Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The government-appointed gas price review panel headed by Kirit Parikh on November 30 submitted its report recommending a floor of $4 per (Metric Million British Thermal Unit) and a cap of $6.50/mmBtu for legacy and old fields fields being operated by Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL). According to the report, by January 1, 2027, the cap and the floor would be removed and the prices would be market-determined for gas which is currently under Administered Pricing Mechanism (APM). The government will now deliberate on the report and consider converting it into policy. For the gas from difficult fields such as those lying in deepsea or which are in high-pressure, high-temperature zones, the committee has suggested no tinkering … [Read more...] about Kirit Parikh Panel recommends $4-6.50/unit gas price band for old fields
Share to Twitter Share to Linkedin The need for oil and gas has never been so clearly defined as in 2022. Recovery from the pandemic started it. The Invasion of Ukraine by Russia that pushed European nations into energy independence from Russia has continued it. The inflation of energy prices by various shortages and supply chain blocks has worsened it. Projections of future energy needs due to industrial growth by large countries like China and India as well as world population rise have reinforced the position that energy needs will rise by 50% by 2050. But there are certain factors, not widely discussed, that hint at renewables growth that will likely impact growth of oil and gas. One is the transport sector switching from gasoline to electric vehicles (EVs). Another is electricity changing from gas-burning power plants to solar, wind, and battery power. Yet another is major corporations purchasing green electricity. Let’s take a closer look at … [Read more...] about Companies Like Amazon Are Buying Clean Energy – But Will It Make Any Difference To The Oil And Gas Industry?
Share to Twitter Share to Linkedin Flag of Israel with the Mediterranean sea in the background, in Rishon LeZion. עברית: דגל ישראל ... [+] בראשון לציון (Photo credit: Wikipedia) Israel ’s visiting guest this week is not a head-of-state. But he is just as important. It is Noble Energy ’s Chief Executive Charles Davidson, whose company is working with government and business there to commercialize huge natural gas deposits. The point of the Texas -based oil captain’s appearance is two-fold: He and his Israeli contemporaries will be celebrating the start of the country’s first natural gas discoveries that are in the Mediterranean Sea's Tamar field, which has just begun to generate 300 million cubic feet a day of natural gas. Noble says that the basin holds up to 10 trillion cubic feet. It’s a game-changer not just for Israel but potentially in the geo-political-and-economic chess game: It provides Israel with more energy security while … [Read more...] about Israel’s Natural Gas Finds Win the World’s Notice
Share to Twitter Share to Linkedin Like Hollywood, travel is a glamor industry. Pictures of people on sunny beaches, partying on Las Vegas pool decks, clinking glasses aboard cruise ships or splashing in crystal-clear waters from Bali to Bermuda are designed to do only thing: sell travel and experiences. Hollywood helps sell tourism too. There’s a reason why people long to walk where their favorite characters did, whether it’s an isolated peninsula in Spain where “Game of Thrones” was filmed, or fancy hotels where the women of” Sex and the City” frolicked. HBO’s "White Lotus” will no doubt drive tourists to its first and second season locations of Hawaii and Sicily. But there is a large gap between the expansive, expensive picture the travel industry likes to paint, and the reality. In a perceptive article in The Street , “The Future of Travel is a Three-Star Hotel”, writer Veronika Bondarenkonov writes that for many properties, the goal is attracting … [Read more...] about Is The Future Of Travel Really The Three-Star Hotel?
Share to Twitter Share to Linkedin The Great Resignation caused a mass exodus with nearly 50 million Americans quitting their jobs in 2021. Now, a quarter of those job hoppers are expressing “quitter’s remorse.” Job search portal Joblist issued its Q2 2022 US Job Market Report , and the topic of “regret” came up repeatedly. Out of 15,000 job seekers surveyed, 26% said they regretted leaving their previous jobs, leading to terms such as “The Great Regret,” “remorse resignation” and “boomerang employees” gaining traction. But why are so many of those who joined the mass exodus of the workplace during the pandemic having second thoughts? The Joblist Study As the country grapples with inflation, rising interest rates, continued supply chain and Covid-19 disruptions, consumers and businesses worry that a recession is around the corner. Although the job market has proven largely resilient up until this point, the future outlook appears increasingly uncertain. … [Read more...] about 5 Reasons For ‘Boomerang Employees’ And ‘The Great Regret’ In Employment
Share to Twitter Share to Linkedin One of the dumbest political soundbites was President Obama saying, about a bridge, “You didn’t build that.” His basic argument was sound: government not business provides public goods like infrastructure. (Another case of misleading soundbites.) His comments were presumably pushback against the idea that the private sector does everything better than the government, or, as Ronald Reagan said, government isn’t the solution, it’s the problem. My impression is that this pro-business philosophy began to gain currency in the Gilded Age when the roaring success of the U.S. private sector convinced many that the private sector was better at everything. Politicians—like most of the population—generally have no sense of economics, let alone business, and frequently take steps that are economically irrational because they don’t perceive the costs being inflicted on companies. Most egregiously, setting regulations and then canceling … [Read more...] about How Politicians Unknowingly Hurt The Oil Industry
Share to Twitter Share to Linkedin The world was a very different place in the 1970s when Steinbeis Papier launched its factory to recycle used telephone books in Germany. Considered pioneering at the time, recycling has become a mainstay of the circular economy that’s redrawing the future of industries like paper. Fast forward some 50 years and Steinbeis Papier is a European market leader, having infused economical sustainability across its sourcing and manufacturing operations with impressive results. For example, the company has significantly reduced the amount of materials and resources used in office paper production including wood (100%), energy (72%), and water (83%), while decreasing CO2 emissions by 53%. “We are producing recycled paper economically and sustainably. At our site in Glückstadt, our own power plant provides 100% of the thermal energy and 50% of electrical energy,” said Ulrich Middelberg, head of IT at Steinbeis Papier. “Now with … [Read more...] about European Recycled Paper Leader Is Ready For Winter Energy Crisis
Share to Twitter Share to Linkedin These inexpensive, highly portable products can help keep travelers safe on the road. Portable Carbon Monoxide Detector Most people don’t think about carbon monoxide (CO) when traveling. In October, three Americans tragically perished from CO poisoning at an Airbnb in Mexico City that apparently had a boiler with a gas leak. CO is a leading cause of poisoning in the United States, killing more than 400 Americans a year. Burning fuel (like wood, charcoal, propane, fuel oil or gasoline) creates carbon monoxide, a colorless, odorless, tasteless gas. It can accumulate to fatal levels when a home is improperly ventilated. Still, only 27% of U.S. homes have CO alarms. Accidental CO poisonings are entirely unnecessary. A portable carbon monoxide alarm will detect a dangerous CO concentration and alert you with a buzzer. Kidde is a well-known brand in both smoke alarms (I have them in my home) and CO … [Read more...] about The Best Gear For Staying Safe While Traveling
Share to Twitter Share to Linkedin The auto industry is leading major sectors of manufacturing that are embracing digital transformation for their own reasons and at different paces. The global automotive sector has become the biggest spender on digital transformation, ABI’s latest study found, forecasting that the industry will invest nearly $100 billion this year and more than $238 billion annually by 2030 in its transformation to electric vehicles from internal-combustion powertrains. Automakers need software to design new types of vehicles and work with Tier One parts suppliers to assure performance requirements and the demands of mass customization, while the OEMS will need to transition production to the new types of vehicles without harming production volumes, ABI said. Meanwhile, automakers are bringing some best practices to bear that have become common across manufacturing as they sink hundreds of billions of dollars into their operations in … [Read more...] about Auto Industry Leads In Digital Transformation Investments
Share to Twitter Share to Linkedin John Barton, CEO of Gridtential Energy . The recently passed Inflation Reduction Act (IRA) is a landmark piece of legislation, but its name is a bit of a red herring. The $369 billion bill has more to do with reducing carbon emissions than lowering the CPI. In fact, 75% of the spending in the bill is dedicated to slowing climate change and developing alternative sources of energy. Among the bill’s provisions are billions of dollars earmarked for battery manufacturing and development . There’s a good reason for that. To wean the U.S.—and the world—off fossil fuels, we’ll need better ways to store the energy from solar panels and wind turbines for when the sun doesn’t shine and the wind doesn’t blow. Most people understand the importance of batteries to electric vehicles. But there is another use case for batteries that may prove just as transformative, and just as important, for the environment. It is … [Read more...] about In The Fight Against Climate Change, Household Batteries Could Hold The Key