTS - Angola's crude oil exports rebounded to a four-month high of 1.63 mil b/d in June even as the OPEC member struggles to arrest declines at some of its ageing deepwater oil fields, finance ministry data showed.
BAKER HUGHES A GE - U.S. Rig Count is up 13 rigs from last week to 1,057, with oil rigs up 10 to 869, gas rigs up 3 to 186, and miscellaneous rigs unchanged at 2. Canada Rig Count is down 14 rigs from last week to 209, with oil rigs down 12 to 140 and gas rigs down 2 to 69.
REUTERS - Front-month Brent crude oil futures LCOc1 were at $71.88 per barrel at 0646 GMT, down 19 cents, or 0.3 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down by 22 cents, or 0.3 percent, at $66.59 a barrel.