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Mar 08: 8ONGC has awarded a $327 million contract for survey, design and installation of five oil well platforms, pipelines and cables, as well as commissioning services in the Ratna field on the west coast of India. Click on Report for more.
8Oil market likely to tighten by 2023 with an increased risk of price volatility. Click on Report for more.
8Hydrogen based cars are now commercial and they care capable of much higher mileage than battery powered cars. Test drive these cars if you want. Also attend a conference of leading luminaries of hydrogen technology, which is pioneered mostly by Japanese and Korean companies. Click on Report for more.
8In February, the U.S. benchmark Henry Hub natural gas spot price averaged $2.66 per million British thermal units (MMBtu), down $1.03/MMBtu from January. The projection is that Henry Hub spot prices to average $2.72/MMBtu in March and $2.99/MMBtu for all of 2018. In 2019, prices will average $3.07/MMBtu. Click on Report for more.
8Inventories of global petroleum and other liquid fuels declined by 0.6 million b/d in 2017 but the decline will be arrested and they will grow by about 0.4 million b/d in 2018 and by another 0.3 million b/d in 2019. Click on Report for more.
8The fact that new building tanker activity remains firm week over week is definitely puzzling given the very poor performance of earnings. Click on Report for more.


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