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Oil CEOs raise alarm over market's readiness to drop fossil fuels

A coming transition from oil and gas to renewables will be "messy" for many years and lead to sharp energy price volatility as demand and supply clash, top energy executives said on Tuesday. The World Petroleum Congress, a gathering to discuss the future of oil and gas and explore new technologies, emerged as a counterpoint to last month's COP26 climate change conference. Subhash Kumar, managing director of India's state-run explorer Oil and Natural Gas Corp, echoed the war...
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Source: aol.com

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Ministry proposal to give Mumbai High field to pvt sector "systematic weakening" of ONGC:E A S Sarma - Jammu Kashmir Latest News | Tourism

New Delhi, Nov 25: The Oil Ministry’s proposal to strip ONGC of its main oil and gas producing fields of Mumbai High and Bassein in the western offshore is a “systematic weakening” of the state-owned firm, well-regarded former bureaucrat E A S Sarma has written to the Prime Minister. In the letter to Prime Minister Narendra Modi, the former secretary to the government of India, said instead of “weakening” ONGC, the government should adopt a conscious strategy to str...
Amar Nath New Delhi Subhash Kumar Prime Minister Narendra Modi Ministry Of Petroleum

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