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November,15,2018,Thursday

THE WEEK IT WAS IN THE OIL AND GAS SPACE 

LATEST NEWS

ONGC Third Quarter Net Profit At Rs 5,014 Cr, Up 15% On Higher Prices

ONGC Third Quarter Net Profit At Rs 5,014 Cr, Up 15% On Higher Prices

State-run explorer Oil and Natural Gas Corp (ONGC) on Friday posted a 15 per cent rise in net profit at Rs 5,014.67 crore for the third quarter ending December buoyed by higher realisations.

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ONGC Sells April Sokol Crude At Steady Premium From Previous Month

ONGC Sells April Sokol Crude At Steady Premium From Previous Month

Indian explorer ONGC Videsh has sold its April-loading Russian Sokol crude at a premium steady from the previous month, several trade sources said

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GAIL Pipeline Project Hits Rough Weather

GAIL Pipeline Project Hits Rough Weather

Hiccups continue to haunt the Gas Authority of India Limited (GAIL) pipeline project in the Mannargudi region of Tiruvarur district with some locals registering their protest against laying of pipelines across their area.

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MOST NOTABLE STORIES OF THE WEEK

Merger With MRPL Should Happen At Earliest, Says HPCL

Merger With MRPL Should Happen At Earliest, Says HPCL

Hindustan Petroleum Corp Ltd (HPCL) today said its merger with Mangalore Refinery and Petrochemicals Ltd (MRPL) should happen at the earliest as there exist lot of synergies between them.

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Oil Falls For Sixth Day As Supply Fears Mount

Oil Falls For Sixth Day As Supply Fears Mount

Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and US crude output hit record highs, adding to concerns about a sharp rise in global supplies.

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India Plans Massive Natural Gas Expansion

India Plans Massive Natural Gas Expansion

India has four terminals to receive LNG and imports around 20 million tpy. But over the next seven year the government plans to build another 11 terminals.

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Numaligarh Refinery Ramps Up Capacity Of LPG Bottling Plant To 42TMTPA

Numaligarh Refinery Ramps Up Capacity Of LPG Bottling Plant To 42TMTPA

Assam-based Numaligarh Refinery Limited (NRL) has ramped up the capacity of its LPG bottling plant from 10 to 42 TMTPA (thousand metric tonnes per annum).

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India: Western Region To Top Crude Oil Refining Capacity By 2030 At 242 mn Tonnes

India: Western Region To Top Crude Oil Refining Capacity By 2030 At 242 mn Tonnes

The refining capacity in the western part of the country is likely to touch 242 million tonne per annum (mtpa) almost double the capacity of 121.4 mtpa.

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RIL-BP JV To Start Selling Imported LNG In 12-18 Months In India

RIL-BP JV To Start Selling Imported LNG In 12-18 Months In India

India Gas Solutions, an equal joint venture of BP and Reliance Industries, plans to begin selling imported liquefied natural gas (LNG) to Indian customers in 12-18 months to cater to the rising natural gas demand in the country, Vinod Tahiliani, the new CEO of the joint venture has said.

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HPCL Head To Retain Designation If ONGC Follows Coal India Model

HPCL Head To Retain Designation If ONGC Follows Coal India Model

Hindustan Petroleum Corp Ltd (HPCL) Chairman and Managing Director Mukesh Kumar Surana will continue to hold his designation if the firm's new promoter, ONGC is to follow the Coal India Ltd-model for governance of subsidiaries.

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