December,11,2018,Tuesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Petrol prices cut for 3rd day in a row; check rates in Delhi, Mumbai, other cities

Petrol prices cut for 3rd day in a row; check rates in Delhi, Mumbai, other cities

The oil marketing companies on Sunday cut petrol rates by 10 paise in the national capital. The petrol is available at Rs 76.37 per litre in Delhi today.

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MOST NOTABLE STORIES OF THE WEEK

Rapid rail depots to be stations too

Rapid rail depots to be stations too

The National Capital Region Transport Corporation (NCRTC) has decided that passenger services will be available at the two depot stations along the proposed Delhi-Ghaziabad-Meerut RRTS (regional rapid transit system) corridor.

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Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities

Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities

About half a dozen Gujarat-based companies have submitted 99 bids for city gas licences, which accounts for almost 25% of the total 406 offers received by Petroleum and Natural Gas Regulatory Board (PNGRB) to sell piped natural gas (PNG) as well as compressed natural gas (CNG) in 86 Indian cities.

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Oil companies: A value buy in Indian markets

Oil companies: A value buy in Indian markets

Indian markets have been the fancy of investors from early 2014 onwards. However, while this rally has stayed strong over the last four years, clouds over the public sector banks (PSBs) due to growing NPAs

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Cabinet Tweaks Pre-NELP Oil Blocks, Reduces ONGC Burden Of Levies

Cabinet Tweaks Pre-NELP Oil Blocks, Reduces ONGC Burden Of Levies

The Cabinet today tweaked pre-1999 oil and gas contracts to provide for proportionate sharing of statutory levies like royalty and cess between the operators of an area, and not put the entire burden on state-owned ONGC.

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ONGC board approves exiting Pawan Hans, to sell 49% stake

ONGC board approves exiting Pawan Hans, to sell 49% stake

The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, officials with direct knowledge of the development said.

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EVs Have The Potential To Fuel India’s Growth

EVs Have The Potential To Fuel India’s Growth

A recent report by the World Health Organization revealed that 14 of the 20 most polluted cities in the world are in India.

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Amid Threats Of US Sanctions, India And Iran Discuss Oil Trade

Amid Threats Of US Sanctions, India And Iran Discuss Oil Trade

India and Iran today deliberated on ways to deal with the possible impact on oil trade between the two countries due to the US sanctions on import of Iranian petroleum products.

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