2017, February, 8, 18:35:00INDIAN OIL UP 66%
India’s leading state owned oil and gas firm Indian Oil posted a net profit of rupees 153.86bn ($2.29bn) for the nine months ended December 31, 2016, compared with a net profit of rupees 92.36bn during the corresponding period of the previous year, a jump of almost 66%.
2017, February, 8, 18:30:00INDIAN ONGC UP 197%
Indian ONGC reported profit of rupees 43.52bn ($0.65bn) in 3Q of fiscal 2016-17 as against rupees 14.66bn in the corresponding quarter of last year, a rise of 197%, the company said last week citing higher gross oil realisation as the primary reason.
2017, February, 6, 18:40:00JAPAN CAN BUY MORE
Japan is putting together a package of plans for Japanese companies to invest in infrastructure and job-creation projects in the United States. Japan is the world's biggest buyer of the gas cooled to liquid form for transport on ships and takes in nearly a third of global shipments.
2017, February, 6, 18:35:00INDIA'S OIL CONSOLIDATION
With India's oil demand showing no signs of slowing, which in turn is attracting a lot of multinational firms to set up shop in the country, the government is stepping up efforts to ensure that state-run oil companies are on equal footing to compete, not just with domestic private players but also with global oil firms.
2017, February, 3, 19:01:00CHINA'S RENEWABLE ENERGY
China will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission (NDRC) said.
2017, February, 2, 18:40:00CHINA'S OIL DEMAND
China's apparent oil demand slipped into the negative territory in 2016, a sharp reversal from the near 7% growth witnessed a year earlier, as the country's slowest GDP growth in 26 years slashed appetite for industrial and transportation fuels in Asia's biggest oil consuming nation.
2017, January, 31, 18:35:00SHELL SELLS THAILAND
Shell has reached an agreement with KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), for the sale of subsidiary companies Shell Integrated Gas Thailand Pte Limited and Thai Energy Co Limited, which together hold a 22.222% equity stake held in the Bongkot field, and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48, for USD 900 million.
2017, January, 26, 18:40:00PETROCHINA NEED BALANCE
PetroChina, China's biggest listed oil company by assets, expected the supply and demand for global oil market would gradually become balanced in 2017 and international oil prices would "recover," the company said late Wednesday in a profits warning for the 2016 annual result.
2017, January, 24, 18:35:00SOUTH CHINA SEA PETROLEUM
"We urge the United States to respect the facts, speak and act cautiously to avoid harming the peace and stability of the South China Sea,"
2017, January, 23, 18:45:00INDIA'S LNG DOWN 3%
India’s double-digit LNG import growth took a breather in the month of December, falling 2.9% on year, according to oil ministry’s Petroleum Planning and Analysis Cell.
2017, January, 20, 18:50:00CHINA'S CNOOC INVESTMENT UP TO 39%
Cnooc said it plans to lift capital spending to between Rmb60bn and RMB70bn this year, from budgeted capex of Rmb50.3bn in 2016. It intends to produce between 450m and 460m barrels of oil equivalent this year, compared with an estimated 476m last year.
2017, January, 17, 18:35:00CHINA'S PRODUCTION DOWN
China’s oil production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016.
2017, January, 13, 19:05:00INDIA'S OIL DEMAND UP
Consumption is expected to rise 7-8% this year, outpacing China's demand growth for the third consecutive year.
2017, January, 13, 19:00:00IRAN - INDIA IMPORTS UP
For the year, the world's third biggest oil consumer bought about 473,000 barrels per day (bpd) of oil from Iran to feed expanding refining capacity, up from 208,300 bpd in 2015, the data showed.
2017, January, 13, 18:55:00INDIA - JAPAN COOPERATION
India and Japan should co-operate on long term contracts for LNG with a defined cost of energy which would provide a stabilizing factor for the renewable energy thrust that India is currently giving, Indian minister for power, coal, new & renewable energy and mines, Piyush Goyal said January 11 on the side-lines of the seventh India-Japan Energy Forum in New Delhi.