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Home»Tag: Oil

Tag Archives : Oil

Business

Business and pleasure – How Russian oil giant Rosneft uses its corporate jets

Loknath Das 15 Jun 2019 889 Views

Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle were in the same vacation spots. Using publicly available data, Reuters tracked 290 Rosneft flights between January, 2015 and May, 2019. Of those round trips, 96 took place during Russian public holidays or between ... Read More »

Home Deco

East Texas is home to art deco treasures that rose from oil riches

Loknath Das 15 Jan 2019 2438 Views

The 1930s was the boom decade of East Texas. On Oct. 3, 1930, the Daisy Bradford 3 oil well near Kilgore came in as a gusher and marked the discovery of the largest oilfield in the United States. Oil wells were drilled as fast as possible and many landowners went ... Read More »

Health

Love fried food? Here are the types of cooking oil you should use

Loknath Das 06 Oct 2017 776 Views

The year was 1996. The jalebi became synonymous with a brand of cooking oil thanks to a now iconic ad that featured a little boy and his love for the spiralled sweet. Two decades on, that is not a connect any oil company would want. No company would dare to ... Read More »

Health

Want to be smarter? Include nuts, avocados, olive oil in your diet

Loknath Das 11 Sep 2017 638 Views

Nutrients found in foods rich in monounsaturated fatty acids (MUFA) such as olive oils, nuts and avocados are linked to general intelligence, according to a study. The researchers found that general intelligence was associated with the brain’s dorsal attention network, which plays a central role in attention-demanding tasks and everyday ... Read More »

Business

Modi, Putin vow to boost cooperation in oil, natural gas sector

Loknath Das 08 Sep 2017 628 Views

Prime Minister Narendra Modi held talks with Russian President Vladimir Putin on Monday and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector. The two leaders met in this southeastern Chinese city on the sidelines of the BRICS Summit. “The two sides basically ... Read More »

Business

Senegalese oil plans well funded, Australian company says

Loknath Das 31 Jul 2017 649 Views

 With more than $90 million in cash, the capital is available to support the development of the rich oil reserves offshore Senegal, an Australian company said. FAR Ltd., an Australian energy company and one of the early movers into West Africa, said two blocks offshore Gambia hold at least 1 ... Read More »

Texas oil production up slightly from last year
Business

Texas oil production up slightly from last year

Saheli 27 Oct 2016 562 Views

Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. The Railroad Commission of Texas, the state energy regulator, reported preliminary production of crude oil averaged 2.4 million barrels per day, ... Read More »

Oil gains, Deutsche Bank weighs on stocks; yen cuts losses

Saheli 30 Sep 2016 546 Views

Crude oil futures rose on Thursday, adding to the previous session’s rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender. Energy stocks fared better ... Read More »

Three new oil sands projects approved in Alberta
Business

Three new oil sands projects approved in Alberta

Saheli 18 Sep 2016 565 Views

– Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta’s government said. The provincial government approved three oil sands developments, two of which involved the use of steam stimulation. Collectively, the government said the projects represent ... Read More »

New oil and gas find in Norwegian waters
Business

New oil and gas find in Norwegian waters

Saheli 18 Sep 2016 542 Views

– Finding more oil and natural gas in mature areas of the North Sea confirm the staying power of operations in Norwegian waters, an explorer said. The exploration and production subsidiary of French energy company ENGIE said itmade a discovery near the existing Gjoa field in the Norwegian waters of ... Read More »

Russia bases economic forecast on $40 oil
Business

Russia bases economic forecast on $40 oil

Saheli 18 Sep 2016 559 Views

The Russian Central Bank said Friday it was lowering its key rate because of the potential for slow economic growth and oil priced around $40 per barrel. For the first time since June, the bank said it lowered its key rate by a half percent to 10 percent, saying it ... Read More »

Supply factors pull oil prices lower early Friday
Business

Supply factors pull oil prices lower early Friday

Saheli 18 Sep 2016 650 Views

The prospects of growing supplies of oil on the market offset the latest OPEC chatter on rebalancing efforts to push oil prices lower in early Friday trading. Oil drifted around in volatile trading Thursday as key economic indicators bounced off underlying questions about the gap between oil supplies and global ... Read More »

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