According to company sources close to development, the oversupply of gas and the drop in consumption of gases in India due to Covid, has given rise to concern over prices of gas. Per se, we are not terminating any of the contracts because we will consume them later when the new fertilizer plants will come up in places like Durgapur and Gorakhpur. We are taking up the matter with the suppliers to give relaxations in prices and in the supply of LNG as per our requirement and consumption pattern, sources said.Gail s gas supply to fertilizer sector has increased to 43 million metric standard cubic meter per day (mmscmd) as of today from the average of 37mmscmd in FY20 or 11 12 mmscmd during the complete lockdown phase in April. Power sector has also caught up, but the city gas distribution sector is still down, barring the piped natural gas segment that supplies to residential areas. We expect to an increase of 11 12 mmscmd of gas supplies once all the five Fertiliser plants come up by December 2021, sources said.The company is also taking up the matter with suppliers to reschedule, as well as postpone some of the cargoes to reduce their losses. As of now we have got very little in terms of relaxations, but we are pursuing with them to secure the relaxation in pricing and quantity as domestic consumption and spot prices have dropped substantially, sources said. Though we want to match the long term contracted price to the current spot price, it is going to be difficult, " sources said. The current landed price for long term contract is around $7 $8 mmBtu and the landed price for a spot gas is around $5 mmBtu.The company plans to get around 90 cargoes from the US in FY21, which accounts for 36% of the total 250 cargoes or 14 million metric tonne per annum (mmtpa) that will be sourced during FY21. GAIL has a long term contract for 5.8 million mt year of US origin LNG, along with long term swap contracts in place until March 2022. India has long term LNG supply contracts with countries like Qatar, Australia, and Russia.From Russia, GAIL sources around 2.5 mmtpa of gas which will increase to 2.75 mtpa in coming years. Petronet LNG, another state run company, is expected to supply around 70 cargoes or around 4 4.5 mmtpa, to GAIL in fiscal 2020 21.India, the third biggest energy consumer after the US and China, aims at securing 15% of its total energy mix from natural gas by 2030, up from current levels of about 6%. The Prime Minister Narendra Modi led government ''s focus on raising the share of gas in the overall energy mix has attracted the interest of global giants like ExxonMobil and Total in the Indian gas market.
July 1st, 2020 by Matt Pressman Originally published on the EV Annex blog.
Comment Facebook Twitter Reddit Email More Share this storyTesla overtakes Exxon #039;s market value in symbolic energy shift away from fossil fuels Tumblr Pinterest Google LinkedIn Tesla Inc. ''s market value has surpassed Exxon Mobil Corp. ''s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.Elon Musk ''s Tesla, now at US$201 billion in market capitalization, is surging on the billionaire founder ''s optimism that his company can avoid a second quarter loss. Exxon, which dropped to US$185 billion, is reeling from the worst crude price crash in history. The largest oil company in the Western Hemisphere is preparing to cut some of its U.S. workforce.
The Pentane 20 80 Sales Market Research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Pentane 20 80 Sales Market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and growth in the CAGR have been given in the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Pentane 20 80 Sales market have also been included in the study.Below mentioned companies are analyzed upon their revenue, price margins in the market and main products they offer: Shell, Phillips 66, CNPC, ExxonMobil Chemical, TOP Solvent, Junyuan Petroleum Group, South Hampton Resources, Aeropres Corporation, Diversified CPC, Rizhao Changlian
In a study published in the Proceedings of the National Academy of Sciences, a team of scientists estimated that the gas well owned by ExxonMobil leaked around 120 metric tons of methane per hour over a period of 20 days before the company managed to fix the problem. This amounted to a total of more than 50,000 tons of methane.The authors led by Sudhanshu Pandey from SRON Netherlands Institute for Space Research said that the hourly emission rate from the leak was about twice that of the widely reported event at an oil and gas storage facility in Alison Canyon, California, which took place in 2015 the largest known methane leak in the country.
The suspects have been identified as David, Williams Thomas, Leela and Thingareela. A senior police officer said that the suspects learnt that the victim wanted to do research in Canada and contacted him. They sent him a mail from email@example.com and firstname.lastname@example.org, claiming that they were from Exxon Mobil Research and offered him a job in their company in Canada.
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Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have forced the company's board to create a special committee on climate change.Shareholders also defeated measures requiring the company to report the risks of climate change at chemical plants on the Gulf Coast in the United States and to report political contributions and lobbying.
;The withdrawal of multiple employees - despite their small number - temporarily has nothing to do with the security situation or threats in the oilfields in of southern Iraq, but it;s for political reasons,; Ghadhban said in a statement.Exxon Mobil, which has a long term contract to improve the oilfield on behalf of Iraq 's state South Oil Company, withdrew all foreign staff, around 60 people, Iraqi officials have said.
The Securities and Exchange Commission informed the energy giant in a letter dated Thursday that it would not recommend an enforcement action against the company at this time.Exxon Mobil cooperated with the inquiry, producing more than 4.2 million pages of documents, company spokesman Scott Silvestri said.
Science is on their side, the San Francisco district court jurist ruled ;This order accepts the science behind global warming; but the law is not. The problem, he concluded, lies beyond the competence of ;a district judge or jury in a public nuisance case.; Rather, it;s up to Congress and the president.But for all its bluntness, Alsup 's order merely injects a large dose of confusion into the law on climate change. That 's because it runs counter to a ruling in a similar sheaf of cases by another San Francisco federal judge Vincent Chhabria, who ruled in March that the proper venue for lawsuits brought by Marin and San Mateo counties and the city of Imperial Beach against 29 oil companies is state court. The Oakland San Francisco lawsuit named only five: BP, Chevron, Exxon Mobil, ConocoPhillips and Royal Dutch Shell.
Additionally, ExxonMobil, Bausch Lomb and Westpac are migrating central workloads to the IBM Cloud:IBM Cloud continues to build out its cloud footprint with 18 new availability zones in high demand centers in Europe (Germany and UK), Asia Pacific (Tokyo and Sydney), and North America (Washington, DC and Dallas, Texas). An availability zone is an isolated instance of cloud inside a data center region, with independent power, cooling and networking to strengthen fault tolerance. While IBM Cloud already operates in nearly 60 locations, it now has even more capacity and capability in these key centers. Additionally, clients will be able to deploy multizone Kubernetes clusters across the availability zones via the IBM Cloud Kubernetes Service, simplifying how they deploy and manage containerized applications and adding further consistency to their experience.
The new availability zones will be located across North America, Europe, and Asia Pacific. According to IBM, ExxonMobil, Bausch Lomb, and Westpac will be migrating their central workloads to IBM Cloud. "The world 's biggest companies work with IBM to migrate them to the cloud because we know their technology and unique business needs as they bridge their past with the future, " said David Kenny, senior vice president of IBM Watson amp; Cloud Platform. "Our continued cloud investment and growing client roster reflect that companies are increasingly seeking hybrid cloud environments that offer cutting edge tools including AI, analytics, IoT and blockchain to maximize their benefits. "
HANNOVER, Germany, June 11, 2018 PRNewswire CEBIT IBM (NYSE: IBM) today announced a major expansion of its cloud capabilities with plans to launch 18 new availability zones for the IBM Cloud across North America, Europe and Asia Pacific.Additionally, ExxonMobil, Bausch Lomb and Westpac are migrating central workloads to the IBM Cloud:
King County's suit is targeting five fossil fuel companies BP, Chevron, Exxon Mobil, Royal Dutch and ConocoPhillips "for knowingly contributing to climate disruptions and putting the residents of King County at greater risk of floods, landslides, ocean acidification, sea level rise, and other impacts," according to a county statement.The county, which encompasses Seattle, aims to require those companies to establish an abatement fund to mitigate the effects of climate change on salmon recovery, public health, storm water management and infrastructure.