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Govt to sell stake in Oil India, NTPC, three more public firms

Jul 03, 2015

Govt to sell stake in Oil India, NTPC, three more public firms

At the current market prices, the stake sale in five public sector enterprises could fetch the exchequer around Rs 11,500 crore. #NTPC #Oil India #Engineers India #Department of Disinvestment #CPSE Exchange Traded Fund #Bharat Electronics
BP to pay US $18.7 billion settlement over deadly 2010 oil spill

Jul 03, 2015

BP to pay US $18.7 billion settlement over deadly 2010 oil spill

BP will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. #World #United States #Environment #NewsTracker #BP #oil spill
Oil PSU shares hog limelight as US crude prices drop most since April

Jul 02, 2015

Oil PSU shares hog limelight as US crude prices drop most since April

BSE Oil & Gas index topped sectoral performer list with gains of 1.3 percent #Nomura #Oil PSUs #BSE oil & gas index #US crude oil
India bans oil trade with Islamic State-linked organisations

Jun 30, 2015

India bans oil trade with Islamic State-linked organisations

The rapid rise of Islamic State, which first emerged in Syria and Iraq, is worrying Western powers who fear the militant group will forge a base just across the Mediterranean from mainland Europe. #Economy #Syria #NewsTracker #Europe #Iraq #oil trade #islamic-state #Haider al-Abadi
India to auction oil and gas blocks this fiscal, says Dharmendra Pradhan

Jun 26, 2015

India to auction oil and gas blocks this fiscal, says Dharmendra Pradhan

The minister said investors are "happy" with the current gas pricing formula which is reviewed every six months. #Economy #Energy #NewsTracker #Oil Ministry #N. Chandrababu Naidu #NELP #Dharmendra Pradhan
Do not see oil prices rising beyond $80-85, says CEA Arvind Subramanian

Jun 23, 2015

Do not see oil prices rising beyond $80-85, says CEA Arvind Subramanian

Subramanian said there has been fundamental shifts in the market and thought demand has come down #Gold #crude oil prices #Economic growth #Arvind Subramanian #CAD #CEA
Betting big on oil & gas, Carlyle group to pump in $500 mn in India-focused Magna Energy

Jun 22, 2015

Betting big on oil & gas, Carlyle group to pump in $500 mn in India-focused Magna Energy

Carlyle group to invest through its unit Carlyle International Energy Partners #Carlyle Group #acquisitions #Oil & Gas #magna energy
Rajasthan oil block: ONGC supports Cairn India's proposal for term extension

Jun 18, 2015

Rajasthan oil block: ONGC supports Cairn India's proposal for term extension

Cairn India holds 30 percent interest in the Rajasthan block and has sought extension for expoloration beyond the contractual deadline of 2020 #ONGC #Cairn India #Anil Agarwal #Rajasthan block #oil min
Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Jun 16, 2015

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

The finance ministry has moved a cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. #finance ministry #NTPC #ONGC #BHEL #Nalco #REC #Bharat Petroleum #Department of Disinvestment #CPSE #Oman Oil #S Varadarajan