Shale Spending Is Set To Soar

Oil prices are rising and the worst of the downturn appears to be over. After two years of spending cuts, 2017 could mark the first time in several years that spending levels across the oil and gas industry increase.

North American oil and gas companies could ratchet up spending by as much as 30 percent, according to Raymond James. That will be possible because banks are finally showing signs of loosening credit once again, after two years of slashing lending.

Click here to read the complete OILPRICE.COM article

Swati Vaidya retires after more than 31 years at Premcem!

Swati Vaidya retires after spending over 31 years at Premcem! The occasion was celebrated with a farewell lunch where everyone spoke about their favourite moments with Swatiben. She has been a very important part of the “Premcem family” and we wish her the very best for the years to come!

IEA’s Medium-Term Oil Market Report released

The International Energy Agency (IEA) released its Medium-Term Oil Market Report on 10-Feb-15.

Some highlights:

  • Non-OPEC production more responsive to price swings and sets the stage for a relatively swift recovery
  • US shale industry may be “stronger” in 2020
  • Light Tight Oil (LTO) the new swing producer
  • Global demand to grow slightly faster than supply capacity
  • Saudi Arabian dominance of the OPEC market to decline

To read the Executive Summary of the Medium-Term Oil Market Report 2015 please click here.

To read Executive Director Maria van der Hoeven’s speech at the launch of Medium-Term Oil Market Report 2015, please click here.

To view the presentation that accompanied Executive Director Maria van der Hoeven’s speech, please click here.

BNK Petroleum gets encouraging test results for its shale gas well in Poland

BNK Petroleum has got encouraging test results for the Gapowo B-1H shale gas well in Poland and based on those findings the Company believes further wells are warranted.

Click here to download the full news release

Tifac wants guar taken off commodity exchanges to arrest price volatility

By PTI | 16 Dec, 2014, 08.55PM IST

MUMBAI: A think-tank under the Union Science and Technology Department has called for freeing guar gum from the clutches of speculators and commodity exchanges to bring about price stability.Gaur is currently trading at Rs 8,832 a quintal and the price is expected to remain high on expanding demand from the US shale gas industry and is estimated to shoot up to Rs 11,729 a quintal by 2020, according to the Technology Information, Forecasting and Assessment Council (Tifac).

Happy birthday, Mr. Chairman!

The Premcem Gums’ team wishes Mr. Pratap Joisher, our Chairman and Managing  Director, a very happy Birthday! As he turns 75 today, our best wishes are with him and his family. We also take this opportunity to salute his exemplary vision, his indomitable spirit and his unwavering resolve to give back to society. We thank him for being the father figure at Premcem Gums and wish him many happy returns of the day!

Premcem Gums Gandhidham facility is SMETA 4 audited & certified

Today, we have received the letter from Bureau Veritas India who conducted the audit for our Gandhidham site. We have successfully met all the SMETA 4 requirements and are SMETA 4 certified. The auditors have not given us a single non-compliance and nor any observation at the close of the audit. This is a proud moment for Premcem Gums and the entire team congratulates Ratilal bhai, Vinod bhai, Anviksha, Vigyan, Pravin bhai, the PGG team & the FHG Team who were working on this project.

Congratulations Bhavna Govekar, Happy 20!

The Premcem Gums Team congratulates Bhavna on completing 20 years of service with Premcem Gums today. On this important date we wish you success in your personal and professional life.

Premcem Gums Ahmedabad facility is SMETA 4 audited & certified

Today we received the letter from Bureau Veritas India attesting that the Premcem Gums Ahmadabad facility is SMETA 4 audited and certified.  We are delighted as this is our first Sedex certificate and a feather in our cap. The Premcem Gums team congratulates Ratilal bhai, Anviksha, Pravin bhai and the PGA team who made this possible.

Congratulations to our oldest employee Swati Vaidya, Happy 30!

The Premcem Gums Team congratulates congratulations you Swati ben on this important milestone of completing 30 years with Premcem Gums today. You have touched all our lives and we will always remember your ever smiling face and enthusiasm. We thank you for being a part of the Premcem Gums team and wish you all the very best in personal and professional life.