​GOOD MORNING INDIA!

March,25,2019,Monday

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR 

LATEST NEWS

UAE Energy Minister Says Will Continue Supply Cuts Until Market Is Re-balanced

UAE Energy Minister Says Will Continue Supply Cuts Until Market Is Re-balanced

The United Arab Emirates (UAE) will continue to deliver on crude oil supply cuts under a producer agreement until the global market is re-balanced, Minister of Energy and Industry Suhail al-Mazrouei said on Sunday.

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MOST NOTABLE STORIES OF THE WEEK

Saudi Oil Minister on a private visit, likely to talk to Dharmendra Pradhan: Sources

Saudi Oil Minister on a private visit, likely to talk to Dharmendra Pradhan: Sources

Amongst a host of global industry leaders, including UN Secretary General Ban Ki-moon and former British Prime Minister Tony Blair who are scheduled to attend the wedding of Akash Ambani, son of Mukesh Ambani on Saturday, all eyes will be on the visit of Saudi Oil Minister Khalid al-Falih.

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Ennore LNG terminal to help IOC fast-track city gas project

Ennore LNG terminal to help IOC fast-track city gas project

India's first east coast LNG import terminal at Ennore in Tamil Nadu will help state-owned Indian Oil Corp (IOC) fast-track its city gas distribution plans, said Wood Mackenzie.

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India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: Sources

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: Sources

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with the Washington about extending a sanctions waiver past early May, two sources in India with knowledge of the matter said.

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IGL to supply piped cooking gas, CNG in three UP districts

IGL to supply piped cooking gas, CNG in three UP districts

City gas distributor, Indraprastha Gas Ltd (IGL), today announced it has received the Letter of Intent from the downstream petroleum regulator to lay city gas distribution (CGD) network in the districts of Fatehpur, Hamirpur and the unauthorised areas of Kanpur in Uttar Pradesh.

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India is consuming LPG like never before! What's driving this phenomenon?

India is consuming LPG like never before! What's driving this phenomenon?

India is now the second largest consumer of liquefied petroleum gas (LPG) in the world, with LPG consumption in the country posting an average growth of 8.4%. And a lot of the credit goes to the government's push to provide clean cooking fuel to every household

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HOEC adds another block to its northeast portfolio

HOEC adds another block to its northeast portfolio

Hindustan Oil Exploration Corporation (HOEC) said on Monday that it has been awarded the contract of exploring Umatara field in Assam in consortium with Indian Oil Corporation Limited (IOC).

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