Setting the agenda for the Government for the first 100-days, the Petroleum Federation of India has asked the Government to decontrol petrol and diesel prices and to also restore tax breaks on natural gas output and tax holiday for private oil refiners. For full story, click here
State-run NTPC has agreed to purchase natural gas from Reliance Industries but is opposed to paying marketing margin to the private firm and wants to use the fuel at plants other than Kawas and Gandhar that were identified by the government. For full story, click here
Dana Gas, the Middle East’s first private sector regional natural gas company, declared its intention to expand its gas operations and investments in Egypt’s growing natural gas industry. For full story, click here
As per the report provided by French Finance and Environment Ministries, the price of natural gas for private and industrial consumers in France will dip by 11.3% on April 1. For full story, click here
Songa Offshore ASA announced that it has completed a private placement of 10.6 million new shares. The subscription price was set to NOK 25.00 per share, giving gross proceeds of approximately NOK 265 million. For full story, click here
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