GAILNSE 0.14 % on Tuesday came out with better-than-expected financial results for the quarter ended December 2018
Category: Oil & Gas
Ahead of Q3 earnings, HPCL extends losing streak
NEW DELHI: Shares of Hindustan Petroleum Corporation (HPCLNSE 1.47 %) traded in negative territory in Tuesday’s session, ahead of its December
GAIL profit likely to fall sequentially; trades in red
NEW DELHI: State-run GAIL is expected to report a tepid set of numbers in December quarter results on a sequential basis. GAIL has been hurt by lower contribution from its gas marketing segment in the wake of adverse economics
India becomes world’s 2nd largest LPG consumer after government’s Ujjawla push
NEW DELHI: The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said Tuesday. Speaking at the Asia
Over 4 lakh applications received for 78,500 petrol dealerships
More than four lakh applications have come in for 78,500 dealerships that staterun oil companies are seeking to appoint across the country, a sign that Indian entrepreneurs still love the the idea of running filling stations, a business that offers sustained cash flow at little risk.
Outlook: Oil may see profit taking, hit Rs 3,900
NEW DELHI: Global crude oilNSE 0.12 % prices were steady on Monday because of tight supply after Opec cut oil production and the US sanction against Venezuela played out.
Subsidy provisions may reignite interest in ONGC, OIL
ET Intelligence Group: ONGCNSE 0.14 % and Oil IndiaNSE 0.29 % might move beyond their sluggish trading ranges after a year because of the significant increase in oil subsidy provisions
Government asks HPCL to acknowledge ONGC as promoter
NEW DELHI: The government has directed Hindustan PetroleumNSE -0.35 % to acknowledge ONGC as a promoter in regulatory filings in a move aimed at ending the year-long slugfest between the two companies that has obstructed synergy gains from the Rs 37,000
Oil PSU capex drops to 4-yr low for 2019-20
NEW DELHI: State-owned oil firms’ capital expenditure has hit a four-year low with PSUs such as ONGC and IOC planning to invest Rs 93,693 crore in oil and gas exploration, refining and petrochemicals in the 2019-20 fiscal year
Cairn India’s investment in Anglo American met all governance standards: Vedanta
MUMBAI: Natural resources major Vedanta has clarified on Monday that Cairn’s investment in Anglo American met all governance standards and was made on an arm’s length basis and had been valued by an independent valuer and approved by boards of both Cairn
Share market update: OMCs trade in the red; Petronet LNG slips 4%
NEW DELHI: OMCs were trading in the red in Friday’s afternoon session.
View: Can’t eradicate poverty if 85% oil is imported
The interim budget for FY2020 is big on vision and big on delivery. In one stroke, it aims to address the stress in the farming sector, provide social security cover to the unorganised sector, and put more money in the hands of our tax-compliant middle class. The government