June,23,2018,Saturday

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WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Govt May Have To Cut Excise Duty As Price Freeze Hits Oil Firms' Margins

Govt May Have To Cut Excise Duty As Price Freeze Hits Oil Firms' Margins

Marketing margins of oil companies have come under severe pressure with the government freezing the daily revision of petrol and diesel prices ahead of the Karnataka polls.

Piped Natural Gas To Cover 17 More Districts

ONGC shortlists Schlumberger, Halliburton, Baker for boosting output at 2 oilfields

Chempolis, Fortum and NRL to build €160m biorefinery in India

ONGC Floats First Tender To Sell Brazil's Ostra Crude

Statoil Targets Deeper Emission Cuts To Avoid Stranded Assets

MOST NOTABLE STORIES OF THE WEEK

Oil And Gas Sector: 13 Projects Worth Rs 100 Crore & Above Underway In Maharashtra

Oil And Gas Sector: 13 Projects Worth Rs 100 Crore & Above Underway In Maharashtra

The oil and gas sector in Maharashtra is in news these days with Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, signing a pact with Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd to develop a mega refinery in Ratnagiri.

Oil Hits Highest Since November 2014 As Iran Tensions Mount

Castrol India Dips 7% On Disappointing Q4 Results

Appeal To GST Council To Bring Fuel Prices Under One-tax Slab: Petroleum Minister

Oil-rich Nigeria turns to renewable energy as population booms

Norway oil firms, workers agree 2.8 pct wage rise

Global LNG-Prices firm as fundamentals tighten, amid support from oil, coal

Nilesh Shah on how to deal with crude sensibles

Saudi Arabia raises key oil price to Asia to highest since 2014

India’s crude oil production fell for the sixth straight year in 2017-2018

India’s refining capacity rose 5.8 per cent last fiscal on Jamnagar and Kochi expansion

Eight Geopolitical Risks That Could Send Oil Prices Surging

Eight Geopolitical Risks That Could Send Oil Prices Surging

The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from.

Indian Oil Corporation To Provide Green Fuel For Amaravati

Vedanta PAT Surges 40% To Rs 3,956 Crore

Petrol-diesel Price Differential Narrows Down To Rs 12 A Litre

Glencore forms energy trading venture with Zhejiang Petroleum

PetroVietnam Gas starts up $439 million LPG processing facility

Crude oil brings back familiar trouble for Indian bonds as rising prices threaten Modinomics

OALP round 1 for oil, gas blocks gets good response

Forte Oil to sell some Nigerian assets, pull out of Ghana

Vedanta, ONGC Top Bidders In Oil Block Auction

LPG Cylinders Get Cheaper For 5th Month In A Row. Here's What You Have To Pay Now

Hydrocarbon Block Auction: Vedanta Cairn, ONGC Bids Help The Government Spare Blushes

Hydrocarbon Block Auction: Vedanta Cairn, ONGC Bids Help The Government Spare Blushes

Vedanta Cairn, operator of the prolific Barmer field in Rajasthan, bid aggressively, while eight other companies, including state-run ONGC, Oil India, Indian Oil and GAIL (India) also put in their bids for the 55 hydrocarbon blocks offered under the Open Acreage Licensing Policy (OALP), a critical part of the March 2016-launched Hydrocarbon Exploration Licensing Policy (HELP).

India’s First FSRU-based LNG Terminal Inaugurated And Dedicated To The Nation By Maharashtra CM Devendra Fadnavis

Oil Price Hike Could Spell Trouble

Here Is India’s Oil Story

As Crude Prices Rise, Chinks In India's Economic Armour Are Exposed

'BPCL To Shut Bina Refinery From Mid-september For 45 Days'

ONGC To Invest Rs 17,615 Cr To Drill Record 535 Wells

Nine Companies In The Race For 55 Oil And Gas Blocks Under First OALP Auction

ONGC bids for 37 oil & gas blocks, Cairn India 55 in OALP first round

India's first floating regasification terminal to start operations in Q4 2018

Asia fuel oil-market firms on tight supply outlook, rising demand

OPINION: Rising oil prices put demand destruction back on the agenda

OPINION: Rising oil prices put demand destruction back on the agenda

Rising oil prices over the last two years have put the issue of demand destruction back on the agenda, as producers, traders and analysts try to estimate how consumers will respond.

How the surge in oil prices affects India’s finances

Oil prices rise on Iran sanction worries, despite surging U.S. supplies

Crude oil, refinery products decelerate March's core industries output

Iran ready for Pak-Turkmen gas swap, views TAPI plan as unlikely

15 Bidders Likely In Oil Block Auction; ONGC, Oil India May Jointly Bid

Kuwait Petroleum International In Talks To Buy 24% In Bina Refinery

BPCL To Shut Bina Oil Refinery From Mid-september For 45 Days

Marathon To Become Top U.S. Refiner With $23 Bln Andeavor Buy

India’s First Floating Storage Re-gasification Unit Inaugurated By Maha CM

Retrospective Amendment To Rajasthan PSC Puts Cairn In A Spot

Sonatrach boosted gas output by 5 percent in 2017 - CEO

Sonatrach boosted gas output by 5 percent in 2017 - CEO

Algeria's state energy firm Sonatrach said on Monday it boosted its gas output by 5 percent to 135 billion cubic metres in 2017, marking the first time the company has used a news conference to disclose production data.

Savannah Petroleum considers sell-down in Niger before first oil

BP eyes upcoming oil auctions in Brazil, Mexico -Latam chief Arbelaez

OPEC April oil output hits year low on Venezuela slide - Reuters survey

Lawsuit targeting oil, gas lease sales cites imperiled bird

France's Total, Germany's Siemens hope to sign Cuban LNG deal soon

Oil extends gains, buoyed by Iran sanction worries

No Excise Duty Cut On Petrol, Diesel For Now: DEA Secretary

Crude's Top Hedge Fund Manager Says Oil At $300 Not Impossible

Why India’s Fuel Prices Are Sky-high When Oil Isn’t

In A First, Gujarat To Offer PNG Subsidy

No Excise Duty Cut On Petrol, Diesel For Now: DEA Secretary

No Excise Duty Cut On Petrol, Diesel For Now: DEA Secretary

The government is not considering cutting excise duty on petrol and diesel yet as rates have not touched levels that could trigger such an action, said Economic Aff airs Secretary Subhash Chandra Garg.

Get Ready For The Most Expensive Driving Season In Years

FPIs withdraw $2.4 bn on surge in oil price, US-China trade relations

Maruti Suzuki bets big on CNG, hybrid cars

Lack of technical expert hampers Rajkot waste-to-energy project

Pradhan Inaugurates LPG Bottling Plant In Odisha

IOC Targets Marketing Arm Of GAIL

Energy Ties With US: Time For India To Strike A Balance

Reliance To Shut Oil, Gas Fields In KG-D6 Block

ONGC To Raise Oil, Gas Output From KG Basin

Saudi Aramco's Rs 3-trillion India Project: Will Political Agitation Kill Yet Another Big Venture?

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