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September,24,2018,Monday

WEEKLY NEWSLETTER ON OIL AND GAS FROM ACROSS THE MEDIA SPACE

Oil Markets Wary As Another Tropical Storm Heads For Gulf Of Mexico

Oil Markets Wary As Another Tropical Storm Heads For Gulf Of Mexico

Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday.

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Saudi Aramco Plans Expansion In India With New Unit

Saudi Aramco Plans Expansion In India With New Unit

Oil giant Saudi Aramco will open an Indian subsidiary next week, three sources said, as the top global oil exporter looks to tap rising demand and invest in the world's third-biggest consumer.

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New Nanomaterial Can Create Hydrogen Fuel From Seawater

New Nanomaterial Can Create Hydrogen Fuel From Seawater

In a breakthrough, scientists have developed a new nanomaterial that uses solar energy to generate hydrogen from seawater, producing the low cost and clean-burning fuel more efficiently than existing materials.

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Arun Jaitley Urges States To Cut VAT On Petrol, Diesel

Arun Jaitley Urges States To Cut VAT On Petrol, Diesel

After the Centre taking a hit of Rs 26,000 crore by cutting excise duty on oil, Finance Minister Arun Jaitley today nudged states to cut sales tax or VAT on petrol and diesel to provide further relief to consumers from high fuel prices.

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Global Crude Oil Price Of Indian Basket Was US$ 55.02 Per Bbl On 3.10.2017

Global Crude Oil Price Of Indian Basket Was US$ 55.02 Per Bbl On 3.10.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 55.02 per barrel (bbl) on 3.10.2017

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In Oil-Thirsty India, Refiners Lend Unlikely Help To Gas

In Oil-Thirsty India, Refiners Lend Unlikely Help To Gas

A push to use more natural gas by the world’s fastest-growing oil guzzler is getting a boost from an unlikely source: the nation’s gasoline and diesel makers.

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ONGC Gets Green Nod For Rs 456 Cr Drilling Project In Assam

ONGC Gets Green Nod For Rs 456 Cr Drilling Project In Assam

State-owned ONGC has received green clearance for the Rs 456-crore exploratory drilling project in Sivasagar district of Assam, a government document showed.

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