The government is talking of a revolutionary transfer of its stake in the listed CPSEs to a separate corporate entity. 8This entity would be managed by an independent board and would be mandated to divest the government's stake in these CPSEs over a period of time. 8This will lend professionalism and autonomy to the disinvestment programme which, in turn, would improve the economic performance of the CPSEs, it is believed. Click on Details for more.
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The government has for the first time made out a compelling case for privatization of BPCL 8It said that privatization itself could add an extra Rs 33,000 crore to its valuation Click on Details for more
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Ammonia-Urea & Captive Power Unit Greenfield Project 8Cost - Rs 7000 crore 8Project Event: Project activity has been started on this private sector plant. Proposal for the environmental clearance is likely to be submitted in April 2020, in place of February 2020, RFQ for the EPC contractor is likely to be released after the environmental clearance. Click here for more details (Available through www.indianfertilizer.com)Details
Project Name: North-East natural gas pipeline (IGGL) 8Project Cost: 9265 crores 8Project Event: Equipment tenders for pipes, valves, fittings and compressors for the line to Numaligarh will be floated by March, 2020. Click here for more details Project Name: Gonda LPG Bottling Plant Greenfield Project 8Project Cost: 116 crores 8Project Event: RFQ for SCADA and automation is expected in March-2020. Click here for more detailsDetails
8There were in all 12 workove rigs for which ONGC had taken out a tender 8It is now learned that it had got a good response with rigs offers exceeding the requirement Click on Details for more
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For reference purposes the website carries here the following tenders: 8Supply of Carbon Steel IBR and Non IBR Tubes Details 8Annual Rate Contract for engaging M/s.Elliott Service Engineer for Trouble shooting of Elliott supplied equipment and M and I ShutdownDetails 8Supply of Fasteners Details 8Procurement of 3” Left Hand Square Kelly Details 8Supply of Gate Valve and their Spares Details 8Supply of Warren Make Pump Spares Details 8Civil SOR Bhopal Retail Region Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Government asks top PSUs to bring vendor network on TReDS Details 8Vedanta to raise up to Rs 2,500 cr via debentures Details 8India working on new strategy to meet the target of 10 per cent cut in oil imports by 2022: Oil minister PradhanDetails 8Indian Oil third quarter net profit jumps threefold to Rs 2,695 crore Details 8Transport Policy in a month; Focus will be on innovation, reforms in public transport: Gadkari Details 8Gurugram: Don’t build fuel station on green belt: DLF-1 residents Details 8Convert diesel buses to run on CNG & LNG; cut operational costs, Gadkari tells STCs Details 8BS-VI costs: Oil companies to raise rates by rupee 1 at one go in April Details 8First CNG private bus set to roll out in Kochi Details 8Australia aims to boost east coast gas supply in $1.4 bln state deal Details 8Oil jumps as WHO declares emergency but recommends no travel, trade restrictions Details 8G20 nation providing $30 bn annual funding for fossil fuels: analysis Details 8Saudi Aramco sets February propane price at $505 a tonne Details 8Saudi Arabia opens talks on possible Feb OPEC+ meeting after oil price slide Details You can also click on Newsclips for moreDetails
8Project Name: Barmer, Jaisalmer and Jodhpur Districts City Gas Distribution 8Project Cost: Rs 200 crore 8Project Description: Atlantic Gulf and Pacific Company has been granted permission to set up a CGD networks in Barmer, Jaisalmer and Jodhpur districts of Rajasthan. The entity won the project under the 9th CGD bidding round. The CGD network will have a coverage area of 34489 sq. km. Find out more about where its gas connectivity is coming from Find out what kind of RFQs are ahead Click here for more detailsDetails
8Project Name: Ramgarh Development Drilling 8Project Cost: Rs 370 crore 8Project Description:Oil India Limited's 1000 HP mobile drilling rig package for Ramgarh field in Rajasthan is expected to be awarded next month. 8Project Event: RFQs for equipment are expected by February end 2020. Click here for more detailsDetails
8Project Name: CB-ONN- 2010/5 Development Drilling Project 8Project Description:Pan India Consultants Limited along with its EIA consultant Envirocare Technocrats Private Limited is planning to conduct a public hearing for its 8 wells development drilling and production facilities development in CB-ONN- 2010/5 block in Gujarat. As per the sources, the owner is planning to conduct the public hearing on 25th February 2020 at 11 am. Earlier the public hearing for the project was planned to be held in October 2019, but due to the non availability of the slot the date had to be changed. 8Project Event: RFQ for the drilling services and equipment are out. Click here for more detailsDetails
Will IOC junk the Gujarat refinery expansion plan and go ahead with its petrochemical expansion plans in Dumad? 8Also, Dumad may see the gradual influx of Chinese EPC companies in the refinery and petrochemical business in India. This may become the biggest threat for established Indian and multinational players Click on Details for more
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An ugly batter seems to be emerging between the Ruias of Essar Steel and LN Mittal of ArcelorMitttal over possession of two jetties in Hazira where a steel mill is located 8The Ruias had to give up the steel mill as part of the $5.9 billion deal involving the take over of the ailing Essar Steel by a JV of Mittal and Nippon Steel, but it wanted to keep control of the jetties, and connected to one of which it had plans to set up a 6 MMTPA LNG terminal Click on Details for more
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How low will LNG prices go and by when in 2020? 8The nadir is expected to be reached in Q3, 2020 8Prices are expected to plunge to an unprecedented low Find out how low will they go
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How long will these low LNG prices last? 82020 is going to be bad, and the bad spell will continue into 2021 8But even if prices were to go up, another massive supply overhang is coming up in 2025 8By 2027, the markets are going to be hugely in oversupply Click on Details for more
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Project Name: Greenfield Multipurpose Project 8Project Cost: Rs: Rs:1512 crores 8Project Description: The owner and consultant has submitted the detailed project report to CWC for a 300 MW (3x100 MW) greenfield multipurpose project. The DPR has been approved. All site surveys and geotechnical investigations were completed. There is no requirement for forest clearance in the project. The project has got techno-economic clearance in Q4 2019. RFQ for civil works package-1 is likely to be floated in Q2 2020. Click here for more detailsDetails
Project Name: Greenfield Pumped Storage Project 8Project Cost:Rs: Rs:11054.1 crores 8Project Description: The owner plans to to install a 1350 MW pumped storage plant. PFR and DPR prepared by M/S WAPCOS LTD. Preparation of DPR is progress and it is likely to be completed by March 2020. RFQ for the civil work package -1 is likely to be floated by September 2020. Click here for more detailsDetails
Unknown company walks away with ONGC's six-field chemical-induced Enhanced Oil Recovery contract 8It won the contract over the heads of DeGolyer & McNaughton (D&M) and other established players Find out what transpired during the bidding process
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Atlantic, Gulf, and Pacific Company (AG&P) is setting up CGD networks in Anantapur and YSR (Kadapa) districts as well as in Sri Potti Sriramulu district, in Andhra Pradesh 8Gas will be drawn from IOCL's Ennore-Thiruvallur-Bengluru-Puducherry-Nagapatinam-Madurai-Tuticorin pipeline. For the time being however the company plans to haul LNG via tankers from import terminals to planned satellite terminals to launch its CNG services 8Here are two project-related updates along with RFQ dates coming up for steel pipelines, MDPE lines and LNG tankers Click here for more details AND Click here for more detailsDetails
On the face of it, the recent meeting between Qatar and India to renegotiate the price of long term gas bought from Qatar seems to have failed 8Qatar has rejected India's plea for a change in the long term pricing formula 8But this is only the first move in what will eventually be a settlement of sorts in the months ahead Click on Details for more
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Customized Blending Unit for NPK Fertilizer & Ammonia Storage Tank Greenfield Project 8Cost - Rs 90 crore 8Project Event: The project was on hold, but is likely to be activated in March 2020. Click here for more details Ammonia-Urea Annual Shutdown Maintenance Project 8Cost - Rs 30 crore 8Project Event: The company is already hired a maintenance contractor, the annual shutdown will likely take place in the second week of February 2020. to merge with the company's energy-saving scheme-II implementation. Click here for more details (Availabe only through www.indianfertilizer.com)Details
For reference purposes the website carries here the following tenders: 8Design and Commissioning of Vapour Recovery System Details 8HCL Domino Software License & Subscription as per enclosed BOM, Scope of Work and tenderDetails 8Supply of Temporary Electrical Connection Materials Details 8Supply of Flexible Metallic Steam Hoses Details 8Procurement, Installation and Commissioning of Gas Engines Details 8Construction and Installation of RO Plant Details 8Procurement master measuring Instruments for C2C3 Instrumentation Department Details 8Procurement of oxidation catalyst for CFC unit as per tender specification at refinery Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8OPINION: LNG, the "champagne" of fuels, should enjoy its beer moment: Russell Details 8Maharashtra: NMC’s bio-CNG project gets funding nod from centre Details 8Oil Min pitches for inclusion of natural gas in GST Details 8India can easily save $600 million annually through ethanol uptake: Eduardo Leão de Sousa, Executive Director, UNICA Details 8Budget 2020: Oil & Gas industry demands tax clarity, oil cess reliefDetails 82,000 fueling stations on Delhi-Mumbai Expressway, priority to LNG: Nitin Gadkari Details 8HPCL nearly uses entire FY20 capex Details 8Oil falls as virus death toll climbs, US inventories rise Details 8Punjab govt owes over Rs 25 crore to pumps, drivers pay for government cars’ fuel Details 8Congress demands government spell out measures in budget to double farm income; bring petrol/diesel under GST Details 8Cooking gas prices may rise further as oil subsidies end by FY22 Details 8Crude oil futures firm up on global cues Details 8Indonesia's Pertamina ends deal with Italy's Eni for palm oil fuel project: Pertamina CEO Details 8Kosmos abandons Oldfield exploration well in U.S. Gulf of Mexico Details 8Oil producer Hess boosts 2020 spending on Guyana, Bakken ramp-up Details 8Oil spill from S-Oil's offshore buoy contained off the coast of S.Korea Details 8A year after sanctions, Venezuela's embattled oil industry hangs on Details 8Gas prices in UK fall as temperature turns warmer and wind power rises Details 8Novak says current tax regime may hurt Russia's oil output Details 8Kazakhstan halts contaminated oil from spreading outside country Details 8AI sell-off: Experts feel bidders will take long-term view of sector Details You can also click on Newsclips for moreDetails
Now that it has got its viability gap funding approved, Indradhanush Gas Grid Ltd has got to work on its 1656 km gas grid 8Find out more on the plan ahead, including when RGQs are expected to come out Click on Details for moreDetails
8Project Cost: Rs 200 crore 8Project Description:Megha Engineering and Infrastructures Limited's plan for the development drilling in Laxmijan Block has now been postponed Click here for more detailsDetails
8Project Name: Ramol Greenfield Quick Production System 8Project Description:Oil and Natural Gas Corporation Limited is yet to award the LSTK contract for the construction of Ramol Quick Production System. As per the sources, the LOI has been delayed on account of some pending approvals, which are expected to be granted by Q1 end 2020. In the meanwhile, the Oil PSU is yet to apply for environment clearance till now, only after the grant of which the actual ground work will start. Click here for more detailsDetails
8Project Name: Khagorijan Oil and Gas Field Site Development 8Project Cost: Rs 1988 crore 8Project Description:Oil India Limited's RFQs for the hiring of services of oil and gas processing facility in the Khagorijan Field for a period of 03 (three) years for the 54 well development drilling programme and pipeline installation project, under Tinsukia PML, Tinsukia Extension PML and Chabua PML blocks in Assam are expected to be released by Q2 end 2020.The tender for the hiring of EPC contractor for 30 km gathering pipeline stretch from East Khagorijan GGS to Chabua FGGS pipeline and Nadua OCS To Dikom OCS pipeline will be taken up after that. Click here for more detailsDetails
8Shearwater GeoServices Holding AS (“Shearwater”) has been awarded a 3D broadband marine seismic acquisition contract by Reliance Industries Ltd (“Reliance”) in the Bay of Bengal, India. The project is scheduled to commence in Q2 2020. Click on Details for more
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In what is being seen as a big relief to gas-based power stations, deepwater gas based on free market pricing will now be deemed as acceptable for project promoters to be the basis on which they can claim "availability" status for their plants under a power purchase agreement (PPA). 8Accordingly, even if they are not producing (as gas based power may be more expensive under India's merit order despatch system), promoters will become entitled to compensation of capacity related charges by utilities with whom they have long term PPAs. 8The stand of the utilities that plant availability will only be accepted if such gas is priced at less than or equal to gas price notified by the government from nomination fields was rejected. 8This breather may allow some promoters (who can back up their claims, which in itself may not be all that simple) to keep their heads over water while the government works out a deal to get stalled gas based capacity going on cheaply available gas. Click on Reports for more
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In recent years, there has been a proliferation of small, non-oil based companies entering the E&P sector. 8Here is an example of a transporter from Barmer who last week bought over an operating oil field. His two-man operation turned into a Rs 60 crore business when the RJ-ON-90-1 field was developed by Cairn. 8Equipment and service suppliers, who had been used to working so far with the likes of ONGC and OIL, are often at sea when it comes to dealing with the newer crop of E&P entrepreneurs. Click on Details for more
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8Project Name: CB-ONHP-2017/7 Block Exploration 8Project Cost: Rs 1038.9 crore 8Project Description: Vedanta Limited promoted Cairn Oil and Gas is planning to start the exploration activities at CB-ONHP-2017/7 block in Cambay Basin. The block had been awarded to the company under OALP 1 in 2018 and covers an area of about 1335 sq km. The block covers the region of Patan, Banaskantha and Mahesana districts of Gujarat. The operator has planned to drill 57 exploratory (including appraisal) wells with depth of 4500 m over the block. 8Asian Oilfield Services Ltd. is mobilizing crew and equipment for seismic acquisition contract for which it received the LoA on December 14, 2018, from Vedanta-owned Cairn to shoot 150 LKm of 2D and 650 sq km of 3D seismic data at CB-ONHP-2017/7. Click here for more details Also get Cairn India updates on the following projects: 8CB-ONHP-2017/4 8CB-ONHP-2017/5 Click on Reports for more
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Ammonia-Urea Expansion Project 8Cost - Rs 150 crore 8Project Event: The project has been elicited the environmental clearance and what is awaited is gas connectivity . It will take a two to three months. for RFQ for the EPC contractor to be floated Click here for more details (Available only through www.indianfertilizer.com)Details
There has been a change of management and there is now rethinking on the viability of the Rs 1500 crore NPK plant 8There will be a re-release of the LSTK RFQ 8But there is rethinking on site location as well as whether the JV route will be the most optimal Click here for more details (Available only through www.indianfetilizer.com)Details
What is the latest on the sale of IOC's pipeline division? 8IOC chairman has denied that the company would lose ownership of the pipeline division 8But that is not the last word on the subject Click on Details for more
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For reference purposes the website carries here the following tenders: 8Design and AMC for constructed Wetlands Bio Phytoremediation Plant Details 8Vehicle tracking system for tank trucks at HPCL locationsDetails 8Supply of various sizes of 150# CS Pressure Balanced Plug valves, Manually operated valves and MOVs Details 8Supply of Spares for 20 Ton Hydra. Details 8Supply of Material as per specification Details 8Carrying out NDT services during shutdown Details 8Supply of Sodium Hypochlorite Details 8Supply of Secondary Reformer Catalyst in Ammonia Plant Details 8Removal of Hydrogenation and Pre Reformering Catalyst in Naphtha Section Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8UK: Green groups push for IMO to ban low sulphur marine fuel in Arctic Details 8Fuel prices dip further due to softening of Brent crude Details 8TAPI pipeline project faces more delays in AfghanistanDetails 8Oil & gas company Nostrum suspends drilling for 2020, expects lower production Details 8Gazprom sees stable exports in the medium term Details 8Asia jet fuel demand slumps as airlines cancel flights after virus outbreak Details 8Saudi Aramco joins oil blockchain platform Vakt Details 8UK GAS-Prices rise on cold weather demand, LNG supply drop Details 8Essar Oil UK appoints Mark Wilson as CEO Details 8OPEC aims to extend oil output cuts through June, alarmed by China virus Details 8Gulf Oil expects reforms to boost auto sector in Budget Details 8Brent crude has support at around $57.50-58: Jonathan Barratt Details 8LNG imports increase 7 per cent as demand grows Details 8Oil rises as investors take stock of economic hit from virus Details You can also click on Newsclips for moreDetails
The PPAC and the petroleum ministry have come in for criticism for their inability to provide disaggregated data on the oil & gas industry 8The one revolution that the current petroleum minister can bring about is greater transparency in data dissemination 8In the PPAC data, for example, there is a very high share of non-specified industry in overall reporting. In the case of petroleum fuels, despite sector-wise reporting, 88% of end-use is ambiguous as it gets reported under the resellers/retailers/miscellaneous head. This is due to the lack of a bottom-up estimation process 8Further, the lack of harmonized classification of different end-use sectors within the available energy statistics reports does not allow for a comprehensive view of energy consumption at sectoral levels 8End-use view of auctioned products as well as imported fuel is inaccessible 8On oil & gas emission, there is no data at all on gas leaked during E&P operations 8The PNGRB, for example, is planning to digitize gas sector transations but how much of it will be available to the public is not known. 8It looks like the data dissemination in India is way below par in comparison to global peers Click on Reports for more
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8Project Name: Banaskantha City Gas Distribution 8Project Cost: Rs 200 crore 8Project Description: IRM Energy Private Limited, has been granted permission on July 1, 2016, to set up a CGD network in Banaskantha district of Gujarat. The entity won the project under the 6th CGD bidding round. The CGD network will have a coverage area of 10668 sq. km. 8Gas is being drawn from GSPL India Gasnet Limited's Mehsana - Bhatinda Natural Gas Pipeline through a 70 km Gana-Palanpur spurline. The operator has already installed 4 CNG stations in Palanpur and 15 Daughter Booster Stations in the district. 8The project will require line pipes; carbon steel pipes; polyethylene pipes; galvanized iron pipes; copper tubes; piping system components such as pipeline valves, stud bolts, and nuts; pressure relief valves, slam-shut valves, steel gate, globe, and check valves; metal ball valves; steel pipeline flanges; steel line blanks; gaskets; copper fittings; pressure safety equipments such as regulators, slam shut valves and creep relief valves; filters; metering equipments such as pressure gauges, gas meters, orifice meters; odorizing units; compressors; pumps; etc.(you can search out database by equipment, and all projects where the equipment is needed will show up) 8Project Event: RFQs for laying steel pipeline network and associated works is expected by Q3, 2020. RFQs for laying of MDPE pipeline network and associated works is expected by Q3, 2020. RFQs for the supply of CNG Cascades are expected later in Q1 2021. Click here for more detailsDetails
8Project Name: Ramanthapuram Offshore Drilling 8Project Cost: Rs 600 crore 8EIA consultant is at work 8A shallow water jack-up RFQ was expected in Q-1 2020 but has been put off now Click here for more detailsDetails
8Project Name: Shipahijala Exploratory Drilling 8Project Cost: Rs 2850 crore 8Project Event: RFQ for the hiring of seismic survey services is expected by March 2020 now. RFQ for the hiring of an EIA consultant is expected by Q2 2020. Click here for more detailsDetails
8Project Name: GK-28/42 Offshore Field Development 8Project Cost: Rs 2830 crore 8There is an onshore gas processing facility coming up as well as an offshore process platform 8The EPC contractor RFQ for the onland facility was meant to come out in January but has been put off now 8Know more about when the tender is going to be out Click here for more detailsDetails
What is the global annual salary for a permanent oil & gas employee? 8Salaries vary across different jobs, from an accountant or a welder to a production or a reservoir engineer. 8Among oil & gas jobs which are better paying than the others? 8More importantly, what is the outlook for employment in 2020 and beyond? 8How many employees are wanting to change jobs and why? 8How does your salary compare with this global average? If you are looking for a global job, this salary matrix can be of big help Click on ReportsDetails
8Project Name: Jorajan Drilling Field Development 8Project Cost: Rs 2110 crore 8Project Description:Oil India Limited's RFQs for the development drilling of 67 onshore oil & gas wells in Jorajan area of Tinsukia and Dibrugarh districts of Assam are expected to be delayed on account of delay in grant of the forest clearance and wildlife clearance. 8When can RFQs be expeced next? Click here for more detailsDetails
8Project Name: Pipeline Replacement Project (PRP-7) 8Project Cost: Rs 2000 crore 8There was a big lineup of potential investors. 8Also, we have drawn up a list of those who have atttended the pre-bid conference and those who are most likely to bid 8Another extension of bidding date likely. Click here for more detailsDetails
There is a still a lot of cushion left for use of gas in polluting Indian clusters 8Already, in Morbi and order banning coal gasifiers has resulted in total demand for gas going up to 6.5 mmscmd 8There are a 100 industrial clusters that have to eventually make that transition 8For now, three more industrial clusters which have to make the mandatory switch to gas soon will yield an extra 2.5 msmcmd of gas demand Click on Details for more
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OALP-V has some interesting blocks on offer 8Given the surfeit of offerings, has the exploratory appetite been whetted already in India? Click on Details for more
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Unless the government takes certain critical deregulatory decisions, privatization of BPCL cannot happen. 8Find out more on what these decisions have to be 8Also, if the regulatory changes are not initiated, and if privatization is stalled, the government may have to end up allowing IOC to bid for BPCL This looks more of a probability than ever before. Click on Details for more
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Ammonia-Urea Expansion Project 8Cost - Rs 150 crore 8Project Event: The project has been elicited the environmental clearance but management is waiting for gas connectivity to th eplant, and that is going to take a few months. RFQ for the EPC contractor is likely to be released in April 2020. Click here for more details Ammonia-Urea Energy Saving Project 8Cost - Rs 262 crore 8Project Event: 96% Installation work has been completed, the installation of HRSG and GTG has been completed, The pre-commissioning is ongoing and commissioning is likely to be completed in April 2020. Click here for more details (Available only through www.indianfertilizer.com)Details
For reference purposes the website carries here the following tenders: 8Supply of Threaded Tubings with Pup Joints Details 8Revamp of plumbing systemDetails 8Manufacture and supply of HDPE containers of various sizes to kolkata terminals Details 8Technical Manpower services in Pipelines Details 8ARC for supply of skilled/ highly skilled resources for reliability related jobs in Phase 1, 2, 3 & condition monitoring jobs in Phase 3 units Details 8Supply of Boiler Drum, Main Steam and Start up vent Silencers Details You can also click on Tenders for more For reference purposes the website carries here the following Newsclips: 8Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM Details 8Tamil Nadu: MK Stalin invites farmers to protest against hydrocarbon projects Details 8India needs to re-examine long-term gas pricing with Qatar: Oil Minister Details 8Qatar not keen to renegotiate LNG contracts with India - Qatar minister Details 8Oil prices skid 2 per cent, extending slide as China virus spreads Details 8BSE inks licensing agreement with ICE to use Brent index Details 8India wants Qatar to lower gas price; Qatar says no to reopening existing contracts Details 8Fuel prices dip further due to softening of Brent crude Details 8India offers Qatar stake in gas-fired power plantsDetails 8Saudi energy minister says confident China can contain, eradicate new coronavirus Details 8Russia's Pacific port of Kozmino saw oil exports up by 9.2 per cent in 2019 Details 8Oil prices had weakened even before coronavirus scare: Peter Cardillo, Spartan Capital Details 8Fuel prices cut further due to slump in Brent crude Details 8Brent falls below $60 as coronavirus deaths rise sharply Details 8Swedish oil firm Lundin to become carbon neutral by 2030 Details 8Belarus touts U.S. as possible alternative to Russian oil: Belta Details 8Oman says supports Saudi readiness to react to virus impact on oil market Details You can also click on Newsclips for moreDetails
Project Name: Golaghat Greenfield 2G Bio Refinery 8Project Cost: Rs 950 8The management seems to have got into a spat with the civil contractor 8So wok is getting delayed Click here for more detailsDetails