Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in the day long auction conducted on November 15. Gujarat State Petroleum Corp (GSPC) picked up 1.2 mmscmd while Adani Group, Mahanagar Gas Ltd and GAIL bought 0.3 mmscmd each, sources said. Hindustan Petroleum Corp Ltd (HPCL) bought 0.35 mmscmd.
India to invite foreign firms to invest in state-owned oil companies
International energy firms will be invited to participate in India's privatisation of state-owned oil companies.
Reliance again puts off gas bid to Nov 15 on bidders request
Reliance and its partner BP plc of UK are in the market to sell the gas they plan to produce from three set of newer discoveries in the KG-D6 block. The partners are not just seeking volume bids but also price quotes and those offering the best price would walk away with the gas. Bidders have been asked to quote a price, supply period and the volume of gas required.
BP profits slump on weaker oil prices, but beat forecasts
London-based BP reported third-quarter underlying replacement cost profit, the company's definition of net income, of $2.3 billion, exceeding forecasts of $1.73 billion in a company-provided survey of analysts.
Key facts about Aramco's history, reserves and operations
Sources have said Aramco could offer 1-2% of its shares, raising as much as $20-40 billion.
Saudi Arabia kick-starts IPO of world's largest oil company
Aramco could sell 1-2% of its shares on the local bourse, raising as much $20-$40 billion.
World’s most profitable company pays surprisingly little
For executives, it’s a relatively modest life compared with some of their peers elsewhere.
Silent stroke doesn't show any sign: Keep BP in check, quit smoking
Patients are generally unaware when they get a stroke.
Reliance Industries says on track to produce gas from newer fields by mid-2020
Reliance has so far made 19 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 -- the largest among the lot -- were brought into production from April 2009 and MA, the only oilfield in the block, was put to production in September 2008.
Total, RIL unlikely to bid for BPCL; BP wants to see whats on offer
The government is looking at selling its 53.29 per cent stake in BPCL to a strategic investor in the biggest privatisation bid in the history of India.
European shares take a pause, focus turns to earnings
The pan-European STOXX 600 fell 0.2 per cent after scaling a 21-month high in the previous session.
Cabinet lowers entry barrier for petrol pump business
The new entrants, domestic or foreign, will have to set up 5% of their pumps in remote areas, and each retail outlet must have facilities for at least one alternative fuel such as compressed natural gas, LPG, biofuel.
RIL, BP can sell natural gas from KG Basin to its affiliates: Bob Dudley
BP group chief executive Bob Dudley had said that it won’t violate the terms of production sharing contract with govt.
India holds 100 Tcf of gas reserves, enough to meet half of demand till 2050: BP chief
BP in partnership with Reliance Industries is investing about USD 5 billion to bring about 1 billion cubic feet a day of new domestic gas onstream beginning mid-2020, he said.
RIL Q2 earnings: Brokerages raise EPS estimates, see 10-20% upside in stock
Few brokerages have projected RIL to become a $200-220 billion entity in next 4-5 years.
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