Justin Dargin, a Research Fellow with The Dubai Initiative at Harvard University and a Fulbright Scholar of the Middle East, was invited by CIRS to deliver a lecture on “Gulf Gas Development: A Rational Development Strategy” to Georgetown University in Qatar faculty and staff. The lecture focused on the basics of the Gulf Gas/Power Sector and how the countries of the GCC are facing the current energy challenges.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
Justin Dargin, a Research Fellow with The Dubai Initiative at Harvard University and a Fulbright Scholar of the Middle East, was invited by CIRS to deliver a lecture on “Gulf Gas Development: A Rational Development Strategy” to Georgetown University in Qatar faculty and staff. The lecture focused on the basics of the Gulf Gas/Power Sector and how the countries of the GCC are facing the current energy challenges.
Liquefied natural gas (LNG) is rapidly changing the structure of the global gas industry.
Flexible in transportation, safe in use, and competitive in supply, LNG today has already won more than 40% of the physical volume of world gas exports and is expected to reach 60% by 2040. In 2020, the development of the LNG market underwent significant transformations, as the COVID-19 pandemic posed a challenge to the global economy.
New base energy news issue 869 dated 09 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 09 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE gas market as World gas market faces glut, says IEA
• India Greka successfully drilled two wells
• US / Canada Fires are reducing Canada’s oil sands production
• Oil prices near 2016 highs as US crude inventories drop
• Oil market is back in balance: Kemp
• Crude prices: This chart says oil could hit $60 — and fast
• World Starts to Turn From Coal as Cheap Oil Gains Market
• World oil reserves stable despite drop in investment -BP
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Microsoft word new base 661 special 10 august 2015Khaled Al Awadi
ttached FYI ( NewBase Special 10 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Kuwait energy project spending to hit $100 billion
• Morocco's sole refinery to shut due to financial problems
• UK: Europa Oil & Gas ble Planning Inspectorate decision on its Holmwood
• U.S. Pump Prices Slip to Three-Month Low in Lundberg Survey
• Crude prices down on chronic oversupply, poor China data
• Oil prices to stay lower for longer on supply glut: QNB
• Tesla burns cash, loses more than $4,000 on every car sold
• Oil companies need to resurrect stalled projects
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
New base energy news 11 march 2019 issue no 1234 by khaled al awadiKhaled Al Awadi
Greetings
Honored to share the above file with you , hope to be of interest to you.
NewBase Energy News 11 March 2019 - Issue No. 1234 Senior Editor Eng. Khaled Al Awadi
Regards.
Khaled Al Awadi
UAE
Greetings,
Attached FYI ( NewBase Special 16 June 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: Natural Gas Imports Surging on Demand, Minister Says
• ENOC to Buy Dragon Oil for $2.6 Billion After raising bid
• Oman: Germany (MDT) wins ORPIC’s Sohar Refinery contract
• Turkish minister does not envisage new Kurdish oil pipeline
• South Korea’s Iran crude imports soar
• Malaysian LNG Exports Decline Over 13% in April
• Myanmar Exports Gas Worth $170 mn Every Month
• Tanzania: Orca Exploration to proceed with first phase of the Songo Songo
• US:Shell Gets Permit to Disturb
• Oil prices rise as Texas braces for tropical storm
• Oil slump to cost GCC $240 billion in assets
• Oil traders lose faith in rally as Opec pump at records
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme
Greetings,
Attached FYI ( NewBase Special 23 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar Barzan Gas Project to fuel hydrocarbon growth
• UAE:Amec Foster Wheeler set for M.E expansion despite low oil prices
• Kenya Invites Expressions of Interest to Acquire 3D Seismic in the Offshore Lamu
• Ukraine to pay $230/CM for Russian gas – Energy Minster
• US: Oil's Killing U.S. Power Generators, And They Don't Even Burn It
• Oil, bond prices move in opposite directions
• Sustained low oil prices could reduce exploration and production investment
• Conflicting signals continuing to confuse
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2
Gas Market Outlook & LNG Business Fundamentalsenalytica
An overview of global natural gas markets and the fundamentals of the LNG business, presented to the Legislative Budget and Audit Committee of the Alaska State Legislature on January 28, 2014
Greetings,
Attached FYI ( NewBase Special 27 July 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.comor khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Gas Arabia Summit: Unconventional Gas Developments in the GulfEnergy Intelligence
Rana Samaha, Middle East R&A Director at Energy Intelligence, presented at the 10th Gas Arabia Summit, Dubai, January 13, 2015.
These slides include content on:
1.) US Shale gas developments: Key success factors
2.) GCC gas imbalances; role of unconventional gas developments
3.) GCC NOC's different approaches; Saudi Aramco's mandate
Oil quests: African states looking to capitalize on their petroleum resourcesDaniel Brett MSc FRAS
Independent operators are looking to take advantage of high risk, yet high reward areas in the Democratic Republic of Congo (DRC), Ethiopia, and Somalia. Daniel Brett, writing exclusively for the OPEC Bulletin, rounds up the latest developments and challenges so far as Africa continues to develop its oil and gas potential.
Article for OPEC Bulletin
Greetings,
Attached FYI ( NewBase Special 21 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• There are now more than 350,000 plug-in electric vehicles on the road in the US
• Saudi Aramco almost completes Wasit project, waiting for offshore gas’
• Saudi Arabia's Crude Stockpiles at Record High as Exports Fall
• Oman Expects Start of Gas Flow from Khazzan Tight Gas Will Help Attract More Foreign Investment
• Egypt: Petroceltic set to drill in Egypt next year close to Eni's Zohr discovery
• Nigeria’s Oil Refinaries Resume Production
• China to increase push for solar, wind power
Oil prices Special Coverage
• Oil prices rise as U.S. drilling declines
• Oil Speculators Most Bullish in Two Months as OPEC Calls for $80
News Agencies News Release 21 Sep. 2015
• Oil Price Rout Seen as Threat to $1.5 Trillion of New Projects
• Even a slowing China is oil’s best defence against deeper slump
• Five oil company business models that need streamlining
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 201
New base energy news issue 869 dated 09 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 09 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE gas market as World gas market faces glut, says IEA
• India Greka successfully drilled two wells
• US / Canada Fires are reducing Canada’s oil sands production
• Oil prices near 2016 highs as US crude inventories drop
• Oil market is back in balance: Kemp
• Crude prices: This chart says oil could hit $60 — and fast
• World Starts to Turn From Coal as Cheap Oil Gains Market
• World oil reserves stable despite drop in investment -BP
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Microsoft word new base 661 special 10 august 2015Khaled Al Awadi
ttached FYI ( NewBase Special 10 August 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Kuwait energy project spending to hit $100 billion
• Morocco's sole refinery to shut due to financial problems
• UK: Europa Oil & Gas ble Planning Inspectorate decision on its Holmwood
• U.S. Pump Prices Slip to Three-Month Low in Lundberg Survey
• Crude prices down on chronic oversupply, poor China data
• Oil prices to stay lower for longer on supply glut: QNB
• Tesla burns cash, loses more than $4,000 on every car sold
• Oil companies need to resurrect stalled projects
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
New base energy news 11 march 2019 issue no 1234 by khaled al awadiKhaled Al Awadi
Greetings
Honored to share the above file with you , hope to be of interest to you.
NewBase Energy News 11 March 2019 - Issue No. 1234 Senior Editor Eng. Khaled Al Awadi
Regards.
Khaled Al Awadi
UAE
Greetings,
Attached FYI ( NewBase Special 16 June 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: Natural Gas Imports Surging on Demand, Minister Says
• ENOC to Buy Dragon Oil for $2.6 Billion After raising bid
• Oman: Germany (MDT) wins ORPIC’s Sohar Refinery contract
• Turkish minister does not envisage new Kurdish oil pipeline
• South Korea’s Iran crude imports soar
• Malaysian LNG Exports Decline Over 13% in April
• Myanmar Exports Gas Worth $170 mn Every Month
• Tanzania: Orca Exploration to proceed with first phase of the Songo Songo
• US:Shell Gets Permit to Disturb
• Oil prices rise as Texas braces for tropical storm
• Oil slump to cost GCC $240 billion in assets
• Oil traders lose faith in rally as Opec pump at records
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme
Greetings,
Attached FYI ( NewBase Special 23 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar Barzan Gas Project to fuel hydrocarbon growth
• UAE:Amec Foster Wheeler set for M.E expansion despite low oil prices
• Kenya Invites Expressions of Interest to Acquire 3D Seismic in the Offshore Lamu
• Ukraine to pay $230/CM for Russian gas – Energy Minster
• US: Oil's Killing U.S. Power Generators, And They Don't Even Burn It
• Oil, bond prices move in opposite directions
• Sustained low oil prices could reduce exploration and production investment
• Conflicting signals continuing to confuse
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2
Gas Market Outlook & LNG Business Fundamentalsenalytica
An overview of global natural gas markets and the fundamentals of the LNG business, presented to the Legislative Budget and Audit Committee of the Alaska State Legislature on January 28, 2014
Greetings,
Attached FYI ( NewBase Special 27 July 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.comor khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Gas Arabia Summit: Unconventional Gas Developments in the GulfEnergy Intelligence
Rana Samaha, Middle East R&A Director at Energy Intelligence, presented at the 10th Gas Arabia Summit, Dubai, January 13, 2015.
These slides include content on:
1.) US Shale gas developments: Key success factors
2.) GCC gas imbalances; role of unconventional gas developments
3.) GCC NOC's different approaches; Saudi Aramco's mandate
Oil quests: African states looking to capitalize on their petroleum resourcesDaniel Brett MSc FRAS
Independent operators are looking to take advantage of high risk, yet high reward areas in the Democratic Republic of Congo (DRC), Ethiopia, and Somalia. Daniel Brett, writing exclusively for the OPEC Bulletin, rounds up the latest developments and challenges so far as Africa continues to develop its oil and gas potential.
Article for OPEC Bulletin
Greetings,
Attached FYI ( NewBase Special 21 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• There are now more than 350,000 plug-in electric vehicles on the road in the US
• Saudi Aramco almost completes Wasit project, waiting for offshore gas’
• Saudi Arabia's Crude Stockpiles at Record High as Exports Fall
• Oman Expects Start of Gas Flow from Khazzan Tight Gas Will Help Attract More Foreign Investment
• Egypt: Petroceltic set to drill in Egypt next year close to Eni's Zohr discovery
• Nigeria’s Oil Refinaries Resume Production
• China to increase push for solar, wind power
Oil prices Special Coverage
• Oil prices rise as U.S. drilling declines
• Oil Speculators Most Bullish in Two Months as OPEC Calls for $80
News Agencies News Release 21 Sep. 2015
• Oil Price Rout Seen as Threat to $1.5 Trillion of New Projects
• Even a slowing China is oil’s best defence against deeper slump
• Five oil company business models that need streamlining
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 201
India is the world’s fourth-largest energy consumer in the world; oil and gas account for 37.3 per cent of total energy consumption. Buoyant economic growth is the main factor driving the country’s energy requirements.
India has 5.6 billion barrels of proven oil reserves, with an average oil production of 0.8 million barrels per day (MPBD). Oil consumption is estimated to expand at a compounded annual growth rate (CAGR) of 3.4 per cent during FY2008-16 to 4 MPBD by 2016. India has 1,330 billion cubic meters (BCM) of gas reserves and produced 47.6 BCM of gas in 2012.
The Government of India has enacted various policies, such as the New Exploration Licensing Policy (NELP) and Coal Bed Methane (CBM) policy, to encourage investments across the industry's value chain. 100 per cent foreign direct investment (FDI) is allowed in the exploration and production (E&P) projects/ companies; and 49 per cent is allowed in refining.
Liquefied natural gas (LNG) imports have increased significantly; offering huge opportunities for LNG terminal operation, engineering, procurement and construction services.
Indian CGD Players Eye on Profits as Global LNG Crashes to Record Breaking LowsTechSci Research
Pressurized by the supply glut and demand crash, crude oil prices declined by 5 per cent to around $28 per barrel on Wednesday. As per the recent monthly analysis report of International Energy Agency (IEA), the April oil demand will show a dive by 29 million barrel per day (bpd) to break the records in the last 25 years.
13 Energy Efficiency Initiatives for Saudi Arabia on Su.docxdurantheseldine
13
Energy Efficiency Initiatives for Saudi Arabia
on Supply and Demand Sides
Y. Alyousef1* and M. Abu-ebid2
1Energy Research Institute, King Abdulaziz City
for Science and Technology, Riyadh,
2AEA Technology plc, Didcot,
1Saudi Arabia
2United Kingdom
1. Introduction
The Kingdom of Saudi Arabia (KSA) is blessed with an abundance of energy resources. It
has the world’s largest proven oil reserves, the world’s fourth largest proven gas reserves,
has abundant wind and solar renewable energy resources, and is the world’s 20th largest
producer and consumer of electricity. Saudi Arabia makes negligible use of its renewable
energy resources and almost all its electricity is produced from the combustion of fossil
fuels. Despite attempts to diversify the economy, the oil and gas industry still accounts for
approximately 75% of budget revenues, 45% of GDP, and 90% of export earnings.
Exploitation of the natural resources has allowed the Saudi government to keep energy
prices low through a system of direct and indirect subsidies. The nation has benefited
greatly from these policies, but together with increased prosperity and sophistication, a
culture of wasteful energy usage has become established.
KSA is experienced rapid economic growth over recent years. Since 2000, the energy
consumption per capita has increased by more than 30%. This increase in primary energy
consumption has occurred during a period of declining oil exports. In 2008, the total
primary energy consumption has approximately reached 800 million barrels of oil
equivalent (BOE), of which more than 60% was oil. The consumption of primary energy
within the Kingdom is expected to double in 2030 leading to diminishing oil exports based
on current trends (Ministry of Water and Electricity, 2009).
There is widespread recognition within KSA that with growing internal demand for
primary energy there will be a declining proportion of oil for export. Consequently, the
national government has identified energy efficiency as a key national priority, reflecting the
rapid increase in domestic consumption of petroleum products, related GHG emissions and
the associated opportunity cost of lost export revenues. There is also a strategic national
push to develop an energy efficiency and renewable technology R&D and manufacturing
base in an attempt to diversify the economy away from fossil fuels.
*Corresponding Author
www.intechopen.com
Energy Efficiency – A Bridge to Low Carbon Economy
280
2. Fossil fuel production and consumption
2.1 Oil production and consumption
Saudi Arabia is the largest producer and net exporter of oil in the world with more than 10
million barrels/day produced in 2007. The state-owned oil company, Saudi Aramco, is the
world’s largest oil company. The country has around 100 major oil and gas fields and more
than 1500 wells. Recently, the Saudi Arabia’s Ministry of .
Market Research Report : Oil and gas market in china 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract:
Netscribes latest market research report titled Oil and Gas Market in China 2014 states that the market is expected to witness rapid growth owing to high untapped oil and gas reserves in the country. Rise in population and growing urbanization has led to a surge in energy demand in China. Increasing energy requirement in the country will have a favorable impact on the demand for oil and gas market in China. Growing petrochemical sector and automotive sector is also expected to foster growth of this market. These factors will ensure that the market continues to exhibit steady future growth. However, the market also experiences some pain points. Target to reduce CO2 emission also acts as the greatest hindrance to the development. Increase in foreign dependence for oil and gas supply and growing emphasis on renewable energy utilization to act as a major challenge to the Chinese oil and gas market. Although Chinese players are making overseas investments with a view to reduce foreign dependence for oil and gas. Players are also venturing into construction and expansion of oil and gas terminals with a view to obtain a secure supply of natural gas.
The Government of China is actively involved in the development of the domestic oil and gas market. Different pricing and tax reforms were introduced by the government with a view to promote the market. Chinese 12th five year plan has outlined several steps to develop the oil and gas industry in China. Oil and gas market has grown over the past decade at a remarkable rate in China and is expected to grow rapidly owing to increasing energy requirements in the coming future.
Table of Contents:
June 2014 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
INDUSTRY ANALYSIS : Oil & Gas Industry
COMPANY ANALYSIS : HPCL
Concept of the Month
Quiz
Did You Know?
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
2. Page 2 of 13
Biggest gainer of gas price increase is Govt owned ONGC and not RIL
1. Domestic gas sales in the country is currently about 80 mmscmd.
2. Out of this Government owned exploration and production (E&P) companies i.e.
ONGC and OIL sell around 60 mmscmd or around 75% of the total sales. The
remaining sale is by other players.
3. ONGC has recently stated on record that the gas price increase would result in
Rs. 16,000 crore per year incremental revenue to ONGC.
4. Reliance Industries (RIL) operated KGD6 block currently produces only about 13
mmscmd. RIL owns 60% share in this block. Thus, RIL share of production is
only about 8 mmscmd.
5. Thus, if ONGC which sells about 55 mmscmd of domestic gas and has
incremental revenue of Rs. 16,000 crore per annum, how can RIL which
produces only 8 mmscmd, have an incremental gain of Rs. 54,000 crore per year
as alleged?
6. A gas price increase to $ 8 / MMBtu would result in incremental revenue of only
about Rs. 2,400 crore per annum to RIL. Out of this RIL would pay royalty and
taxes to the Government. The remaining money also would not be profit as RIL
has still not recovered its investments in the E&Pbusiness. RIL (with its partners)
have spent around $ 12.5 billion in the E&P sector in India.
7. Thus, to say that RIL would gain Rs. 54,000 crore per year due to the gas price
increase is baseless and motivated propaganda.
** MMSCMD – Million Standard Cubic Meters per Day
3. Page 3 of 13
The fact is that the country will stand to lose Rs. 1,20,000 crore per year if the
gas prices are not increased as the gas will have to be imported benefiting
foreign companies.
1. Today the domestic gas consumption of core sectors in India is as follows:
- Fertiliser – 31 mmscmd
- Power – 24 mmscmd
- Total – 55 mmscmd
2. Once the domestic gas price increases to $ 8 / MMBtu ( Energy unit), the impact
of $ 4 / MMBtu increase in price would result in increase in fuel cost of core
sectors as follows:
- Fertiliser – 31 mmscmd i.e. Rs 9,300 crore per annum
- Power – 24 mmscmd i.e. Rs 7,200 crore per annum
- Total – 55 mmscmd i.e. Rs 16,500 crore per annum
3. The projected demand of these sectors is much more than 55 mmscmd. It is
estimated that the total demand from these sectors would be 169 mmscmd by
2015-16, as follows:
Demand (mmscmd) 2015-16
- Fertiliser 57
- Power 112
- Total 169
4. Based on recent statements of ONGC, its biggest discovery in KG basin may not
be viable at even $ 8 / MMBtu and some fields in Mahanadi basin would require $
11 / MMBtu. Thus, if domestic gas prices are not increased, there will be no
incremental production and existing fields will continue to decline.
5. If domestic gas is not available, these core fertilizer and power sectors would
have to depend on alternate fuels. The cheapest alternate would be Liquefied
Natural Gas (LNG) (or in case LNG is not available then even costlier fuels like
naphtha, diesel). To meet the demand of gas the LNG import requirement would
be as follows:
Demand
2015-16
(mmscmd)
Domestic
supply
mmscmd*
LNG import
reqd
(mmscmd)
- Fertiliser 57 31 26
- Power 112 24 88
- Total 169 55 114
(*ignoring the production decline due to no investments in E&P sector)
4. Page 4 of 13
6. The price of LNG import in the country today is $ 14- $ 19 / MMBtu. At $ 14 /
MMBtu, the cost of LNG import to meet gas demand of core sector would be Rs
1,20,000 crore per year.
7. Thus, by not creating the right investment environment in the E&P sector through
market based pricing the country will lose Rs 1,20,000 cr per year.
5. Page 5 of 13
It is being alleged that RIL deliberately reduced the production to take benefit
of future price rise. This is technically impossible.
1. Any attempt to hold back production in an existing field immediately shows up in
pressure anomalies in the affected wells.
2. Each well is like the release valve of a huge pressure cooker where the oil and
gas has literally been cooking for millions of years - hold back gas in one well
and the pressure difference is immediately apparent in the next well.
3. Simply putting it, if gas is being hoarded, pressure in all producing wells cannot
decline uniformly. Pressure decline is a sure sign that the pressure cooker is
running out of steam.
4. The decline of production in D1 & D3 fields in KGD6 block is due to reservoir
complexity & geological surprises and not due to hoarding.
5. RIL has been insisting to appoint an international expert to check the volume of
gas available for production from D1 & D3 fields in KGD6 block.
6. Reservoir surprises are common in the industry. There are various examples
both in India & abroad:
i. Neelam field (where the planned production of 130,000 bbls / day came down
to 30,000 bbls / day within a couple of years into production)
ii. Imperial Oil acquired by ONGC in Russia (where against planned production
of 80,000 bbl / day current production is just about 15,000 bbl / day)
iii. ONGC onshore / shallow water nomination blocks in KG basin (where
expected production was 16 mmscmd but actually never crossed 6-7
mmscmd and has now fallen to less than 3 mmscmd)
iv. Laxmi and Gauri fields in Cambay basin where production fell drastically after
2-3 years
6. Page 6 of 13
Cost of production of gas in India can never be $ 1 / MMBtu
1. ONGC currently has gas production only from on land and shallow water blocks.
It does not have any production from a deepwater blocks like RIL operated KG-
D6 blocks.
2. ONGC Chairman has recently stated that its cost of production from these onland
and shallow water blocks is about $ 4 / MMBtu and it is hardly making any profit
with current gas price of $ 4.2 / MMBtu.
3. Further, ONGC Chairman has stated that it will not be able to produce any gas
from its deep water block in KG basin at current price of $ 4.2 / MMBtu. ONGC’s
Vashishtha gas discovery in KG basin would be viable only at $ 6.7 / MMBtu.
Further some of its discoveries in Mahanadi would be viable only at $ 11 /
MMBtu.
4. It is a well-known fact that DGH has dis-allowed development of several gas
discoveries since they are not viable at current gas price if $ 4.2 / MMBtu.
5. It is clear from the above statements of ONGC that gas production cost from a
deep water block cannot be $ 1 / MMBtu
6. It has been stated by certain vested groups that the cost of production from KG-
D6 block is less than $ 1 / MMBtu, quoting a letter by RIL to DGH;
a. The cost of production as alleged is nothing but post-production costs
between the well head and delivery point which in 2009-10 was estimated as
$ 0.89 per MMBtu for that year.
b. The figure was required because royalty on gas produced was to be paid at
the well head value which value had to be derived by subtracting the post well
head cost ($ 0.89 per MMBtu) from the approved price of $ 4.2 per MMBtu.
c. Post production cost between the well head and delivery point is only a small
component of the total cost of production. To calculate production cost, in
addition to the post production cost between well head and delivery point (i.e.
$ 0.89 per MMBtu), the expenditure incurred in discovery, appraisal,
development production, maintenance will need to be considered; eg. cost of
drilling of wells, production expenditure including work-overs expenditure,
exploration & appraisal costs etc.
d. In addition, RIL and its partners has spent around $ 4 Billion on nonKG-D6
blocks; $ 1.9 billion on relinquished blocks (failed exploration) and expected to
spend another $ 1.8 billion on other NELP blocks till end of FY2014 where
there is still no certainty of recovery.
7. Page 7 of 13
Gas price increase will not result in inflation as alleged.
To sensationalize the issue of gas price, the impact of gas price increase on the
economy / overall sector has been overstated by the vested interests. They have
cited that gas price increase will lead to hike in the prices of fertilisers, power, food
prices, cooking gas etc and that the common man will suffer. The impact of gas price
increase in these sectors is marginal and is analysed below:
1. Fertiliser sector –
a. It has been argued that, because of the increase in gas price, the cost of food
grains would increase as the cost of fertilisers to the farmers would increase.
b. Over the years the cost of fertilisers in the country has been rising due to
increased import of fertilizer and increase in cost of production of domestic
fertilizer.
c. Despite the above, the Government has not increased the fertiliser prices sold
to farmers and absorbed the increase through subsidy.
d. Currently fertiliser sector consumes around 31 mmscmd of gas. The impact of
increase in gas prices, assuming the entire burden is absorbed by the
Government in the form of subsidy, would be around Rs 9,300 crore.
e. ONGC has been on record recently saying that it would have incremental
revenue of Rs 16,000 crore per annum when the gas prices will increase in
April.
f. In addition, Goverment would gain from additional royalty and taxes from
other producers.
g. Thus, increase in subsidy of the Government can be easily set-off through
incremental revenues of the Government.
2. Power Sector –
a. Gas based power generation is less than 5-8% of total power generation in
the country. The remaining is through coal, hydel, nuclear etc. So it is huge
exaggeration to say that gas price increase will result in substantial
increase in the power tariff.
3. LPG –
a. Gas based LPG production accounts for less than 12% of the total LPG
consumption in the country. The remaining is produced in the refineries or is
imported.
b. LPG cannot be produced from RIL gas from the KG basin since it does
not have C3/C4 fractions required to produce LPG. So accusing RIL on
this count is only a misinformation.
c. Gas based LPG is produced primarily by ONGC. Since ONGC produces LPG
out of its own gas, the cost of its LPG production does not increase.
8. Page 8 of 13
4. CNG/ food prices –
a. It has been argued that increase in gas price would increase inflation as cost
of transportation of goods would increase.
b. Unlike diesel, CNG reach is very minimal and CNG accounts for less than 3 %
of the vehicular population in the country.
c. In fact no trucks carrying food or other essential items run on CNG.
d. It is to be noted that the Government has recently increased the domestic gas
supply to all city gas distribution companies like IGL in Delhi, MGL in Mumbai,
Gujarat Gas in Ahmedabad etc. to meet their CNG demand.
e. Assuming the base price of $ 4 per MMBtu of the gas another $ 3.5 are added
on A/C of distribution, transportation and other expenses to total cost in a city
like Delhi is $ 7.5 per MMBtu (Rs. 23 per kg) whereas today CNG is being
sold at $ 12 per MMBtu (Rs. 35 per kg). So any increase can easily be
absorbed without increasing the price for the retail consumer.
9. Page 9 of 13
Why market price denied to gas producers when all producers of Oil (including
private sector) get market price?
1. India is primarily an oil driven economy, as oil’s share is 75% of the total
hydrocarbons consumed whereas dependence on gas is only 25%.
2. India is low on energy self-sufficiency and hugely dependent on imports specially
in the hydrocarbon sector. While self-sufficiency in oil is at about 23%, for gas it is
around 60% currently.
3. To improve India’s self-sufficiency, the Government had invited private sector
participation in the E&P sector, by offering them discovered fields pre-NELP and
later through NELP under which exploration blocks were offered.
4. India currently produces more oil than gas - while the current oil production in the
country is around 38 mmtoe, the natural gas production in the country is about 30
mmtoe (including internal consumption by the producers).
5. The mix of private sector production versus public sector production (ONGC/OIL)
in case of both oil and gas is about the same. In both cases its around 25%. The
price of oil and gas both impact subsidy burden of the Government. In fact
Government gives subsidy on Diesel, LPG, Kerosene and Petrol which are all
produced from oil. In case of Gas, the Government gives subsidy only on
fertilisers produced from gas. In fact gas related subsidies would be about one
fifth to that of oil.
6. Both are produced by the private sector under similar PSCs with the Government
7. Both oil & gas are national resources
8. Then, why is it the case that all the oil producers in the country like Cairn, BG,
ONGC, OIL get international import parity linked oil prices for their production,
which is currently more than $ 18+ / MMBtu whereas all kinds of issues are being
raised for gas prices even when they have been unilaterally fixed by the
Government based on a formula that would give the domestic gas producer less
than 50% of the import parity price of LNG.
9. It is clear that the entire propaganda is motivated.
10. Page 10 of 13
There was no contract to supply gas to NTPC at $ 2.34 / MMBtu
1. In 2003, RIL had bid price of $ 2.34 / MMBtu to NTPC in a tender process
conducted by NTPC.
2. RIL at that time also had bid a market price to NTPC. In 2003, the oil prices were
$ 25 / bbl (so $ 2.34 was around 9% of oil price in $ / bbl) and LNG prices were
around $ 3.5 per MMBtu. So the bid was based on market conditions at that time
and not based on viability/ economics of the fields
3. There was never a contract which was concluded with NTPC and RIL had only
submitted a bid. In fact NTPC did not accept RIL signed contract at $ 2.34 under
which RIL was committed to supply at that price, instead NTPC went to court.
4. Price approval of the Government of $ 4.2 was based on market price discovery
in 2007 – again at that time oil prices were around $ 60 / bbl ($ 4.2 being 8% of
oil prices) and LNG prices in India were $ 4 - 5 / MMBtu ($ 4.2 being 80-100% of
LNG prices)
11. Page 11 of 13
Even after increase in gas prices, domestic natural gas would remain the
cheapest fuel in the country
Different Fuel rates in $/MMBtu.
Fuel $/MMBTU Based on
1 Subsidized LPG 12 Rs.450/cyld
2 Non-Subsidized LPG 33 Rs.1134/cyld
3 CNG (New Delhi) 12 Rs.35/kg
4 CNG (Mumbai) 13 Rs.39/kg
5 Naphtha 24 Rs.66000/ton
6 Diesel (Subsidised)
Mumbai
20 Rs.63/ltr
7 Diesel (Subsidised)Delhi 18 Rs.55/ltr
8 Fuel Oil 17 Rs.44000/ton
9 Kerosene (subsidised) 4.5 Rs.15/ltr
10 Spot LNG 19 $19/MMBtu
11 Domestic Natural Gas 8
12. Page 12 of 13
By approving higher investment expenditure the Government allowed windfall
revenue of Rs. 1.2 lakh crore ($ 20 billion) to RIL. CAG has remarked that there
is a strong evidence that RIL is gold plating its capital expenditure:
1. The investment costs rose because of increase in reserves as well as 200 % to
300 % increase in the prices of commodities, goods and services internationally
between 2003 and 2006.
2. The CAG audit for the years 2006 to 2008 never even once mentions the word
“gold plating”. It also does not quantify any excess expenditure but only
comments on the procurement processes. The PAC has asked the CAG to
quantify so called excess expenditure upon which the CAG has assured that it
will do so during the audit of the following years. The audit for the years 2008
onward in still ongoing.
3. In any case it is impossible to comprehend how costs can become windfalls
unless the costs themselves are fraudulent. No such charge has been levied by
anyone against RIL to date. A forensic audit has already confirmed that all
expenses were in fact incurred and corresponding payments made to unrelated
third parties.
13. Page 13 of 13
Some Ministers have been shunted out as Petroleum Minister because they
were not favorable to Reliance. Further, gas prices have been increased now
to favour RIL.
1. It is alleged that Mr. Mani Shankar Aiyar was shunted out as Petroleum Minister
for not allowing increase in the cost of the investment. It is only a malafide
propaganda, Mr. Mani Shankar Aiyar left the Petroleum Ministry in January 2006.
The Revised Development Plan was first submitted ten months later in October
2006.
2. It is alleged that Mr. Jaipal Reddy was removed because he opposed higher
prices to RIL, then Moily gave higher prices to RIL. Again factually incorrect. The
price revision was due in April 2014. It was Mr. Jaipal Reddy (not Mr. Moily) who
requested for the appointment of the Dr Rangarajan Committee in May 2012. It
was on this Committees’ recommendations, the CCEA approved the revised gas
price.
3. It is alleged that Congress-led UPA government "favoured" Reliance Industries
Ltd by doubling gas prices to $ 8.4 with an eye on 2014 general elections and
BJP is maintaining "silence" hoping to gain corporate funding for the polls.
However elections have nothing to do with the price revision mechanism of the
gas. The prices had to be revised not because of the elections but because the
prevailing price formula ceases to be valid w.e.f. 1/4/2014. NELP as per the
approved terms of offer had invited International bids on the promise that
Contractors would be allowed to sell gas at arms-length market prices. Both the
terms of offer as well as the PSC were framed in 1997 when neither the
Congress nor the BJP was in power. The fact is that one of the complainants in
the FIR was Secretary to the Cabinet which approved the terms that are now
being implemented. How is it that he is questioning a decision that he was also a
party to as the Cabinet Secretary?