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Oil & Gas

Aug 20, 2019, 06.33 AM IST
The Economic Times
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Stock Analysis, IPO, Mutual Funds, Bonds & More
Indian Oil Corporation to invest Rs 25,000 cr in green energy

Rising environmental concerns are increasingly swaying government energy policies across the globe, prompting energy companies to invest in greener options.

UP government increases VAT on petrol, diesel

Value Added Tax (VAT) on petrol has been increased to 26.80 per cent and on diesel 17.48 per cent, the order said.

Odisha to clear IOCL's Rs 1 lakh crore investment

A high-level committee under Chief Minister Naveen Patnaik will be clearing IOCL's expansion proposal on Monday.

Govt increases oil, gas bidding round to three times a year

India in July 2017, allowed companies to carve out blocks of their choice with a view to bring about 2.8 million sq km of unexplored area in the country under exploration.

ONGC adopts new 'Energy Strategy 2040', targets doubling of oil, gas production

Shanker said the ONGC board recently approved the business roadmap for the company and its other group entities -- 'ONGC Energy Strategy 2040'.

ONGC investing Rs 83,000 cr in 25 projects; cumulative oil, gas gain over 180 MT

The firm produced 24.23 million tonne of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres of natural gas from its domestic fields.

Saudi Arabia to regain India's top oil supplier spot after Reliance deal

Saudi Arabia, which traditionally has been India's top oil source, lost the slot to Iraq during the last two financial years.

View: Ambani cutting Reliance debt is bad omen for India's economy

If the outlook is so rosy, why is Ambani hitting the brakes on a seven-year, $100 billion investment spree?

Demand for cut in gas rates as global LNG prices fall

The price ceiling for gas from difficult fields today stands at $9.32 per million metric British thermal unit (mmBtu) while the domestic formula price.

HPCL finally recognises ONGC as its promoter

ONGC had purchased the government’s entire 51.11% in HPCL for Rs 37,000 crore in early 2018.

RIL to hive off oil-to-chemicals business into separate company in five years: RIL's PMS Prasad

RIL to hive off oil-to-chemicals business into separate company in five years: RIL's PMS Prasad

With Saudi Aramco coming on board, a separate division catering to the O2C business will be carved out, said RIL's PMS Prasad.

Government reforms for natural gas sector

Government reforms for natural gas sector

A gas exchange will enhance trade transparency, boost consumer confidence, and increase market opportunities for suppliers, officials said.

Reliance, BP joint venture to invest Rs 35,000 crore in KG basin

Reliance, BP joint venture to invest Rs 35,000 crore in KG basin

Ambani said the natural gas business will soon regain its pride of place in Reliance's value-creation strategy.

RIL: Aramco deal more to secure crude supply than deleveraging

RIL: Aramco deal more to secure crude supply than deleveraging

The deal, which is expected to be completed during this fiscal, is not driven by the company's move to deleverage debt of over Rs 1.54 trillion.

BP to pay Rs 7,000 crore for 49 per cent stake in Reliance's fuel retail network

BP to pay Rs 7,000 crore for 49 per cent stake in Reliance's fuel retail network

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel to airlines in India.

RIL to sell 20% in oil-to-chemicals unit to Aramco at $75-B enterprise value

RIL to sell 20% in oil-to-chemicals unit to Aramco at $75-B enterprise value

Tectonic shift group junks go-it-alone strategy, plans to forge partnerships with global giants for major businesses among india’s largest fdi deals

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