Latest news with #Gas
Reuters
2 days ago
- Business
- Reuters
GAIL India posts bigger-than-expected drop in quarterly profit on higher input costs
July 28 (Reuters) - Gas distributor GAIL (India) ( opens new tab posted a bigger-than-expected fall in quarterly profit on Monday, as higher raw material costs weighed on stable demand. GAIL, India's top natural gas distributor by market share, said its net profit after tax fell 30.8% to 18.86 billion rupees ($217.67 million) for the quarter ended June 30. Analysts, on average, had expected profit to fall 26.6% to 19.99 billion rupees, according to data compiled by LSEG. A 3.3% rise in the company's revenue during the quarter was outweighed by a 22.66% jump in raw material costs, which drove total expenses up by 7%. In April, the Indian government reduced the allocation of low-cost domestic natural gas to city gas distributors, due to a decline in output from domestic producers. India's natural gas production dropped by 0.9% year-on-year in April, followed by further declines of 3.6% in May and 2.8% in June. To keep supplies steady, city gas firms turned to costlier gas sources. The gas marketing segment, GAIL's largest revenue contributor through wholesale trading and natural gas distribution, reported a 5.3% rise to 310.03 billion rupees. Revenue from its natural gas transmission segment, through which GAIL holds a 70% market share in the country, fell 2.1%. Shares of GAIL fell 1.6% ahead of the results. ($1 = 86.6450 Indian rupees)
Zawya
5 days ago
- Business
- Zawya
Angola boosts oil output by 60,000 bpd
Angola's attempts to stabilise its waning crude oil production received a boost when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency, ANPG, said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production, which has halved due to maturing fields since reaching a peak of around 2 million barrels per day (bpd) in 2008. Last year, President João Lourenço approved a law that offers new incentives to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the Begonia project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1 million bpd, government and company officials said. "This is good news for the country. First oil is always very important," Paulino Jerónimo, chairman of the board of directors of the National Agency for Oil, Gas, and Biofuels (ANPG), said in a statement. Block 17 is operated by TotalEnergies with a 38% stake, together with Equinor (22.16% stake), ExxonMobil (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Situated some 150 kilometres off Angola's coastline, Begonia is the country's first inter-block subsea development that links Blocks 17 and 17/06 and uses the Pazflor FPSO. "We will produce oil from one block using existing facilities from another," Martin Deffontaines, general manager of TotalEnergies Angola, said in a statement.
Hindustan Times
6 days ago
- Health
- Hindustan Times
‘Doctor dismissed it, Grok didn't': Elon Musk backs Nikita Bier's viral diagnosis post
Elon Musk has reacted to a post shared by X's product head, Nikita Beir, claiming that a test suggested by Grok, which a doctor initially ignored, turned out to be helpful in the end. The viral post has prompted a heated debate on social media about the involvement of artificial intelligence in healthcare. Elon Musk reacted to a post shared by X's product head Nikita Bier. (AP) 'Current state of the medical establishment: Brought a friend to the ER for a high fever. Put their symptoms into Grok. Grok told me to ask for 4 tests. Doctor said 1 of them is unnecessary. I insisted we do them all. Test came back positive on the one he didn't want to do,' Nikita Bier wrote. Elon Musk responds: Replying to Bier's tweet, Musk posted, 'Always check with @Grok.' How did social media react? Elon Musk's response to the tweet prompted people to share varied remarks. While some posted similar stories, others warned about relying too much on artificial intelligence. A few expressed their doubts over Bier's tweet. An individual commented, 'I checked my niece's symptoms with Grok a couple of weeks ago (weird swelling in her finger), and Grok noticed something weird about her nail that wasn't super clear. I went to the hospital, and she had an infected nail bed!' Another shared, 'What were their symptoms and what tests did the doctor order and what tests did they leave off? This is important to your story being remotely believable btw which is probably why you left it off.' A third warned, 'Careful. It's a pattern-matching engine. It doesn't understand the rhyme or reason for those tests... it only knows what was fed into it for training data and what it can glean off the internet. That being said? YEAH. Why do you think they call it, 'practicing,' medicine?' A fourth wrote, 'A good doctor with experience would not have needed AI at all. Sorry to say that to all you AI lovers.' Who is Nikita Bier? Nikita Bier, better known as the founder of apps like Gas and TBH, announced he was joining X as the company's product head. In a tweet posted on July 30, he wrote, 'Ladies and gentlemen, I've officially posted my way to the top: I'm joining X as Head of Product. X is the most important social network in the world. It's where internet culture originates and where the world's most influential people convene.'
Daily Record
6 days ago
- Sport
- Daily Record
Djeidi Gassama to Rangers transfer is ‘smart' – I worked with him and this is why I find move intriguing
It was a debut to remember for the winger as he made an instant impact in the Champions League win over Panathinaikos As instant impacts go, it couldn't have got much better for Rangers new boy Djeidi Gassama. Introduced in the second half by Russell Martin against Panathinaikos, the winger fired home what could prove a crucial second goal as the Light Blues take a two goal advantage to Greece in their Champions League second round qualifier. We told you last week how Barry Bannan told the Ibrox side that they had secured a bargain buy in the 21-year-old after his £2.2million move from Sheffield Wednesday. And that theory has been backed up once again by Chris Powell, who worked closely with him for the past couple of years during his time at the English Championship club. He believes Gassama will prove a 'match winner' for his new club and can reach double figures for goals and assists this season. Powell also reckons that the winger is one of those who can fit the player trading model of netting the club a tidy profit down the line as he backed the 'clever buy' to improve even more in the next couple of years at Rangers. Speaking to the Rangers Review, he explained: 'The stage is now set for him. Gas is still young, he's 21, he's he's still on that journey and nowhere near what anyone thinks he will be. "What I do know is that under more guidance from Russell [Martin] and with the support of his teammates, the fans will really like him because he just enjoys playing and beating people with the ball. 'As a player, there are so many tools he has to work with and it's a real intriguing move for him because it's high pressure at Rangers. "Listen, he's slightly used to that from his time at Wednesday which is a big club, and for a 21-year-old, he handled that really well. I just think it's a very smart and clever buy for the money that Rangers have paid. "I can only see Gas improving and in a few years time, he might be bought again, but you know, that's the model. I really believe he can be one who could do that.' He continued: 'The players will like him, the manager will like him because he's a match-winner. I think he can get double figures. "He should manage that total for both goals and assists this season. I think if he's fit and providing anywhere near what he can produce, he can reach that. 'Of course, it's important that he does settle early to give him that confidence. He's someone who can unlock deep defences, which Rangers will come against all the time. "I see him as a player who can create and score goals for Glasgow Rangers, I really do.'
The Star
22-07-2025
- Business
- The Star
Capital Markets Malaysia launches emissions calculator for SMEs
Securities Commission Malaysia building at Kuala Lumpur KUALA LUMPUR: Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), today launched the SEDG Greenhouse Gas (GHG) emissions calculator to help small and medium enterprises (SMEs) measure and report their emissions. CMM said in a statement that the tool is designed to help Malaysian companies measure and report their scope 1 and scope 2 emissions based on the globally recognised GHG protocol. SC executive chairman Datuk Mohammad Faiz Azmi said accurate emissions measurement was increasingly critical for Malaysian SMEs, particularly those operating in global supply chains, as customers demand greater disclosure. "The SEDG GHG emissions calculator simplifies a complex process, making emissions reporting accessible even to first-time users. "Beyond reporting, it also enables companies to pinpoint key emission sources across operations, allowing them to make informed decisions and move towards meaningful climate action,' he said. He added that the calculator complements the SC's efforts to promote consistent and credible sustainability disclosures and supports the adoption of the National Sustainability Reporting Framework. Meanwhile, CMM general manager Navina Balasingam said the agency conducted a series of user acceptance tests across various supply chain sectors to ensure the tool met SMEs' needs and expectations. She said the calculator is available free of charge in three languages - English, Bahasa Melayu and Simplified Mandarin - to ensure broad accessibility. - Bernama
