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ONGC Energy Centre receives US Patent on Hydrogen Generation Process

India Infoline News Service | Mumbai | April 01, 2015 18:54 IST

The ONGC Energy Centre Trust, set up by ONGC, has been pursuing a program to develop innovative methods to generate hydrogen by splitting water thermo chemically.

RIL stock ends 1% up on signing production sharing contract in Myanmar

India Infoline News Service | Mumbai | April 01, 2015 16:14 IST

The company has signed production sharing contract for two offshore blocks in Myanmar. Reliance will be operator of blocks with 96 per cent participating interest, reports added.

Petrol Price cut by Rs.0.49/L, Diesel By Rs.1.21/L

India Infoline News Service | Mumbai | April 01, 2015 16:14 IST

Prices of petrol in Delhi will be Rs 60 a litre, while diesel will cost Rs 48.50 per litre as compared with Rs 49.71 currently, Indian Oil Corp (IOC) said

Indraprastha Gas slips 2.2%

India Infoline News Service | Mumbai | April 01, 2015 13:42 IST

The report further added that the company will cut the prices of CNG in line with 8 per cent cut in the rates of domestically produced natural gas.

Oil and gas newsletter- March 30 to April 01, 2015

India Infoline News Service | Mumbai | April 01, 2015 10:48 IST

The government has revised the gas price, from the previous $5.61/unit to $5.18/unit. The price was due for revision and will be effective from April 1, 2015.

Moody's: Steep upstream capex drop weakens outlook for global oilfield services and drilling industry

India Infoline News Service | Mumbai | April 01, 2015 10:47 IST

The rating agency's outlook for the global oilfield services and drilling industry therefore remains negative.

ONGC reverses seven-year slump

India Infoline News Service | Mumbai | April 01, 2015 08:43 IST

Report said that company has produced about 22.26 million tonne (mt) of crude oil in 2014-15.

Reliance signs production sharing contracts for two (2) offshore blocks in Myanmar

India Infoline News Service | Mumbai | March 31, 2015 19:03 IST

RIL won both the offshore blocks after its bids in Myanmar Offshore Block Bidding Round 2013 were declared successful by The Ministry of Energy (MOE) of the Republic of the Union of Myanmar.

Cut Back! Govt reduces gas price to $5.18 mmBtu

India Infoline News Service | Mumbai | March 31, 2015 16:08 IST

Even as the markets expected the government to set the gas price for the period of April-Sept in the range of $5.01 per unit, it has now been fixed to $5.18/unit on net calorific value. Similarly, for the gross calorific value, the price is set at $4.66/unit from the previous $5.05/unit.

Oil and gas stocks shine as market recovers from sudden crash

India Infoline News Service | Mumbai | March 31, 2015 16:00 IST

IOC gained 4% at Rs. 368 amid reports of order deal from Chhattisgarh government.

Petron Engineering bags order worth Rs. 84.71 crore...stock up 5%

India Infoline News Service | Mumbai | March 31, 2015 11:31 IST

Petron Engineering Construction Ltd has announced that the Company has received an Order from KSS Petron Pvt. Ltd. for Civil, Structural & Underground Piping works f

Oil & Gas shares in limelight

India Infoline News Service | Mumbai | March 31, 2015 10:52 IST

Shares of oil marketing companies lead rally in oil & gas shares.

Ratings upgrade, bargain buying lifts RIL

India Infoline News Service | Mumbai | March 31, 2015 10:40 IST

Reliance Industries is trading on a buoyant note on the back of bargain hunting and ratings upgrade.

RIL slips below Rs. 800

India Infoline News Service | Mumbai | March 30, 2015 12:09 IST

The company announced that its subsidiary Reliance Jio announced acquisition of Spectrum in the 800MHz and 1800MHz bands in the auction conducted by Department of Telecommunications, Government of India

IGL acquires 4.75 crore shares in MNGL; up 1.6%

India Infoline News Service | Mumbai | March 30, 2015 10:26 IST

The Company has acquired 4.75 crore shares of MNGL in the first tranche at a price of Rs. 38 per equity share from certain financial investor shareholders of MNGL.

Indias measures to revive gas-based power plants will benefit banks: Moody's

India Infoline News Service | Mumbai | March 30, 2015 06:39 IST

The government has now taken steps to make the import of LNG economically feasible for supply to these stranded plants by making the various stakeholders share the higher costs

Cairn India, RIL stocks slump to fresh low

India Infoline News Service | Mumbai | March 27, 2015 15:58 IST

According to news reports, the government may set gas price at $5.02 mmbtu from $5.61 mmbtu effective 1 April, 2015. The Sensex finally ended almost flat at 27,459. In the process, the Sensex ended the week with a loss of 802 points.

Reliance at new 52-week low

India Infoline News Service | Mumbai | March 27, 2015 13:35 IST

The stock has dropped 2 per cent on reports of lower gas pricing.

Oil and Gas Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 12:43 IST

Reliance Industries has countered the government's assertion that power plants were lying idle due to a fall in output from its KG-D6 fields.

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