Page 26 - Oil And Gas

Here's why analysts are bullish on Gujarat Gas despite a 75% dip in Q1 PAT

The oil and gas firm posted a consolidated net profit of Rs 59.07 crore, down 74.76 per cent YoY. The net profit margin in Q1FY21, meanwhile, came in at 5.33%, clocking a de-growth of 3.43%

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

Cabinet okays additional investment of $121 mn by ONGC Videsh in Myanmar

The CCEA, chaired by Prime Minister Narendra Modi, approved the additional investment for the Shwe oil and gas project in Myanmar blocks

Working to complete contours of Saudi Aramco deal, says Mukesh Ambani

The deal was to be concluded by March 2020 but has been delayed.

Dharmendra Pradhan bats for splitting GAIL, new gas tariff policy

Plan is to unbundle GAIL into two firms --- one for gas transmission, other for marketing; Ernst and Young appointed consultant

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.

Attempt to cap gas blowout in Assam in 2-3 days with help from experts: OIL

Expert team from Singapore to help in stopping the uncontrolled gas flow

Covid-19 impact: Trump admin postpones 2 auctions on oil and gas lease sale

Drilling on federal lands is a crucial part of President Donald Trump's "energy dominance" agenda to maximize domestic production of fossil fuels

No layoffs, but will take steps to cut costs, says L&T Infotech's Jalona

We are not looking at any layoffs at present, but we are looking at all ways and means to protect profits and save money to minimise the revenue impact, say Jalona

A post-Covid digital era

Companies which had leveraged technology and automation during normal course have been better placed to manage the situation during Covid

Oil & gas stocks tumble as US oil price collapses; ONGC declines over 6%

Among oil marketing companies, Indian Oil Corporation (IOC) was down over 3 per cent at Rs 84.85

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

How to build institutions

In the concluding part of the series, the author talks about the mindset, behaviour and action of 'shapers'

Covid-19: Oil producers knock govt's door, seek relaxation in royalty, cess

In addition, companies batted for a higher gas price compared to the existing $2.39 a million British thermal unit (mBtu), effective from April to September this year.

BSE Oil & Gas index zooms over 7%; HPCL jumps 14%, BPCL surges over 11%

GAIL, ONGC, IOC and IGL were up in the range of 8.5 and 6 per cent

Oil regulator ropes in ICF to carry out gas demand, infra assessment

India is targeting 15 per cent share of natural gas in the energy basket by 2030

Govt creates expert panel for time-bound resolution of oil, gas disputes

The panel will have a tenure of three years and the resolution will be attempted to be arrived at within 3 months

Strategic privatisation can fund fiscal needs for 15-20 yrs: Chhaochharia

The value of a strategic privatisation could easily be two to three times these companies' typical valuation

Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr

Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers

Largest wealth fund may offload $658-millon stake in Indian oil firms

Companies that Norwegian fund is likely to shed stakes in include Oil India, IOC, ONGC, and RIL