November,20,2018,Tuesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

BP CEO: $80 Oil Is Unhealthy For The World

BP CEO: $80 Oil Is Unhealthy For The World

Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an event on Friday.

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MOST NOTABLE STORIES OF THE WEEK

Crude oil all set to disturb India’s macro maths: How bad can it get?

Crude oil all set to disturb India’s macro maths: How bad can it get?

The unwelcome combination of rising oil price and a weakening rupee is giving a tough time to investors, especially when the whole world is looking towards India as a ‘growth engine’. Now the billion dollar question is: will the rally in crude oil prices continue?

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Here is why crude oil prices continue to rise even when global growth forecasts are cut

Here is why crude oil prices continue to rise even when global growth forecasts are cut

Crude oil prices have kept rising since the beginning of the year, even managing to reach record highs that were last seen in November 2014. What is surprising is that the rise continues despite the International Monetary Fund’

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Adani Ties Up With French Energy Major Total To Enter Petrol Retail Biz

Adani Ties Up With French Energy Major Total To Enter Petrol Retail Biz

Gautam Adani-led Adani Group will enter the petroleum retail business with French energy major Total SA.

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Adani, Total sign pact to develop Dhamra LNG project, fuel retail network

Adani, Total sign pact to develop Dhamra LNG project, fuel retail network

French energy giant Total S A has signed an agreement with Goutam Adani-led Adani Group to join hands for investing in downstream sector in India — including foray into fuel retail segment through 1500 outlets and developing various liquefied natural gas (LNG) projects.

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Ministry of Petroleum & Natural Gas To Launch Phase II of Indian Strategic Petroleum Reserves

Ministry of Petroleum & Natural Gas To Launch Phase II of Indian Strategic Petroleum Reserves

Minister of Petroleum & Natural Gas and Skill Development and Entrepreneurship Dharmendra Pradhan will launch the Road Show for Phase II of Indian Strategic Petroleum Reserves on 17th Oct'2018, in New Delhi.

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Talks To Pick Up Stake In Qatar’s Upstream Sector Have Slowed Down: Prabhat Singh, Petronet LNG

Talks To Pick Up Stake In Qatar’s Upstream Sector Have Slowed Down: Prabhat Singh, Petronet LNG

Petronet LNG’s talks with Qatar on picking up stake in the country’s upstream sector have slowed down, Prabhat Singh, Chief Executive Officer (CEO) and Managing Director (MD) of Petronet told media today at the sidelines of India Energy Forum.

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India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Officials

Indian oil companies like IOC have optional volumes built in their annual crude oil purchase contracts with suppliers like Saudi Arabia and Iraq that will be more than enough to make up for any shortfall in supplies from sanctions-hit Iran, senior officials said Monday.

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