October,16,2018,Tuesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

India-Bangladesh Oil Pipeline Construction To Be Started This Month: Report

India-Bangladesh Oil Pipeline Construction To Be Started This Month: Report

The construction of cross-country oil pipeline between India and Bangladesh will begin from this month.

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MOST NOTABLE STORIES OF THE WEEK

As Petrol Prices Scales New High, Govt To 'reduce' Import Dependency For Oil Energy

As Petrol Prices Scales New High, Govt To 'reduce' Import Dependency For Oil Energy

Even as the government has come under attack following petrol and diesel prices scaling a new record high in four metros across the country, official sources say plans are afoot to 'reduce' dependency on import in energy by about 10 per cent in next few years.

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Indian Oil To Supply Gas Through Pipelines In Coimbatore, Salem

Indian Oil To Supply Gas Through Pipelines In Coimbatore, Salem

Indian Oil Corporation (IOC) has bagged the tender for city gas distribution (CGD) projects in Coimbatore and Salem.

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Boiling crude: Subsidy sharing could spoil the party for ONGC, Oil India

Boiling crude: Subsidy sharing could spoil the party for ONGC, Oil India

Owing to numerous geopolitical factors, crude prices went up steadily during the June quarter, and remained steady between $70 and $79 per barrel. This uptick favoured upstream oil companies, whose realisations improved as a result.

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Govt to carve out hydrocarbon blocks for OALP-II

Govt to carve out hydrocarbon blocks for OALP-II

Given the tepid response from explorers to auction of hydrocarbon blocks under the second round of the Open Acreage Licensing Policy (OALP), the Directorate General of Hydrocarbon (DGH) has decided to carve out four blocks on its own and put up for bidding.

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Biojet fuel is greenhouse gas neutral and environment-friendly: Dr Harshvardhan

Biojet fuel is greenhouse gas neutral and environment-friendly: Dr Harshvardhan

The Science and Technology Minister Dr Harshvardhan on Monday said that Biojet fuel is greenhouse gas neutral, carbon neutral and that the CO2 emitted during burning is sequestered during growth of the vegetation.

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GAIL To Create Independent Body For Marketing And Pipeline Business: Oil Minister Pradhan

GAIL To Create Independent Body For Marketing And Pipeline Business: Oil Minister Pradhan

Oil Minister Dharmendra Pradhan today said government-owned gas utility GAIL (India) has assured the oil ministry the company will create an independent and autonomous body to handle its marketing and pipeline business separately.

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