October,20,2018,Saturday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Citing China & Japan, ONGC Videsh Seeks Sovereign Fund For Foreign Buys

Citing China & Japan, ONGC Videsh Seeks Sovereign Fund For Foreign Buys

With international crude oil prices seeing a surge, ONGC Videsh has appealed to the Centre to create a sovereign wealth fund like that of China, Japan and Korea through which Indian companies can fund the acquisition of oil blocks abroad.

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MOST NOTABLE STORIES OF THE WEEK

Exploring alternative oil supplies so ‘our friend’ India isn’t affected: US official on Iran sanctions

Exploring alternative oil supplies so ‘our friend’ India isn’t affected: US official on Iran sanctions

With a tougher round of US sanctions on Iran coming into effect from November 4,a top Trump administration official said Washington recognises India’s need for significant oil imports and is having conversations to ensure there are alternative supplies of

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cooking gas

Assam Petrochemicals To Launch Pilot Project To Test Methanol As Cooking Fuel

Public sector unit Assam Petrochemicals Limited (APL) will launch a pilot project on October 5 to assess the feasibility of using methanol as a cooking fuel.

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GAIL, GSPL Shares Jump On Pipeline Tariff Hike

GAIL, GSPL Shares Jump On Pipeline Tariff Hike

Shares of GAIL (India) Ltd. and Gujarat State Petronet Ltd. jumped after the regulator Petroleum & Natural Gas Regulatory Board increased tariffs for some pipelines The tariffs were hiked in the range of 27 percent to 691 percent

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No respite from fuel prices as petrol inches towards Rs 91/litre in Mumbai

No respite from fuel prices as petrol inches towards Rs 91/litre in Mumbai

Fuel prices continued their ascent, rising for the second consecutive day, with petrol inching towards a record high of Rs 91 a litre in Mumbai.

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Iran's foreign minister says India to continue economic cooperation, oil imports: Report

Iran's foreign minister says India to continue economic cooperation, oil imports: Report

Iran's Foreign Affairs Minister Mohammad Javad Zarif said that India is committed to continuing economic cooperation and the import of oil from Iran, video news agency ANI, a Reuters affiliate, reported on Thursday.

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Fuel Prices Continue Upward Surge, Petrol Breaches Rs 83-mark In Delhi

Fuel Prices Continue Upward Surge, Petrol Breaches Rs 83-mark In Delhi

Fuel prices across the country maintained an upward surge on Thursday with petrol now coming at Rs 83 per litre in Delhi.

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ONGC seeks exemption from government's share buyback request

ONGC seeks exemption from government's share buyback request

India’s Oil and Natural Gas Corp Ltd (ONGC) has sought an exemption from a government request to buy back government-held shares in the company as ONGC needs the funds for its own capital expenditures, Chairman Shashi Shanker said on Wednesday.

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Will The US Sanctions On Iran Decide The Fate Of Oil In India?

Will The US Sanctions On Iran Decide The Fate Of Oil In India?

Brent crude prices have gone up by around 22 per cent since the start of the year. Rupee has also depreciated against the dollar by around 15 per cent and petrol prices in Delhi have increased by around 18 per cent.

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Major Powers, Iran Meet To Salvage Nuclear Deal Without US

Major Powers, Iran Meet To Salvage Nuclear Deal Without US

Iran has ample reason to stay in the 2015 nuclear deal despite the withdrawal and the remaining parties on Monday will discuss ways to blunt the effect of impending sanctions on Tehran, the European Union's foreign policy chief said.

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