Page 6 - Oil And Gas Sector

IIT alumni Prachur Sah appointed as new Deputy CEO of Cairn Oil and Gas

Cairn Oil & Gas, a unit of Vedanta Ltd, on Tuesday announced the appointment of Prachur Sah as its Deputy Chief Executive Officer. Prachur Sah earlier held the role of Director - New Ventures and spearheaded the company's expansion efforts under the Open Acreage Licensing Policy (OALP) rounds, the company said in a statement. Prachur brings over two decades of rich experience in the energy sector and joined Cairn Oil & Gas in 2018 from Schlumberger where he was the Managing Director India & Bangladesh. An alumni of IIT Bombay, he has worked in several countries including South Asia, Middle East and Latin America and brings with him a deep understanding and experience of the oil and gas business. "In his new role, Prachur will lead the next phase of growth for Cairn towards delivering volumes, cost, growth projects, rewards and recognition and early monetisation (new blocks)," it said. He will be supported by the Management Committee of Cairn Oil & Gas comprising of ...

Oil and gas sector's CEOs club gains a rare new member: A woman

Premier Oil, Chrysaor's reverse merger will double the no. of women holding the top job at London-listed oil firms to 2

Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC

Pradhan invites US cos to engage in developing gas infrastructure in India

Union Minister of Petroleum and Natural Gas and Minister of Steel Dharmendra Pradhan on Thursday discussed 'Strategic Energy Partnership' during video conferencing with Kenneth Juster, the US Ambassador to India, and invited the US companies to engage more intensely in developing the gas infrastructure in India.Informing about the same in series of tweets, the Ministry of Petroleum and Natural Gas said that, the Minister also reviewed the strategic petroleum reserves' cooperation initiated in June this year."Minister of Petroleum & Natural Gas and Minister of Steel Dharmendra Pradhan had a discussion through VC with Kenneth Juster, the U.S. Ambassador to India on India-U.S Strategic Energy Partnership.The U.S. Ambassador to India recognized that the energy component is emerging as a key constituent of the India-US strategic partnership," tweeted the Ministry."Minister Dharmendra Pradhan invited US companies to engage more intensely in developing the gas infrastructure in the ...

Insurance may get 'strategic sector' tag under new privatisation policy

Other sectors that could get the 'strategic' tag are railways, oil and gas, defence, space and atomic energy

GAIL: All-round show leads to robust Q4, analysts upgrade estimates

Realisations surprised positively, and transmission volumes too, didn't see significant impact of lockdown

India aims to double refining capacity to 500 MT by 2030: Pradhan

The country already has the world's largest refinery project in the West Coast of India, work on which will start soon, the minister said

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.

How govt's late afterthoughts and claims have haunted oil and gas sector

Problems in production-sharing agreements with the government have haunted private oil and gas companies for years

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Coronavirus pandemic creates repair headache for oil and gas industry

Lockdowns to stop the spread of Covid-19, the flu-like infection caused by the virus, have snarled the supply of spare parts and have prevented maintenance workers from doing their job

RIL says core business has got 'demand-side shock' due to coronavirus

The company listed the pandemic as internal risks in its letter of offer for its upcoming rights issue.

Oil & gas index surges nearly 3% amid a rally in oil prices; ONGC climbs 6%

CARE Ratings believes that the demand for petroleum products will remain sluggish in the near term and H1FY21 will be considerably lower compared to previous quarters.

How US could use taxpayer dollars to save oil and energy companies

The US federal government could use some of the $2.6 trillion coronavirus rescue legislation, or other options to help the industry

A year of challenges

Bigger companies in general performed better than their smaller peers

Iran's oil and gas production not affected by Coronavirus, says official

Iran's crude oil exports were slashed by more than 80% after U.S. President Donald Trump withdrew from a multilateral nuclear deal with the Islamic Republic in 2018 and reimposed sanctions

Moving towards a gas-based economy

Under Prime Minister Narendra Modi India has taken a strong turn in the energy road map towards renewables and rebalancing the energy mix

KEC sees civil works opportunity in oil & gas sector in absence of IL&FS

To test the waters, Kejriwal says they'll bid for smaller projects worth Rs 50-250 crore

Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain

Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper