They discussed about the contemporary developments in the global oil market in wake of Covid19 and in context of the production cuts announced by OPEC+ countries including Russia
Company producing thousands of gallons of hand sanitizer and providing medical supplies to hospitals, first responders, and employees in its local communities around the world
Though the company did not specify the exact amount of the contract, as per its specification it ranges between Rs 2,500 crore and Rs 5,000 crore
The lockdown shut factories that made plastics products and packing material using polymers produced at plants such as GAIL's Pata unit. Also, the petchem units faced labour shortage as migrant labourers returned home
"In terms of the ongoing energy market fluctuations, Minister stated that India has always advocated for a stable oil market, which is reasonable for producers and affordable for consumers," an official statement said
All technologies and deployment methods will be used to detect leaks and identify potential solutions that can be shared with other oil and gas operators
As part of the agreement, Orange will support AkzoNobel in centralizing its IT/OT network operations, connecting and managing its entire footprint from factory to store, across all regions
These projects are spread over 11 Indian states and have a cumulative capacity of over 2 GW
Companies make inventory losses in a falling market as the cost of the inventory in the form of crude and products is higher that the prevailing prices.
SolAmaze Natural, which is bio-based and readily biodegradable, addresses the fast-growing consumer demand for natural and clean label ingredients in personal care products
This plant represents the record-highest petrochemicals investment project ever in the Czech Republic
The delivered equipment will be responsible for heating and turning seawater into distilled water at the Bapco Refinery in the Kingdom of Bahrain
Impact on business performance in 2020 due to COVID-19 currently not predictable
The notice is the latest force majeure claim issued in the LNG sector that is struggling with a seasonal plunge in demand as well as the spread of the coronavirus outbreak, which has further hammered the consumption of the super-chilled fuel globally
The company will reduce 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic
The new steam reforming catalyst has significantly reduced pressure drop, allowing the customer to benefit from a considerable increase in energy and production efficiency, leading to savings of more than €300 000 over the catalyst lifetime
Oilfield services giant to cut personnel and give the rest pay cut of up to 15%
Since the outbreak of coronavirus, countries across the globe have placed restrictions and announced lockdowns, which have shut businesses and stopped both air as well as road travel. India too announced a 21-day lockdown from March 25 which has led to slump in fuel demand
Technology agreement will offer solutions to optimize reservoir management
During the period, petrol and diesel are supplied to local depots and oil marketing companies and through pipelines to destinations in Hassan and Bengaluru in millions of litres per day to meet the administrative and transportation needs
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