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Platts Report: China oil demand climbed 6.5% yoy in March

India Infoline News Service | Mumbai | April 28, 2015 19:08 IST

Chinas refinery throughput in March averaged 10.57 million b/d, rising 5.5% from a year earlier, data from the countrys National Bureau of Statistics showed April 15. On the other hand, net oil product imports fell to a four-month low of 40,000 mt, according to data released April 13 by the General Administration of Customs.

Petronet LNG stock ends flat

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

According to media reports, the government has received complaints about alleged irregularities in some gas purchase contracts executed by Petronet, with regards to contracts with Qatar's RasGas, ExxonMobil's Gorgon project in Australia.

OMCs in focus on the back of subsidy relief

India Infoline News Service | Mumbai | April 28, 2015 16:07 IST

The government has decided to pay the full subsidy compensation of Rs. 8,600 crore to the OMCs for the fourth quarter of FY15.

Oil Ministry: RIL gas output from KG-D6 block fell on breach of contractual provisions

India Infoline News Service | Mumbai | April 28, 2015 11:57 IST

The ministry, while giving its view to Parliament's Standing Committee on Petroleum and Natural GasReport said that contractor breached contractual provisions, and rejected the company's contention.

Global crude oil price of Indian Basket was US $62.67 per bbl on Monday

India Infoline News Service | Mumbai | April 28, 2015 11:39 IST

Rupee closed weaker at Rs. 63.61 per US$ on Monday as against Rs 63.40 per US$ on Friday.

IndianOil's Paradip refinery starts crude processing

India Infoline News Service | Mumbai | April 28, 2015 11:04 IST

IndianOil has started the process of commissioning its 15 MMTPA state-of-the-art Paradip Refinery.

Gujarat Gas stock surges 5%

India Infoline News Service | Mumbai | April 28, 2015 10:03 IST

The Group has posted a net profit after taxes and minority interest of Rs. 626.70 million for the Quarter ended March 31, 2015 where as the same was at Rs. 492.70 million for the Quarter ended March 31, 2014.

Petronet LNG slips 2%

India Infoline News Service | Mumbai | April 28, 2015 09:20 IST

According to media reports, the government has received complaints about alleged irregularities in some gas purchase contracts executed by Petronet, with regards to contracts with Qatar's RasGas, ExxonMobil's Gorgon project in Australia.

Petronet expects improvement in margins in current quarter: RK Garg

India Infoline News Service | Mumbai | April 27, 2015 15:02 IST

They are confident that the increase in Brent prices and crude oil levels, will not affect much with respect to the pricing. Moreover, the Board of the company has approved the expansion of Dahej terminal from 10 million tonne to 17.5 million tonne.

Indian petrochemical industry may touch $100 bn by 2020: ASSOCHAM

India Infoline News Service | Mumbai | April 27, 2015 08:32 IST

The domestic petrochemical industry is in the process of investing over $25 bn to meet the surging demand, besides to overcome the broad problems of infrastructure, power, water availability and others the Govt initiative of PCPIRs will greatly motivate the companies to invest them, ASSOCHAM said.

Oil Ministry rejects RIL arbitration notice: Reports

India Infoline News Service | Mumbai | April 26, 2015 12:41 IST

Reports said that this move is in accordance with the provisions of the contract

Petronet LNG Q4 net profit at Rs. 3007.50 mn

India Infoline News Service | Mumbai | April 25, 2015 19:46 IST

Total Income has decreased from Rs. 104585.50 mn for the quarter ended March 31, 2014 to Rs. 72192.80 million for the quarter ended March 31, 2015.

Moody's: Proppant companies' earnings will take a hit as low oil and natural gas prices pressure drillers

India Infoline News Service | Mumbai | April 24, 2015 19:05 IST

Moody's said the negative outlooks for Exploration and Production and Oilfield Services sectors will increasingly lead to weakness among proppant companies.

Gujarat Gas tanks 7%; jumps in Q4 net profit

India Infoline News Service | Mumbai | April 24, 2015 16:07 IST

The company reported a steady 27.2 percent jump in Q4 net profit at Rs. 62.67 crore on a year-on-year basis. Further, the sentiment was boosted on news that Competition Commission of India (CCI) closed an anti-competitive case against company.

Gujarat Gas stock slips on Q4 earnings

India Infoline News Service | Mumbai | April 24, 2015 16:01 IST

The company reported a steady 27.2 percent jump in Q4 net profit at Rs. 62.67 crore on a year-on-year basis.

Oil & Gas Newsletter - April 20 to 24, 2015

India Infoline News Service | Mumbai | April 24, 2015 11:43 IST

Moody's points out that revenue fell, due to the slide in crude oil prices. Crude prices have fallen by more than 50% since June 2014.

Gujarat Gas Q4 PAT at Rs. 62.6 crores

India Infoline News Service | Mumbai | April 24, 2015 11:17 IST

Total Income is Rs. 5643.90 mn for the Quarter ended March 31, 2015 where as the same was at Rs. 7,939.70 mn for the Quarter ended March 31, 2014.

Cairn India tumbles 3% on Q4 loss

India Infoline News Service | Mumbai | April 24, 2015 09:29 IST

The company has reported a consolidated net loss of Rs. 240.82 crore for Q4FY15 as against a net profit of Rs. 303.54 crore in Q4FY14.

Cairn India Q4 net loss at Rs. 241 crore

India Infoline News Service | Mumbai | April 23, 2015 18:23 IST

Total Income has decreased from Rs. 52,128.20 mn for the quarter ended March 31, 2014 to Rs. 28,664.80 mn for the quarter ended March 31, 2015.

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