British Airways will resume flights to Pakistan from June 2019 after a period of 10 years, the airline announced on Tuesday. “Direct flights from London Heathrow to Islamabad’s new airport to start in June,” said British High Commissioner Thomas Drew in a video on Twitter. “A further boost to links between the UK and Pakistan, […]
Day: December 18, 2018
Everything is geared up for 24X7 ‘Power for All’ by March 2019: Govt
Confident of meeting ’24X7 Power for All’ target by March, the government wants to take forward its reform agenda for the power sector in 2019 including by providing consumers options to change their service provider even as the industry wants immediate steps to ease the “pains” relating to coal shortage, financial stress and high pricing. […]
Oil drops 4 percent on oversupply, equities sell-off
Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. U.S. crude oil fell $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering […]
ONGC’s $1.7 billion deep sea award perks up oilfield services market
ONGC’s $1.7-billion work package, one of the biggest deep sea contracts offered in recent years, for its largest offshore block has perked up a listless global oilfield services industry and is likely to see fabrication of crucial underwater kits in the country for the first time. The state-run explorer has awarded the contract, its single-largest […]
PM Modi-chaired CCEA approves new 4-lane bridge across Ganga river in Bihar; how it will benefit people
Big boost for Bihar! Prime Minister Narendra Modi-chaired Cabinet Committee on Economic Affairs (CCEA) has approved the construction of a 5.634 km long four-lane bridge across the Ganga river, just 38m on the upstream side of the existing MG Setu, along with approaches from km 0/0 to km 14/500 on National Highway 19 at Patna, […]
Russia signals oil output decline in 2019 after 10 years of growth
Russia’s oil output may decline next year due to a global reduction pact, Energy Minister Alexander Novak said on Tuesday, possibly halting an uninterrupted decade-long run of growth. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed this month to resume cutting output as oil prices have plunged […]
Saudi Arabia, Reliance in talks for refinery, petrochemical project: Saudi Oil Minister
World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries are discussing joint investment in petrochemicals and refinery projects, the Saudi Oil Minister Khalid al-Falihsaid. Al-Falih, who has known Ambani for over a decade now, travelled to Udaipur earlier this month to attend the pre-wedding festivities of Ambani’s daughter Isha’s marriage with […]