Bangalore International Airport Limited (BIAL) – operator of the Kempegowda International Airport, Bengaluru – has announced of launching seven new routes and the addition of two airlines during the Winter Schedule 2018, commencing October 28. This five-month schedule will be in effect until March 30th, 2019. Phuket is the new international destination, with Go Air […]
Day: October 26, 2018
Global LNG: Asian spot prices drop to over two-month low on higher supply
Asian spot prices for liquefied natural gas fell to an over two-month low this week amid increased supply and lower demand especially in Japan which is expecting a warmer-than-usual winter and the restart of nuclear reactors. High freight rates are also weighing on Asian demand, with deliveries of LNG heading to northwest Europe instead. December […]
India expects to double gas production by 2022: Officials
India expects to double its natural gas production by 2022 as it seeks to reduce its reliance on imports into the country and to meet an anticipated surge in domestic demand, government officials said on Friday. India is expected to double its gas production to over 60 billion cubic metre (bcm) from the current 33 […]
New round of coal auction with old and rejected mines, same problems
As the Centre revives the earlier rejected coal mines by auctioning them again, the move could actually be to ease pressure off the national miner Coal India Limited (CIL). For the upcoming two rounds of the auction of coal mines, the Centre has notified 18 mines of which 14 are the ones which were put […]
India presents opportunities in oil and gas sector at Singapore roadshow
India on Friday presented a wide range of investment opportunities in the upstream oil and gas sector, citing strong interests in the ongoing USD 2.86 billion investment underway to double gas production and drill more than 120 exploration wells over the next four-five years. A Directorate General of Hydrocarbons (DGH) delegation, led by Director General […]
Oil falls on oversupply worries despite Iran sanctions
Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand. Brent crude oil fell $1.12 to a low of $75.77 per barrel and was trading around $78.84, down […]