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​GOOD MORNING INDIA!

June,18,2018,Monday

THE WEEK IT WAS IN THE OIL AND GAS SPACE 

LATEST NEWS

Sushma Swaraj Calls On Iran President; Discusses Energy, Connectivity

Sushma Swaraj Calls On Iran President; Discusses Energy, Connectivity

External Affairs Minister on Saturday called on visiting Iran President Hassan Rouhani and discussed a number of issues, including energy and connectivity.

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India Seeks Stake In Iranian Oilfield, To Raise Oil Imports

India Seeks Stake In Iranian Oilfield, To Raise Oil Imports

India today sought from Iran a stake in a producing oil field and said it will raise crude oil import from Iran in the financial year beginning April, reversing the 25 per cent reduction it had done in the current fiscal.

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LPG Tanker Truck Owners Call Off Indefinite Agitation

LPG Tanker Truck Owners Call Off Indefinite Agitation

LPG tanker truck owners have called off their six-day-old strike claiming that oil companies had agreed to accept a few of their demands.

 

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Fuel Stations Soon On Agra-Lucknow Expressway

Fuel Stations Soon On Agra-Lucknow Expressway

Petrol and diesel would soon be available on the 301-km-long Lucknow-Agra expressway as four fuel stations will be set up along the expressway between Lucknow and Agra.

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MOST NOTABLE STORIES OF THE WEEK

Nepal-India Cross-Border Oil Pipeline Project Expedited

Nepal-India Cross-Border Oil Pipeline Project Expedited

The Nepal-India cross-border oil pipeline project — Motihari-Amlekhgunj petroleum pipeline project, previously called Raxaul-Amlekhgunj oil project — has been expedited with the active participation of Indian Oil Corporation.

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Diesel Price Cut By Over Rupee 1 In 10 Days; Petrol By 89 Paise, Yet Above Rs 80 In Mumbai

Diesel Price Cut By Over Rupee 1 In 10 Days; Petrol By 89 Paise, Yet Above Rs 80 In Mumbai

The petrol and diesel prices have been cut almost daily in last ten days on the back of falling crude oil price after it topped $71 a barrel last month.

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Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts

Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts

U.S. oil producer Marathon Oil Corpposted a better-than-expected adjusted quarterly profit on Wednesday, helped by rising crude prices and cost cuts, sending its shares up more than 2 percent in extended trading.

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IOC-GAIL Combine Will Have Synergies, Says IOC Chairman Sanjiv Singh

IOC-GAIL Combine Will Have Synergies, Says IOC Chairman Sanjiv Singh

Amid reports that GAIL (India) may be split into marketing and gas pipeline verticals, Indian Oil (IOC)—which has shown interest in acquiring the gas utility—reckons that either divisions or the total business of GAIL offers synergies for the oil marketing company (OMC).

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Government Must Offer Policy Certainty In Upstream Investments: Vedanta

Government Must Offer Policy Certainty In Upstream Investments: Vedanta

The government must be disruptive in its fiscal incentives and offer policy certainty to attract investment in the upstream sector to meits ambition of cutting oil import by a tenth, the chief executive of Vedanta Oil and Gas business has said.

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Oil Prices Uncertain, Fiscal Slippage Unlikely, Says FM Arun Jaitley

Oil Prices Uncertain, Fiscal Slippage Unlikely, Says FM Arun Jaitley

But, the FM was confident that there would be no fiscal slippage next financial year, thanks to buoyancy in revenue.

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