October,20,2018,Saturday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Indian Oil Corporation Ltd's Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates

Indian Oil Corporation Ltd's Q1FY19 Standalone Net Profit Rises 50.18% Yoy To Rs6,831.10cr: Beats Estimates

Indian Oil Corporation Ltd. reported Q1FY19 results beating street estimates.

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MOST NOTABLE STORIES OF THE WEEK

India to step up use of biofuels to cut oil import bill

India to step up use of biofuels to cut oil import bill

India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said on Friday.

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Indraprastha Gas first quarter net profit up 9.3 per cent at Rs 176 crore

Indraprastha Gas first quarter net profit up 9.3 per cent at Rs 176 crore

City gas supplier Indraprastha Gas Limited (IGL) on Friday reported a 9.31 per cent increase in net profit for the first quarter ended June at Rs 176 crore as compared to the corresponding quarter a year ago.

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GE’s Baker Hughes wins contract for oilfield development at Cairn’s Rajasthan fields

GE’s Baker Hughes wins contract for oilfield development at Cairn’s Rajasthan fields

Baker Hughes (BH), the oilfield service subsidiary of General Electric (GE), today announced that it has won an integrated oilfield service and equipment contract for development of the Mangala, Bhagyam and Aishwarya (MBA) fields in Rajasthan, operated by Vedanta’s upstream subsidiary, Cairn Oil & Gas.

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India To Launch Second Discovered Oil, Gas Fields Auction On Thursday

India To Launch Second Discovered Oil, Gas Fields Auction On Thursday

India to offer 26 areas under its second licensing round for discovered oil and gas fields - government statement

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Most Major Asian Markets Up As Energy Firms Rise With Oil Prices

Most Major Asian Markets Up As Energy Firms Rise With Oil Prices

Most major Asian markets rose on Tuesday following another positive Wall Street lead, with energy firms surging along with oil prices.

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Taiwan's $6.6 Bn Petrochem Plan Hits IOCL's Feedstock Constraints

Taiwan's $6.6 Bn Petrochem Plan Hits IOCL's Feedstock Constraints

A massive investment plan of $6.6 billion (or Rs 430 billion) by Taiwan’s state-owned petroleum & natural gas company, CPC Corporation, in the country’s eastern coast at Paradip has bumped into a hurdle at the stage of project conception.

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