December,14,2018,Friday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Dharmendra Pradhan Confident On Reducing Oil Import Dependency

Dharmendra Pradhan Confident On Reducing Oil Import Dependency

In an exclusive interview to TIMES NOW, Union Oil and Gas Minister Dharmendra Pradhan said the government is trying its best to reduce dependency on oil imports. Saying that everyone wants to join India’s growth story, Pradhan hinted that India is on the verge of striking deal with several oil-rich countries,

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MOST NOTABLE STORIES OF THE WEEK

Dahej PCPIR Gets Investments Worth Rs 25,000 Crore In One Year

Dahej PCPIR Gets Investments Worth Rs 25,000 Crore In One Year

More and more companies — domestic and international — are setting their eyes on Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) at Dahej.

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Crude oil prices ease but set for highest weekly gain since July

Crude oil prices ease but set for highest weekly gain since July

Oil prices edged lower on Friday but are set for their biggest weekly gains since last July following a jump to a more than three-year high earlier in the week on tensions over Syria and shrinking global oil inventories.

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Shell dilutes its stake in Mahanagar Gas Limited

Shell dilutes its stake in Mahanagar Gas Limited

British-Dutch multinational oil and gas company Shell today announced its plan to dilute shareholding in Mumbai-based gas utility Mahanagar Gas Limited (MGL) to 24 per cent from 32.5 per cent currently.

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India's H-Energy Aims For Commercial Start-up Of LNG Terminal By Q4

India's H-Energy Aims For Commercial Start-up Of LNG Terminal By Q4

India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, aims to start full commercial operations at a new floating liquefied natural gas (LNG) terminal by the fourth quarter of this year, a company official said on Wednesday.

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Saudi Oil Goal of $80 a Barrel Will Hurt Fastest Growing Buyer

Saudi Oil Goal of $80 a Barrel Will Hurt Fastest Growing Buyer

Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.

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Oil markets firm on hopes that US trade spat with China may ease

Oil markets firm on hopes that US trade spat with China may ease

Oil markets added to strong gains from the previous session on Tuesday on hopes that a trade dispute between the United States and China could be resolved without greater damage to the global economy.

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Singapore's Pavilion Gas imports its first LNG cargo for domestic use

Singapore's Pavilion Gas imports its first LNG cargo for domestic use

The LNG cargo was delivered in the 206,000 cubic metres "Al Oraiq" tanker on Saturday, supplied by Qatargas under a spot contract, Pavilion said on Sunday.
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