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Essar Oil Q4 net profit at Rs. 546 crore; sales down 38.3%

India Infoline News Service | Mumbai | May 25, 2015 18:28 IST

Total Income has decreased from Rs. 2,55,080 million for the quarter ended March 31, 2014 to Rs. 1,57,530 million for the quarter ended March 31, 2015.

GAIL commences 1st phase of Jagdishpur-Haldia pipeline

India Infoline News Service | Mumbai | May 25, 2015 17:52 IST

The stock ended 3% lower at Rs. 386.

IOC to infuse Rs 1,000 crore in Chennai Petroleum

India Infoline News Service | Mumbai | May 25, 2015 17:26 IST

Chennai Petroleum Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on May 23, 2015, has accorded approval to increase Authorised Share Capital of the Company.

ONGC gains 1.7% on hopes of subsidy relief

India Infoline News Service | Mumbai | May 25, 2015 16:15 IST

The government announced that the oil explorers like ONGC and Oil India will be spared from the subsidy burden as long as global crude oil prices remains below $60 per barrel.

Chennai Petroleum stock hits 20% upper circuit

India Infoline News Service | Mumbai | May 25, 2015 16:04 IST

The company reported a massive 631 percent surge in Q4 net to Rs. 364.57 crore for the quarter ended March 2015

French's Total and MRPL in discussion for partnership

India Infoline News Service | Mumbai | May 25, 2015 15:26 IST

The deal will allow sale of MRPL's petrol and diesel from Total's LPG outlet and also further providing permission to Total in selling LPG from MRPL's petrol pumps.

Indian basket crude oil price at $63.68/bbl on Friday

India Infoline News Service | Mumbai | May 25, 2015 10:42 IST

The price of Indian Basket increased to Rs. 4,048.14 per bbl on Friday as compared to Rs 4,042.40 per bbl on Thursday.

BPCL surges after signing pact with SBI

India Infoline News Service | Mumbai | May 25, 2015 10:39 IST

BPCL on Friday after market hours announced that it has entered into a term loan agreement with SBI to set-up a rupee loan facility.

ONGC up on hopes of subsidy relief

India Infoline News Service | Mumbai | May 25, 2015 10:29 IST

ONGC is trading on a positive note on hopes of getting subsidy relief after the government announced that oil explorers - ONGC and Oil India may be spared the from payment of fuel subsidy in case global oil prices average up to $ 60 a barrel, but will have to pay a graded rate beyond this threshold.

GSPL stock slips 3% on Q4 numbers

India Infoline News Service | Mumbai | May 25, 2015 09:37 IST

The Company has posted a net profit of Rs. 670.981 mn for the quarter ended March 31, 2015 as compared to Rs. 914.649 mn for the quarter ended March 31, 2014.

OMCs tank up gains as fuel prices rise

India Infoline News Service | Mumbai | May 24, 2015 23:41 IST

The government raised petrol and diesel prices twice in recent times with petrol prices moving up by Rs 7, and diesel by Rs 5 a litre in the two hikes implemented.

India wants a long- term partnership with Colombia: Dharmendra Pradhan

India Infoline News Service | Mumbai | May 24, 2015 10:20 IST

Pradhan also visited Moriche oil field where ONGC Videsh Ltd( OVL) along with SINOPEC of China and ECOPETROL has formed a consortium named Mansarover Energy which is producing about 2 MMT oil per year.

BPCL enters into agreement for rupee loan facility

India Infoline News Service | Mumbai | May 22, 2015 17:06 IST

Under the facility, BPCL can avail a loan of up to Rs. 4,000 Crores which can be drawn over a period of 3 years.

GSPL Q4 net profit at Rs. 67.1 crore

India Infoline News Service | Mumbai | May 22, 2015 16:56 IST

The company has recommended the Dividend of Rs. 1.2 per share of Rs. 10/- each for the financial year 2014-15.

ONGC stock ends 2% higher

India Infoline News Service | Mumbai | May 22, 2015 16:23 IST

Indias Oil Ministry plans to exempt companies from giving any discount on crude and refined fuel sales if oil prices average up to $60 a barrel this quarter, says report.

MRPL Q4 net profit at Rs. 1,169.7 Crore

India Infoline News Service | Mumbai | May 22, 2015 16:07 IST

Total Income has decreased from Rs. 198639.90 million for the quarter ended March 31, 2014 to Rs. 114744.30 million for the quarter ended March 31, 2015.

ONGC, Cairn to invest in K-G basin: Reports

India Infoline News Service | Mumbai | May 22, 2015 15:53 IST

ONGC has prepared Field Development Plan and drilled two gas producing wells at the block.

Oil and Gas Newsletter - May 18 to 22, 2015

India Infoline News Service | Mumbai | May 22, 2015 11:16 IST

The Composite Scheme of Arrangement in nature of amalgamation between Gujarat Gas Company Ltd and GSPC Gas Company Ltd, Gujarats best performing companies in gas distribution sector in India, has been approved and a new amalgamated entity, Gujarat Gas Limited has now emerged.

Subsidy payouts: Oil Min issues interim rules

India Infoline News Service | Mumbai | May 22, 2015 09:47 IST

Oil Ministry has issued Interim rules on subsidy payouts by ONGC,Oil India,GAIL saying that the companies have been exempted from paying any subsidy in Q4, as long as the crude oil prices remain below $60 per barrel.

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Recent Reports

Lower product prices put pressure on earnings

India Infoline Research Team / 14:59, May 20, 2015

GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices

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