January,19,2019,Saturday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Fuel Prices Continue To Fall As Crude Rates Ease

Fuel Prices Continue To Fall As Crude Rates Ease

State-run oil-marketing companies continued to cut the prices of key transport fuels -- petrol and diesel -- well into the fourth week on Saturday on lower global crude oil prices.

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MOST NOTABLE STORIES OF THE WEEK

OMV to pay at least $715 mln for half of Sapura's exploration assets

OMV to pay at least $715 mln for half of Sapura's exploration assets

Austrian energy group OMV has agreed to establish a joint venture with Sapura Energy Bhd, paying $540 million for a 50 percent stake in the Malaysian firm's exploration assets.

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Delhi Air Pollution: Govt urges Delhiites not to use private diesel cars/SUVs: Bans entry of trucks in Delhi

Delhi Air Pollution: Govt urges Delhiites not to use private diesel cars/SUVs: Bans entry of trucks in Delhi

To reduce the alarming high pollution levels in Delhi and National Capital Region (NCR), the Transport Department, Delhi Government has banned the entry of medium and heavy-duty trucks and goods carriers from entering the Delhi for three nights starting 8th November 2018.

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50 cities on offer in 10th city gas licensing round

50 cities on offer in 10th city gas licensing round

Oil regulator PNGRB Thursday put up for bidding 50 cities including Gwalior in Madhya Pradesh, Mysore in Karnataka, Ajmer in Rajasthan and Howrah in West Bengal for grant of licence to retail CNG and piped natural gas.

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India's oil and gas PSUs' permanent workforce declined by more than 2,000 last financial year

India's oil and gas PSUs' permanent workforce declined by more than 2,000 last financial year

India’s 12 major oil and gas Public Sector Undertakings (PSUs) employed 110,000 permanent workers at the end of last financial year (2017-18) -- 2,181 less than the total headcount in the previous fiscal.

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Iran Out Of Indian Oil Refiners’ Playbook Despite Government Optimism Of US Waiver

Iran Out Of Indian Oil Refiners’ Playbook Despite Government Optimism Of US Waiver

The Trump administration's reimposition of sanctions against Iran came into effect on Monday, but the US exempted eight countries that can still import oil from Tehran without penalty.

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US sanctions on Iran, ‘toughest ever,’ take force

US sanctions on Iran, ‘toughest ever,’ take force

The United States is reimposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran.

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Warm Regards,

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