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ONGC fixes record Date for Interim Dividend

India Infoline News Service | Mumbai | November 28, 2014 17:47 IST

Payment of interim Dividend, if declared, shall start from December 18, 2014 onwards to the Shareholders.

Oil's plight! Can cool towards US$60/bbl

IIFL | Mumbai | November 28, 2014 16:43 IST

Considering the scheme of things, we will not be surprised to see oil prices moving further lower till US$60/bbl.

India signs MOU with Mozambique on cooperation in the field of Oil and Gas

India Infoline News Service | Mumbai | November 28, 2014 14:15 IST

Pradhan said that both the countries have traditional links which have grown from strength to strength over the years.

Oil and Gas Newsletter - November 24 to 28, 2014

India Infoline News Service | Mumbai | November 28, 2014 12:46 IST

According to the Moody's report, Indian Oil Corp posted weak financial results for the July-September quarter will see improvement in its credit profile because of diesel price deregulation and falling crude oil rates.

OPEC conference reviews oil market outlook

India Infoline News Service | Mumbai | November 28, 2014 12:10 IST

The Conference also considered forecasts for the world economic outlook and noted that the global economic recovery was continuing, albeit very slowly and unevenly spread, with growth forecast at 3.2% for 2014 and 3.6% for 2015.

Govt panel suggests Oil Min approve RIL D6 budget at time

India Infoline News Service | Mumbai | November 28, 2014 11:46 IST

Report said that the government has submitted audit of RIL, Cairn India block pacts.

Oil is Well: Lower oil prices may sustain

Mumbai | November 27, 2014 15:51 IST

Some news reports suggest that the Organisation of Petroleum Exporting Countries (OPEC) are willing to offer competitively lower prices than each other to maintain market share. This is unlike OPEC's earlier approach wherein they used to together cut the production

Oil prices fall to four-year low

India Infoline News Service | Mumbai | November 27, 2014 10:59 IST

Report said that Benchmark Brent futures dropped over $1 to $76.28 a barrel, the lowest level since September 2010.

Asian Refining & Marketing: Demand growth will ease pressures from capacity overhang

India Infoline News Service | Mumbai | November 27, 2014 10:11 IST

Asian refiners will see aggregate EBITDA grow by around 5% through 2015, with the higher output of refined oil products more than offsetting the impact of weak refining margins on earnings.

ONGC-RIL report gas row expected by June: Dharmendra Pradhan

India Infoline News Service | Mumbai | November 27, 2014 08:57 IST

In a written reply to a question in Rajya Sabha, Pradhan stated that ONGC had requested the court to appoint an independent agency under its supervision.

NRL sees spurt in business opportunity with take off of refinery expansion: Report

India Infoline News Service | Mumbai | November 26, 2014 11:49 IST

At 11.50 AM, the stock was up 0.18% at Rs. 711.05. The stock has hit a high of Rs. 720 and a low of Rs. 709.

Follow the sand to the real fracking boom

India Infoline News Service | Mumbai | November 26, 2014 08:49 IST

Frack sand exponentially increases the return on investment for a well, and oil and gas companies are expected to use some 95 billion pounds of frack sand this year, up nearly 30% from 2013 and up 50% from forecasts made just last year.

ONGC board gives approval to Cairn's Rajasthan gas production plan

India Infoline News Service | Mumbai | November 25, 2014 16:56 IST

Cairn India is planning to double the Raageshwari Deep Gas daily production by the fourth quarter of the fiscal 2015.

RIL seeks interest on KG-D6 gas payments: reports

India Infoline News Service | Mumbai | November 25, 2014 16:30 IST

Report stated that the government had hiked domestic natural gas prices by 33% to $5.61 per million British thermal unit.

Govt plans to divest CIL, ONGC, SAIL by Jan end

India Infoline News Service | Mumbai | November 25, 2014 15:24 IST

Report also stated that the government expect the stake sale in either Coal India or ONGC to happen in the next two weeks.

Adani and Welspun eye shale and oil assets in US and Canada

India Infoline News Service | Mumbai | November 25, 2014 12:45 IST

The reported investment for joint acquisition of the projects is believed to be close to $1.5 billion

Moody's: Indian Oil diesel to improve its price deregulation

India Infoline News Service | Mumbai | November 25, 2014 09:24 IST

The company reported a negative refining margin of $2 per barrel in the quarter.

Essar Oil appoints Manish Maheshwari as CEO- Exploration & Production

India Infoline News Service | Mumbai | November 24, 2014 12:08 IST

Maheshwari will be responsible for Essar's entire E&P business.

CAG not factoring project delays if decision not taken: RIL

India Infoline News Service | Mumbai | November 24, 2014 10:44 IST

RIL stated that the auditor was using hindsight to question project efficiencies and procurements made eight years back, says report.

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