December,17,2018,Monday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Northeast To Be Connected With National Gas Grid: Oil India CMD

Northeast To Be Connected With National Gas Grid: Oil India CMD

A top Oil India Limited (OIL) official on Saturday said Guwahati and other state capitals of northeastern states are likely to be connected to the National Gas Grid within next three years.

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MOST NOTABLE STORIES OF THE WEEK

Indian ONGC’s Apr-Jun crude output falls 3.5% on year to 6.2 mil mt

Indian ONGC’s Apr-Jun crude output falls 3.5% on year to 6.2 mil mt

Indian state-owned upstream company Oil & Natural Gas Corp. said that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt (499,407 b/d). Natural gas output, on the other hand, rose 3.2% on the year to 6.2 Bcm.

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India plans to set up LNG terminal in Myanmar

India plans to set up LNG terminal in Myanmar

India is planning to set up a liquefied natural gas (LNG) import terminal in Myanmar as it looks to expand energy diplomacy in its neighbourhood, Oil Minister Dharmendra Pradhan said today.

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Discount On Digital Payment At Petrol Pumps Cut To 0.25%

Discount On Digital Payment At Petrol Pumps Cut To 0.25%

Less than 20 months after a cashback was offered at petrol pumps to promote digital payment, the incentive has been cut to 0.25 per cent from 0.75 per cent, people with knowledge of the development said.

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Restrain oil imports from neighbouring nations: SEA

Restrain oil imports from neighbouring nations: SEA

India’s cooking-oil traders’ body has urged New Delhi to restrain imports of refined edible oilsNSE -0.37 % from its immediate neighbourhood as increasing zero-duty sea shipments from Bangladesh and Sri Lanka could hurt local millers and oilseed farmers.

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Restrict import of duty free oil from SAARC countries: Traders to Centre

Restrict import of duty free oil from SAARC countries: Traders to Centre

Claiming that traders were routing edible oils produced in Malaysia and Indonesia through SAARC countries to evade import duties in India, Saurashtra Oil Mills Association (SOMA),

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India To Launch Second Oil And Gas Field Auction On August 9

India To Launch Second Oil And Gas Field Auction On August 9

The government plans to launch the auction of 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) on August 9, regulator DGH said.

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