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Petrol prices cut by Rs. 2.43 per litre; diesel by Rs. 3.60

India Infoline News Service | Mumbai | July 31, 2015 22:52 IST

The Petrol in Delhi will cost Rs. 64.47 per litre, while litre of diesel will cost Rs 46.12, IOC said.

IOC cuts non-subsidised LPG price by Rs 23.5/cylinder

India Infoline News Service | Mumbai | July 31, 2015 21:27 IST

This is the second reduction in rates.

Oil and gas newsletter - July 27 to 31, 2015

India Infoline News Service | Mumbai | July 31, 2015 12:06 IST

Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani Reliance Group as CEO of Oil & Gas Business, according to reports.

Former Exxon president on mission to clean up oil sands

India Infoline News Service | Mumbai | July 31, 2015 09:39 IST

That would be highly enticing to some of the large operators in the Uinta Basin, Utah's emerging tight oil play. As shale production has soared across the country, operators have moved to Utah to try to coax oil and gas from shale rock in ways that have been done on such a large scale elsewhere.

Castrol India slips 0.5% despite 48% growth in Q1

India Infoline News Service | Mumbai | July 30, 2015 17:04 IST

The company posted 48.3 percent growth in June 2015 quarter net profit at Rs. 184 crore when compared with Rs. 124 crore in the corresponding quarter a year ago.

OPaL begins stake sale talks with PIC

India Infoline News Service | Mumbai | July 30, 2015 10:08 IST

A report says that PIC is in talks to acquire as much as 40% stake in OPaL.

Essar Oil gets stock exchanges approval for delisting

India Infoline News Service | Mumbai | July 30, 2015 06:40 IST

A report says that the delisting would give promoter Ruia borthers - Shashikant and Ravikant, greater flexibility and less regulatory scrutiny.

Growth is Life! Reliance HR chief Prabir Jha to quit

India Infoline News Service | Mumbai | July 30, 2015 06:26 IST

A report says that Prabir Jha, put in place a five-day week, increased leave entitlements and sought to modernise performance management and appraisal processes.

Essar Oil Q1 net profit at Rs. 1,063 cr; EBITDA at 11%

India Infoline News Service | Mumbai | July 29, 2015 17:33 IST

Total Income has decreased from Rs. 2,51,210 million for the quarter ended June 30, 2014 to Rs. 1,66,640 million for the quarter ended June 30, 2015.

RIL clarifies reports on selling US shale gas holdings

India Infoline News Service | Mumbai | July 29, 2015 17:16 IST

The Exchange had sought clarification from Reliance Industries Ltd with respect to news appearing in Mint on July 29, 2015 titled RIL likely to sell US shale gas holdings.

Indian crude Oil basket at $52.93/bbl on Tuesday

India Infoline News Service | Mumbai | July 29, 2015 10:24 IST

The price of Indian Basket decreased to Rs. 3,389.11 per bbl on Tuesday as compared to Rs. 3,437.44 per bbl on Monday.

RIL to consider sale of US shale gas stake: Reports

India Infoline News Service | Mumbai | July 28, 2015 19:44 IST

RIL has invested more than $8 billion in its unconventional gas joint ventures through the end of March, according to its annual earnings report.

Honeywell to acquire Elster

India Infoline News Service | Mumbai | July 28, 2015 16:10 IST

The acquisition is anticipated to occur in the first quarter of 2016. The agreement is subject to customary closing conditions, including regulatory review and Melrose share owner vote.

PSU OMCs trading flat after crude oil prices drop; HPCL top gainer

India Infoline News Service | Mumbai | July 28, 2015 15:06 IST

Oil prices fell further towards four-month low sliding for fifth straight session on Tuesday on persistent concerns over global supply glut.

Oil cracks around 2% over supply imbalance

India Infoline News Service | Mumbai | July 28, 2015 13:58 IST

Stock markets sell off on both the sides of the Pacific coupled with lackluster US oil demand added to the negative triggers for oil

Saudis expand price war downstream

India Infoline News Service | Mumbai | July 28, 2015 09:51 IST

In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world's biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in the world.

Oil prices in Asia hit; investors glue eyes on US Fed rate-hike

India Infoline News Service | Mumbai | July 27, 2015 15:22 IST

World top energy consuming country Chinas sinking manufacturing sector hurt oil prices in Asia today, at a time when investors are watching the move of US Federal Reserve for a change in interest rates.

Petronet LNG's AK Balyan joins Anil Ambani group as CEO of Oil & Gas Business

India Infoline News Service | Mumbai | July 27, 2015 06:32 IST

Balyan will lead the Groups efforts towards setting up of LNG terminal and LNG procurement for the Bangladesh power project.

ONGC plans to invest $8.8 bn in KG oil and gas discoveries

India Infoline News Service | Mumbai | July 26, 2015 12:13 IST

The company has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block in the Bay of Bengal into three clusters.

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Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

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