Last week, the crude oil was stuck in a constricted trading range, with futures ending marginally higher, but suffering a weekly loss of close to 5 per cent.
Category: Oil & Gas
23 blocks on offer in third round of bidding for Open Acreage Licensing Policy
India has offered 23 hydrocarbon blocks in the third exploration bidding round of the Open Acreage Licensing Policy (OALP).
Qatar, India’s biggest supplier, wants natural gas in GST ambit
Qatar, the biggest supplier of liquefied natural gas (LNG) to India, wants the government to consider bringing natural gas in the ambit of Goods and Services Tax (GST). “LNG should be considered to get full benefits of GST,” Qatar Gas CEO Khalid Bin Khalifa Al-Thani said at Petrotech Conference in Greater Noida on Sunday. Natural […]
5 investors may join Brookfield for East West buy
MUMBAI: A set of marquee asset management companies, family offices, banks and insurers are said to be interested in participating in the Brookfield-led infrastructure investment trust (InvIT) that is buying the lossmaking East West Pipeline Ltd (EWPL), earlier known as Reliance Gas Transportation Infrastructure Ltd, for an enterprise valuation of Rs 13,000 crore ($2 billion).
Engineers India Ltd wins consultancy contract for Mangolia refinery
Engineers India LtdNSE -3.48 % has won a project management consultancy contract from Mangolia for a new 1.5 million tonnes refinery that the country is setting up.
Govt move to unlock ONGC, OIL gas
The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India’s natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said Sunday.
India offers 23 oil blocks in OALP-III bid round
India on Sunday offered 23 oil and gas and CBM blocks for bidding in the third round of Open Acreage Licensing Policy, expecting up to to USD 700 million of investment that it hoped will help raise domestic output and cut imports.
All households to soon have clean cooking fuel: Dharmendra Pradhan
After catapulting LPG coverage by about 40 per cent in just 55 months, the government will soon make available clean cooking fuel to all households, Oil Minister Dharmendra Pradhan said Sunday.
IOC, Adani, HPCL biggest bidders for city gas licences
State-owned Indian Oil Corp (IOCNSE -0.82 %) has emerged as the biggest bidder for city gas licences in the 10th bid round that also saw AdaniNSE -4.63 % Group, Hindustan Petroleum Corp Ltd (HPCLNSE -1.69 %) and Indraprastha Gas LtdNSE -2.78 % as the other prominent bidders, according to oil regulator PNGRB.
Oil falls on economic slowdown, but OPEC output cuts offer support
SINGAPORE: OilNSE 1.29 % markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and US sanctions against Venezuela provided
Kashmir cut off for 2nd day as heavy snowfall disrupts flight services, closes highway
SRINAGAR: Kashmir remained cut off from the rest of the country for the second day on Thursday as the Srinagar-Jammu National Highway remaind closed and flight services were disrupted at the airport here due to heavy snowfall in
Gail sets up satellite LNG station in Bhubaneswar
NEW DELHI: GailNSE -0.82 % has set up a satellite liquefied natural gas (LNG) terminal in Bhubaneswar to supply local customers in the absence of a gas pipeline — an innovative model that may get replicated by other city gas distributors eager to quickly start supply in new licence areas where gas pipelines are yet […]