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Kamarajar Port gives approval to IOC for captive jetty: Reports

India Infoline News Service | Mumbai | September 05, 2015 10:23 IST

Report says that IOC is planning to set up a Rs.5,150 crore LNG import terminal at Ennore.

Oil and Gas newsletter-31st August-4th September

India Infoline News Service | Mumbai | September 05, 2015 10:05 IST

The Union Cabinet chaired by the Prime Minister, Narendra Modi gave its approval to the Marginal Fields Policy (MFP), for development of hydrocarbon discoveries made by national oil companies; Oil & Natural Gas Corporation Ltd. (ONGC) and Oil India Ltd. (OIL).

Reliance Global Singapore office gets new head

India Infoline News Service | Mumbai | September 04, 2015 16:53 IST

Report says that Mike Omar, chief executive of Reliance Global Energy Services since August 2009, will become president of business development, a newly created role.

ONGC sags 2%; to join hands with British Gas

India Infoline News Service | Mumbai | September 04, 2015 16:13 IST

The company is planning to join hands with British Gas to conduct a study to reestablish exploration in Cauvery Basin Offshore. Besides, the company also said that its Mission 2018 is to produce first gas in eastern offshore Block KG-DWN-98/2.

Oil prices fell amid investors trying to gauge from US jobs data

India Infoline News Service | Mumbai | September 04, 2015 16:00 IST

There was a decline of 21 cents to $50.47 a barrel in Brent Crude for October delivery, as of 0156 GMT, after ending the previous session 18 cents higher, the report said.

Oil & Gas Newsletter - August 31 to September 04, 2015

India Infoline News Service | Mumbai | September 04, 2015 15:57 IST

Petroleum Minister Dharmendra Pradhan reportedly said that the government would soon finalise formula to calculate premium on gas pricing for difficult blocks.

ONGC stock down 3%; to join hands with British Gas

India Infoline News Service | Mumbai | September 04, 2015 11:06 IST

The stock opened at Rs. 234 as against the previous close of Rs. 229 on BSE. It has hit a high of Rs. 234 and a low of Rs.221 on BSE today.

Indian Crude Oil basket price at $48.70/bbl on Thursday

India Infoline News Service | Mumbai | September 04, 2015 10:56 IST

The price of Indian Basket increased to Rs. 3,225.40 per bbl on Thursday as compared to Rs. 3,086.36 per bbl on Wednesday.

ONGC acquires 15% stake in Russia's Vankor oil field

India Infoline News Service | Mumbai | September 04, 2015 10:19 IST

Report says that ONGC Videsh Ltd signed agreements in Moscow to buy 15% stake in the Vankor oil field in East Siberia.

Deep Ind bags order from ONGC; gains 3%

India Infoline News Service | Mumbai | September 03, 2015 15:04 IST

The stock hit a high of Rs. 143.90 and a low of Rs. 136.50 on BSE today.

OPEC oil output drops in August on Iraq pipeline issue: report

India Infoline News Service | Mumbai | September 03, 2015 06:52 IST

OPEC supply fell in August to 31.71 million barrels per day (bpd) from a revised 31.88 million bpd in July, according to the survey.

Alphageo (India) stock surges 5.8%; awarded $3.0 million contract

India Infoline News Service | Mumbai | September 02, 2015 16:23 IST

The company has been awarded a contract for provision of 2D Seismic Acquisition Services in Myanmar by CAOG pte Ltd of an estimated value of uS $ 3.0 million.

Aban Offshore, Jindal Drill rally after approval of pvt participation in small oil fields

India Infoline News Service | Mumbai | September 02, 2015 16:06 IST

Petroleum Minister said Cabinet approved auction of 69 oil & gas fields and also approved separate policy for these fields.

Cabinet approves auction of 69 Oil & Gas fields

India Infoline News Service | Mumbai | September 02, 2015 12:28 IST

These discoveries could not be monetized for many years due to various reasons such as isolated locations, small size of reserves, high development costs, technological constraints, fiscal regime etc.

Alphageo soars 7.5% after bagging order

India Infoline News Service | Mumbai | September 02, 2015 11:21 IST

Alphageo (India) Ltd has soared 7.5 percent to hit a high at Rs. 427.50 on the BSE after the company has been awarded a contract for provision of 2D Seismic Acquisition Services in Myanmar by CAOG pte Ltd of an estimated value of uS $ 3.0 million.

OPEC divorce and self-destruction thanks to Saudi oil strategy?

India Infoline News Service | Mumbai | September 02, 2015 11:10 IST

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis--vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar) - reconciliation, separation, or divorce.

The world's first clean oil sands project: An interview with Dr. Gerald Bailey

India Infoline News Service | Mumbai | September 02, 2015 10:16 IST

"We're experiencing an exciting moment in the history of oil sands technology. For the first time, we can finally extract oil from Utah's oil sands without any environmental" damage. And significantly, we can do it at a cost that makes sense, even in this depressed oil price environment.", said Dr. Gerald Bailey

PSU OMC stocks slip; HPCL major dragger

India Infoline News Service | Mumbai | September 01, 2015 16:12 IST

Shares of oil marketing companies (OMCs) closed on a negative bias. On Monday, petrol price was cut by Rs. 2 per litre and diesel by 50 paise.

OMC stocks dip marginally

India Infoline News Service | Mumbai | September 01, 2015 10:44 IST

BPCL touched a low of Rs. 866 and is now down 1.3 percent at Rs. 872.

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Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.