Oil & Gas Round Up - November 21 to 25, 2016

India Infoline News Service | Mumbai | November 25, 2016 17:33 IST

This week, Oil India considers issue of bonus shares, Asian Oilfield Services bags contracts from Oil India. IIFL presents a weekly snapshot of all the major happenings in the Oil and Gas industry, nationally and internationally.

Top News

Govt taking steps to make India a Gas based economy, says Dharmendra Pradhan

Minister of petroleum and natural gas, Dharmendra Pradhan said that natural gas is one of the cleanest and most environment friendly fuels with extremely low carbon dioxide emissions as compared to coal and oil and added that the government was taking a number of steps to make India a gas based economy. Read More

Domestic News

Asian Oilfield Services shine 3% after winning contracts from Oil India
The company said it received letters of award of two contracts by Oil India for acquisition of 2D Seismic Data in unappraised on land areas of North East India for an estimated total value of Rs 140 crore for both the contracts. Read More

Oil India to consider issue of bonus share on November 28
Oil India Ltd has informed BSE that the Board would inter alia consider “Issue of Bonus Shares” in the Board Meeting scheduled to be held on November 28, 2016. Read More

Production performance of oil & natural gas sector for October, 2016
Crude oil production by ONGC during October, 2016 was 1872.31 TMT which is 1.38% lower than the monthly target and 1.94% less when compared with October, 2015. Cumulative crude oil production during April-October, 2016 was 12901.21 TMT which is 1.33% lower than target for the period and 1.89% lower than the production during corresponding period of last year. Read More

DrivoJoy and Shell announce strategic partnership to deliver new age services
DrivoJoy, one of India’s first two-wheeler doorstep servicing start-up, announced today a new strategic partnership with Shell, world's largest lubricants brand. The alliance between the two aims to bring about change in the 2-wheeler servicing industry by bringing the best services and products to a customer’s doorstep. This partnership will provide a comprehensive solution to make the two wheeler service industry reliable, convenient and affordable. It also marks Shell’s entry into the organised two wheeler servicing sector as a lubricants partner. Read More


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