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Friday, November 16, 2018

Weekly News Updates From EnergyInfraPost.com

OIL AND GAS

CCEA approves award of contract to 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL

CCEA approves award of contract to 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL

CCEA approves award of contract to 31 contract areas (44 fields) of
Discovered Small Fields of ONGC and OIL

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Union Budget 2017

Union Budget 2017: Petroleum Ministry gets cracking on creation of oil goliath in India

The ministry of petroleum and natural gas has started discussions with state-run oil and gas companies to take forward the Budget proposal to create a globally competitive “oil major” by consolidating the firms.

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Exclusive

Exclusive: OPEC could extend or deepen supply cut if oil glut persists - sources

OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level

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Manish Vaid Analyses if PSUs oil merger offer synergy in energy?

Manish Vaid Analyses if PSUs oil merger offer synergy in energy?

Manish Vaid Analyses if PSUs oil merger offer synergy in energy? Says that ‘few business marriages are made in heaven’ and compatibility of merging companies should always be the driving force of any mergers. It is only then one can imagine synergy in energy in any M&A propositions

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integrated

An integrated oil behemoth, big-bang PSU mergers are in pipeline

The Modi government's plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.

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principally

IOC principally agrees on single-point LPG loading facility to Nepal

Indian Oil Corporation (IOC) has principally agreed to provide single-point loading facility of liquefied petroleum gas (LPG) to Nepal from Muzaffarpur once it extends its LPG pipeline to the said location.

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Indian Oil Corp

Petroleum Storage Plants: Indian Oil Corp ready to extend technical support to Nepal

The Indian Oil Corporation (IOC) has agreed in principle to provide technical support to the Nepal Oil Corporation (NOC) for building petroleum storage plants in all seven provinces.

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Oil

Oil firms as Opec floats extended output cut; markets still bloated

Oil prices edged up on Friday, lifted by a report that producer club Opec could extend an output cut aimed at reining in a global fuel supply overhang.

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BP Australia says pricing carbon one of the optimum methods of reducing emissions

BP Australia says pricing carbon one of the optimum methods of reducing emissions

Claire Fitzpatrick said a carbon price of $US100 a tonne of CO2 was a scenario used in the company's recent annual energy outlook publication.

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Genesis

Genesis to design RIL’s deep water field in KG Basin

Reliance IndustriesBSE 1.34 % has contracted offshore engineering service provider Genesis to undertake front-end engineering design (FEED) for its deep water field in the KG Basin.

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Fresh US drilling capping crude oil price: OPEC

Fresh US drilling capping crude oil price: OPEC

Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday.

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auction

State oil companies corner one-third of small fields in first auction

State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years.

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Trump

Data is the new oil, Trump a blessing for India:Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani said US President Donald Trump could be a blessing in disguise for India’s $150 billion information services industry.

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India's Jan Iran oil imports up 1.5 percent month/month

India's Jan Iran oil imports up 1.5 percent month/month

India's Iran oil imports rose marginally in January compared to the previous month as Indian refiners received full volumes from the key OPEC producers Saudi Arabia and Iraq,

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What Oil Crisis? Arctic Drilling Off Norway Set for Record

What Oil Crisis? Arctic Drilling Off Norway Set for Record

Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel.

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INFRASTRUCTURE

Chardham

'Chardham' highway project will be completed by 2018: Gadkari

The Rs 12,000 crore 'Chardham' highway project in Uttarakhand will be completed by the end of 2018 irrespective of which party comes to power in the state, Union minister Nitin Gadkari has assured.

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India Railways

India Railways freight customers may get fixed rate contracts, cheaper rates

Transporting goods by train may soon get cheaper as the railways ministry is looking to launch special freight schemes with attractive long-term contracts for its customers as well as discounts on incremental freight loading.

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Jharkhand

Gadkari Promises More Roads Worth Rs 50,000 Crore To Jharkhand

Addressing the Momentum Jharkhand Global Investors' Summit in Ranchi, Union Road Transport, Highways and Shipping Minister Nitin Gadkari on Thursday

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During train travel, get milk for your baby delivered at your seat

During train travel, get milk for your baby delivered at your seat

Train travel marketplace RailYatri has launched milk delivery service for train travellers, wherein warm milk for babies will be delivered in spill-proof thermo packages.

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Warm Regards,

Anupama Airy

EnergyInfraPost.com

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