GailNSE -0.68 % (India) Ltd has terminated pipe laying contracts to financially-troubled IL&FS and awarded these to new contractors to speed up construction of the Prime Minister’s pet pipeline project that would take natural gas to much of eastern India via his constituency Varanasi
Category: Oil & Gas
Essar Oil UK Group acquires BP’s pipeline, terminal linked to Stanlow refinery
Essar OilNSE -0.04 % UK has acquired BP’s stake in the pipeline and terminal assets connected to Stanlow Refinery to boost outbound logistics and enter new markets in the British Midlands.
Oil ticks higher, market eyes US State of the Union address
SYDNEY: OilNSE -0.03 % prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the
GAIL reports 33% YoY jump in Q3 profit at Rs 1,681 crore, announces Rs 6.25 dividend
NEW DELHI: India’s largest state-owned natural gas processing and distribution company GAIL on Tuesday reported a 33.20 per cent year-on-year (YoY) rise in profit at Rs 1,681.23 crore
GAIL gets the better of costs: Q3 takeaways
GAILNSE 0.14 % on Tuesday came out with better-than-expected financial results for the quarter ended December 2018
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