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Oil and Gas Round Up - November 17 to 21, 2014

India Infoline News Service | Mumbai | November 21, 2014 12:45 IST

The Bombay High Court ruled in favour of Shell in transfer-pricing order that sought to tax energy giant's 2009 investment in its Indian subsidiary, according to reports.

Pertamina is less reliant on subsidies but crude prices still drive profitability: S&P

India Infoline News Service | Mumbai | November 21, 2014 08:57 IST

S&P's estimate the reduced reliance on govt subsidies will likely lower Pertamina's annual working capital requirement by up to US$1.0 bn a drop of 10%-12%.

DIPP abolishes Licensing for Ammonium Nitrate Fuel Oil

India Infoline News Service | Mumbai | November 20, 2014 12:02 IST

The licencees prepare ANFO for their own use and on the spot captive consumption for blasting purposes in metaliferous mines.

Most major Asian economies to benefit from lower oil: Fitch

India Infoline News Service | Mumbai | November 20, 2014 11:31 IST

Most major Asian economies - including China, Japan, Korea and Thailand - would see an effective overall income boost from sustained lower oil prices.

ONGC Videsh bid for an oil and gas block in NZ: Report

India Infoline News Service | Mumbai | November 20, 2014 10:27 IST

The blocks on offer include five onshore areas and three offshore exploration areas.

Fitch: Most major Asian Economies to benefit from lower Oil

India Infoline News Service | Mumbai | November 20, 2014 10:21 IST

Most major Asian economies - including China, Japan, Korea and Thailand - would see an effective overall income boost from sustained lower oil prices.

CG announces new smart grid facility in France

India Infoline News Service | Mumbai | November 19, 2014 16:25 IST

CG's ZIV smart meters are gaining a strategic position in the Smart Grid European market and wins in 2014.

Govt may alter terms of Cairn India's Rajasthan oil block: reports

India Infoline News Service | Mumbai | November 19, 2014 14:26 IST

Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020.

Moody's: Indonesia fuel price hikes are credit positive for the sovereign and Pertamina

India Infoline News Service | Mumbai | November 19, 2014 12:18 IST

As for Pertamina, the higher fuel prices will be credit positive, as the reduction in fuel subsidies will lower the national oil company's borrowing requirements, improve its working capital position, and reduce potential losses arising from insufficient subsidy reimbursements from the government.

Apar Inds at record high on expansion plans

India Infoline News Service | Mumbai | November 19, 2014 11:36 IST

The stock, however, has now slipped into red owing to profit-taking.

Shell wins transfer pricing tax dispute: reports

India Infoline News Service | Mumbai | November 19, 2014 10:21 IST

Report said that this move will have impact on other multinationals fighting tax department on similar grounds.

Halliburton to buy Baker Hughes for about $35 bn

India Infoline News Service | Mumbai | November 18, 2014 12:06 IST

Halliburton Company and Baker Hughes Incorporated announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction.

Dharmendra Pradhan lays foundation stone of Poly propylene plant in Paradip

India Infoline News Service | Mumbai | November 17, 2014 12:41 IST

The Poly Propylene Unit with approximately700 TMTPA capacity will be built at a cost of Rs 3150 crore and is likely to be commissioned in the next three years.

ONGC, Coal India stake sale to begin December

India Infoline News Service | Mumbai | November 17, 2014 12:24 IST

ONGC stock was flat at Rs396, while Coal India shares were down at Rs352.

Top seven companies add Rs. 36,840 cr in market valuation

India Infoline News Service | Mumbai | November 17, 2014 08:29 IST

ITC was the biggest gainer with an addition of Rs. 10,015.78 crore to market capitalisation which stood at Rs. 2,93,849.29 crore on Friday

Early signs of a pullback in drilling activity

Mumbai | November 15, 2014 15:30 IST

With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending.

The Week That Was - November 10 to 14, 2014

India Infoline News Service | Mumbai | November 14, 2014 19:35 IST

Market movement may have been restricted in a trading range but Indian economy had plenty to cheer this week. Consumer Price Index-based inflation hit a new low of 5.52% in October; the lowest since January 2012.

ONGC Q2 net profit at Rs. 54448.90 mn

India Infoline News Service | Mumbai | November 14, 2014 18:02 IST

Total Income has decreased from Rs. 238976.40 mn for the quarter ended September 30, 2013 to Rs. 218086.40 million for the quarter ended September 30, 2014.

Oil and gas newsletter 10-14 November

India Infoline News Service | Mumbai | November 14, 2014 12:27 IST

Govt has increased excise on Petrol and Diesel by Rs1.50/l.

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