PTN News Digest

Issue #18 | 14-10-2021

BP pitches for infra sharing with companies like ONGC; sanctity of contract

UK-based supermajor BP Plc has pitched for oil NSE 0.47 % and gas producers sharing their infrastructure to help cut costs and monetise small and marginal discoveries.

Bharat Petroleum tries to cut dependence on LPG from the Middle East

An Indian buyer of liquefied petroleum gas is once again attempting to ease its dependence on Middle East shipments after some supply shocks last year stemming from drone attacks and even a trade war.

Turkish president announces more natural gas reserves in Black Sea

Total amount of natural gas reserves in the Tuna-1 well in Sakarya Gas Field reached 405 billion cubic meters,” he said after his inspections at the ship.

Gulf OPEC, Iraq question whether to keep deep oil cuts into 2021

Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as they struggle to stick to their agreed reductions

Oil prices drop as concerns mount over next U.S. stimulus round

Oil accelerated losses as uncertainty over progress on another round of U.S. fiscal relief added to supply concerns with OPEC+ raising output.

Philippines works to end oil exploration upheaval with China

President Rodrigo Duterte lifted a six-year ban on oil exploration in the South China Sea earlier this month to ensure that talks between Chinese and Philippine entities result in actual projects

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