​GOOD MORNING INDIA!

July,17,2019,Wednesday

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR 

LATEST NEWS

UAE Energy Minister Expects Average Oil Price Of $70 In 2019

UAE Energy Minister Expects Average Oil Price Of $70 In 2019

ABU DHABI - United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut output by OPEC and non-OPEC oil exporters.

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MOST NOTABLE STORIES OF THE WEEK

National Wildlife Board clears ONGC Trishna gas project

National Wildlife Board clears ONGC Trishna gas project

The state-owned ONGC Tripura Asset would soon start extracting natural gas from Trishna Wildlife Sanctuary in Belonia subdivision of Gomati district following National Wildlife Board's clearance of its proposal, a top official said Saturday.

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HP Transfers LPG Connections Without Prior Notice, Consumers Take Plaint to Petroleum Ministry

HP Transfers LPG Connections Without Prior Notice, Consumers Take Plaint to Petroleum Ministry

Petroleum company Hindustan Petroleum (HP) has reportedly transferred LPG connections of consumers living as far as 10-15 kms from the gas agency here, said reports on Friday. Media reports say the agency is in Vidyadhar Nagar

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Vedanta cuts crude supply to IOC, restores after govt intervention

Vedanta cuts crude supply to IOC, restores after govt intervention

Vedanta reduced crude oil supplies to Indian Oil Corp for about three months until October even as the two negotiated oil rates for the year, and restored it to the officially-allocated level only after the government intervened, according to multiple people familiar with the matter.

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Oil dips on swelling US supply, but mood generally upbeat on trade hopes

Oil dips on swelling US supply, but mood generally upbeat on trade hopes

Oil prices dipped on Thursday on swelling US supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth

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Sushma Swaraj holds talks with Iranian counterpart on key bilateral, regional issues

Sushma Swaraj holds talks with Iranian counterpart on key bilateral, regional issues

External Affairs Minister Sushma Swaraj Wednesday held talks with her Iranian counterpart Javad Zarif on a range of key bilateral and regional issues, including the peace and reconciliation process in Afghanistan.

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HPCL, Mangalore Refinery merger may not happen this fiscal year

HPCL, Mangalore Refinery merger may not happen this fiscal year

The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19.

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India's BPCL to buy Iranian oil in Feb after 3-month gap - sources

India's BPCL to buy Iranian oil in Feb after 3-month gap - sources

State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation’s overall purchases from Tehran remaining at 9 million barrels, three industry sources said.

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Poor families can avail deposit free LPG connections under Extended ‘Pradhan Mantri Ujjwala Yojana’

Poor families can avail deposit free LPG connections under Extended ‘Pradhan Mantri Ujjwala Yojana’

MoP&NG, Govt. of India introduced ‘Pradhan Mantri Ujjwala Yojana’ (PMUY) for which budgetary provision of Rs.12,800 crore has been provided for releasing 5 Crores LPG connections to women member of BPL households

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