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Oil and Gas Round Up - October 20 to 22, 2014

India Infoline News Service  | Mumbai October 22, 2014 12:34 IST

The Cabinet commitee fixed the price of natural gas at $5.61 per mmbtu. The government also deregulated diesel prices.

Cairn India Q2 net profit at Rs22778.80 mn

India Infoline News Service  | Mumbai October 21, 2014 17:38 IST

Total Income has decreased from Rs. 51899.70 mn for the quarter ended September 30, 2013 to Rs. 45683.30 mn for the quarter ended September 30, 2014.

India's Diesel deregulation positive for oil companies: Fitch

India Infoline News Service  | Mumbai October 21, 2014 15:32 IST

The decision is also likely to lead to more private firms entering the diesel market in the medium term, resulting in greater competition.

Cairn India appoints Mayank Ashar as MD and CEO...stock flat

India Infoline News Service  | Mumbai October 21, 2014 14:19 IST

The appointment is subject to the approval of shareholders and other regulatory approvals, as applicable.

Reform of fuel subsidy program amid fall in global oil prices is credit positive: Moody's

India Infoline News Service  | Mumbai October 21, 2014 08:56 IST

Indian government has implemented various reforms to the fuel subsidy program, including allowing oil marketing companies to increase diesel prices incrementally, withdrawing the subsidy on diesel sold in bulk, and limiting subsidized consumption of LPG.

India's Oil And Gas reforms will improve profitability: S&P

India Infoline News Service  | Mumbai October 20, 2014 15:57 IST

Standard & Poor's Ratings Services believes these measures increase transparency in the pricing mechanism. However, any significant rise in global oil and gas prices would test the government's resolve on deregulation, considering the roll-back of such policies in thepast.

Cabinet approves new domestic gas pricing policy

India Infoline News Service  | Mumbai October 20, 2014 12:23 IST

As per the formulation approved by the CCEA, upward revision in gas prices will be approximately 75% less as compared to the price arrived at using Rangarajan formula.

Japan Trade Minister Obuchi resigns

India Infoline News Service  | Mumbai October 20, 2014 10:59 IST

Japan's trade and industry minister submitted her resignation to Prime Minister Shinzo Abe over claims she misused political funds.

Gas Natural's Debt-Funded acquisition of CGE is credit negative

India Infoline News Service  | Mumbai October 20, 2014 10:51 IST

The acquisition will cost around EUR2.6 billion, a credit negative for Gas Natural Fenosa because its leverage will increase.

RIL stock hits six-month low

India Infoline News Service  | Mumbai October 20, 2014 10:38 IST

The stock has hit a high of Rs941 and a low of Rs912.

Oil and gas shares surge

India Infoline News Service  | Mumbai October 20, 2014 10:15 IST

Shares of Oil and Natural Gas Corporation surged 5% at Rs417, while Oil India stock up 3% at Rs593.

Energy shares on fire on gas price hike

India Infoline News Service  | Mumbai October 20, 2014 09:26 IST

ONGC and Oil marketing companies log sharp gains in early trade.

Govt deregulates diesel prices...Gas price increases to $5.61/unit

India Infoline News Service  | Mumbai October 18, 2014 20:46 IST

The price of diesel in the capital, has come down by Rs 3.37, given the already low prices of the Indian basket of crude imports, stated reports,

Perkins hosts Electric Power seminar in Hyderabad

India Infoline News Service  | Mumbai October 18, 2014 14:54 IST

Perkins conduct seminar to help build product awareness, promote the capabilities of Perkins engines and to create and enhance awareness for the brand in the market.

Oil and Gas Round Up - October 13 to 17, 2014

India Infoline News Service  | Mumbai October 18, 2014 13:45 IST

Reliance Industries Limited (RIL) today reported its financial performance for the quarter /half year ended 30th September, 2014.

Supreme Petrochem drops on poor Q1 show

India Infoline News Service  | Mumbai October 17, 2014 12:45 IST

Supreme Petrochem is languishing in the negative zone today on the back of poor Q1 show.

Moody's: Reliance Industries' credit metrics to remain stable over the next 12 months

India Infoline News Service  | Mumbai October 16, 2014 12:46 IST

"RIL's financial profile over the next 12 months will be supported by strong earnings contributions across its refining and petrochemical segments, even as the company increases its borrowings to partially fund its large INR1.8 trillion capex plan," says Vikas Halan, a Moody's Vice President and Senior Credit Officer.

OMCs gain...BPCL stock surges 4%

India Infoline News Service  | Mumbai October 16, 2014 12:29 IST

Shares of HPCL surged over 4% at Rs515, while BPCL stock gained 3% at Rs676.

Petrol Price cut by Rs. 1 Per Litre

India Infoline News Service  | Mumbai October 15, 2014 09:34 IST

The petrol rate in Delhi was cut by Rs. 1.21 a litre to Rs. 66.65 per litre, while Mumbai, petrol price was redcued from Rs. 75.73 to Rs. 74.46 per litre.

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