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March,25,2019,Monday

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR 

LATEST NEWS

Odisha: HPCL to soon start work for constructing new LPG bottling plant

Odisha: HPCL to soon start work for constructing new LPG bottling plant

Hindustan Petroleum Corporation Limited (HPCL) will start work very soon for construction of a LPG bottling plant at Rayagada with an investment of Rs 91 crore. The plant will be ready by September 2020, official sources said

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MOST NOTABLE STORIES OF THE WEEK

Crude rise a fresh concern for rupee

Crude rise a fresh concern for rupee

Brent crude oil prices crossed the $65 per barrel mark for the first time in three months on Friday putting pressure on rupee which closed at 71.23 against the USD, down 0.1 per cent and the premier benchmark indices at BSE and National Stock Exchange falling by 0.2 per cent on Friday.

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GSPC seeks LNG cargo for March delivery: Sources

GSPC seeks LNG cargo for March delivery: Sources

India's Gujarat State Petroleum Corp (GSPC) is seeking a liquefied natural gas (LNG) cargo for delivery in March, two industry sources said on Friday. The cargo is for delivery into the Dahej or Hazira import terminals over March 20 to 30, one of the sources said.

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Group of Ministers to vet natural gas pricing reforms

Group of Ministers to vet natural gas pricing reforms

The government has constituted a Group of Ministers (GoM) to examine the key upstream reforms including total freedom for gas pricing as recommended by a Niti Aayog-led panel.

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India high court overturns 2017 arbitration award to HPCL for $113 mln

India high court overturns 2017 arbitration award to HPCL for $113 mln

An Indian high court has set aside an arbitration award of more than 8 billion rupees ($113.19 million) owed to India’s Hindustan Petroleum Corp Ltd by Malaysia’s M3nergy, according to a court document reviewed by Reuters.

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Ahead of India visit, Saudi prince to sign deals worth $12 billion in pakistan

Ahead of India visit, Saudi prince to sign deals worth $12 billion in pakistan

The first state visit by Saudi crown prince, Mohammed bin Salman to India on 19-20 comes with a promise of new investment, but despite growing bilateral ties, India remains “hyphenated” with Pakistan.

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BS-VI upgradation for 2 refineries to cost Rs 5,000 cr: MK Surana, HPCL

BS-VI upgradation for 2 refineries to cost Rs 5,000 cr: MK Surana, HPCL

As you are aware that India is supposed to roll out BS-VI from the 1st of April 2020 except for in the NCT region, which has already been rolled out. All the refineries are preparing for it, HPCL

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Punjab govt inks MoU with Virgo Corp for biofuel project

Punjab govt inks MoU with Virgo Corp for biofuel project

The Punjab government Monday signed an MoU with a Delhi-based company for a Rs 630-crore biofuel project which will produce renewable fuel from rice husk.

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23 blocks on offer in third round of bidding for Open Acreage Licensing Policy

23 blocks on offer in third round of bidding for Open Acreage Licensing Policy

India has offered 23 hydrocarbon blocks in the third exploration bidding round of the Open Acreage Licensing Policy (OALP). Petroleum and natural gas minister Dharmendra Pradhan opened the auction at Petrotech, a three-day industry conference that began in Greater Noida on Sunday.

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