By Debasish MishraGiven the onset of the COVID-19 pandemic, the past 12 months have been quite challenging for the oil and gas industry. Global crude demand dropped by about 30 percent and oil prices had a free fall. The Indian oil and gas industry responded commendably and operated safely during this period. Oil fields continued operation, refineries managed huge demand fluctuations (without shutting down even for a day), and fuel retailing (including LPG supplies to more than 250 million households) continued uninterrupted. Normalcy is gradually returning with demand reaching the pre-pandemic levels in many product categories and crude prices are back in the US$50/barrel plus range. The sector not only survived the crisis but also supported public finances of both the centre and state governments in terms of increased contribution of excise duty and Value Added Tax (VAT).However, the current crisis will have a lasting impact on the industry. This is because changes in operating … [Read more...] about OPINION: Budget 2021-22 – Expectations from the Oil & Gas sector
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Sacramento Power Outages Hit 100,000 Homes and Businesses Amid Major Storm
The "major West Coast winter storm" is expected to affect California through late week bringing "heavy snow to the northwest mountains at unusually low elevations with feet of snow in the Sierra Nevadas, heavy rain with possible flooding especially near recent burn scars, and high winds," the National Weather Service (NWS) said. … [Read more...] about Sacramento Power Outages Hit 100,000 Homes and Businesses Amid Major Storm
How PIB’ll promote economic growth, ensure transparency in oil, gas sector — Minister, NNPC, FIRS
“It is important that we all, whether we participant or we do not participate, we are all fully engage because the outcome of this particular bill will determine a lot of things because it is the foundation upon which our economy, the foundation upon which the so much talked about diversification of the economy will be made, because for you to diversify your economy, you have to invest money, and for you to invest money, the resources you would use to invest and develop your economy, as it is in Nigeria for now, comes from the petroleum industry. … [Read more...] about How PIB’ll promote economic growth, ensure transparency in oil, gas sector — Minister, NNPC, FIRS
Storm Watch: Wintry Blast Slams NorCal, Knocking Out Power Across Region
Bookmark our video/photo upload page and share what you’re seeing with us Watch all of our storm-related video coverage on our Storm Watch video page Find interactive radar and more on our Weather Page Talk with Dave Bender on the CBS13 Weather Facebook page Become a dedicated CBS13 Weather Watcher! 12:58 p.m. … [Read more...] about Storm Watch: Wintry Blast Slams NorCal, Knocking Out Power Across Region
California lawmaker wants to make big businesses disclose greenhouse gas emissions
He also said he found the bill’s timing “a little odd,” given the new administration of President Biden, which is positioning itself to take a much more aggressive stance against climate change than the federal government did under former President Donald Trump. Still, Borenstein said that pushing for more information was “a fine thing to do,” even if doesn’t have a huge impact. … [Read more...] about California lawmaker wants to make big businesses disclose greenhouse gas emissions
