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
Category: Oil & Gas
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
India in talks with US to extend Iran sanctions waiver
India is in talks with the United States to extend a waiver on sanctions imposed on Iran’s crude oil exports, a senior Indian official said on Thursday
13th edition of Petrotech to be held in Greater Noida in February
NEW DELHI: Energy Ministers from 18 countries, top industry executives, and over 7000 delegates from 70 countries will converge in Greater Noida in February to discuss the way forward for the energy sector at the 13th edition of Petrotech, the bi-annual international oil and gas conference hosted in India.
NGT seeks committee’s view to limit petrol pumps across the country
NEW DELHI: The National Green Tribunal has directed a committee comprising officials from the Ministry of Petroleum and the Central Pollution Control Board to look into the issue of increase in number of petrol pumps across the country
Subsidised LPG price cut by Rs 1.46; non-subsidised rate reduced by Rs 30 a cylinder
NEW DELHI: Domestic cooking gas (LPG) price was cut by Rs 1.46 per cylinder Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate
Opec oil output drops in January on Saudi cut, outages and sanctions
LONDON: OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter Saudi Arabia over-delivered on thye group’s supply
Oil nudges higher as OPEC reduces output
SYDNEY : US oilNSE 1.64 % prices edged higher on Friday, recovering from losses of nearly 1 percent in the previous session, as data showed major exporters are quickly reducing output in line with a
IOC reports surprise Rs 717 crore profit for Dec quarter, sales jump 22%
NEW DELHI: Indian Oil Corporation (IOCNSE 1.19 %) on Wednesday reported a standalone net profit of Rs 716.82 crore for the December quarter, in stark contrast to Rs 900 crore loss anticipated
IOC tames cost pressure: Major Q3 takeaways
Indian Oil CorporationNSE 1.37 % on Wednesday surprised investors with a standalone net profit of Rs 716.82 crore for the December quarter