Oil And-gas

Showing of 1 - 20 from 111 results
Oil And-gas - Total results - 111
FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal
Business

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal

Both FIIs and domestic institutional investors (DIIs) increased stake in telecom on a quarter-on-quarter basis by 190 and 220 basis points respectively.

Vedanta's oil and gas head Ajay Dixit quits; company says his term comes to an end
Business

Vedanta's oil and gas head Ajay Dixit quits; company says his term comes to an end

Billionaire Anil Agarwal-led Vedanta Ltd' oil and gas division Cairn CEO Ajay Dixit has decided to hang up his boots at month-end after completing his contractual term, becoming the fifth chief executive to leave the firm since it was taken over by the mining baron more than eight years back

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
Business

Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco

Reliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost
Business

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost

State-owned ONGC has asked the government to waive payment of oil cess and royalty as plummeting international oil prices have meant that the rate it now gets does not even cover the operating cost, sources said

IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves
Business

IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves

India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels of crude oil from the UAE arriving at Mangalore as part of efforts to shore up supplies to meet any supply or price disruption

Coronavirus Outbreak: ONGC gas output drops 15% as shut factories refuse to take supplies
Business

Coronavirus Outbreak: ONGC gas output drops 15% as shut factories refuse to take supplies

State-owned ONGC has been forced to cut natural gas production by over 15 percent as factories shut down following the unprecedented nationwide lockdown have refused to take supplies

ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control
Business

ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control

State-owned Oil and Natural Gas Corp (ONGC) will lose about Rs 4,000 crore in revenue and start making cash losses after the government slashed the natural gas prices by a steep 26 percent by benchmarking it against rates prevalent in gas-surplus nations

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output
Business

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields

Indian Oil Corp to decide on bidding for BPCL after govt lays out rules, says Chairman Sanjiv Singh
Business

Indian Oil Corp to decide on bidding for BPCL after govt lays out rules, says Chairman Sanjiv Singh

Indian Oil Corp (IOC), the country's biggest oil firm, will decide on bidding to buy Bharat Petroleum Corporation Ltd (BPCL) after the government lists out rules for the stake sale, its Chairman Sanjiv Singh said Thursday

ONGC walks away with all seven oil, gas blocks on offer in latest bid round
Business

ONGC walks away with all seven oil, gas blocks on offer in latest bid round

State-owned Oil and Natural Gas Corporation (ONGC) on Thursday walked away with all the seven oil and gas blocks on offer in the latest bid round that saw just eight bids coming in

Reliance Industries, Royal Dutch Shell to return Panna-Mukta oil and gas fields to ONGC
Business

Reliance Industries, Royal Dutch Shell to return Panna-Mukta oil and gas fields to ONGC

After operating Panna-Mukta oil and gas fields for 25 years, Royal Dutch Shell and Reliance Industries will revert the western offshore fields back to state-owned Oil and Natural Gas Corp (ONGC), the companies said in a statement

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group
Business

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group

Shares of Adani Gas zoomed nearly 8 percent on Friday after the Competition Commission gave approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in the company

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan
Business

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Thursday said the government has "no business to be in business", and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan
Business

India's energy trade with US to jump 40% to $10 bn in FY20: Oil Minister Dharmendra Pradhan

India's energy trade with the US is likely to jump by over 40 percent to $10 billion in 2019-20, as the world's third-largest oil consumer seeks to move away from its traditional suppliers in the Middle East, Oil Minister Dharmendra Pradhan said on Monday

Reliance Industries Q2 net profit jumps 18% to record Rs 11,262 cr on turnaround in refining margins
Business

Reliance Industries Q2 net profit jumps 18% to record Rs 11,262 cr on turnaround in refining margins

Oil to telecom conglomerate, Reliance Industries on Friday reported an 18.3 percent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom

India pitches for stake in Far East oilfields, higher imports of oil from Russia
Business

India pitches for stake in Far East oilfields, higher imports of oil from Russia

India on Tuesday pitched for a stake in vast oil and gas fields as well as LNG terminals in the frozen Artic of Far East Russia as it looked to import more oil from the former Soviet republic as part of a strategy to diversify its energy basket

Reliance Industries, BP take over Niko's 10% stake in eastern offshore KG-D6 block
Business

Reliance Industries, BP take over Niko's 10% stake in eastern offshore KG-D6 block

Reliance Industries and UK's BP plc have taken over the 10 percent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost

ONGC to invest Rs 13,000 cr in Assam in next five years to drill over 220 wells
Business

ONGC to invest Rs 13,000 cr in Assam in next five years to drill over 220 wells

The Oil and Natural Gas Corporation (ONGC) on Wednesday announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years

NCLT asks State Bank of India not to sell Videocon Industries' overseas oil and gas assets
Business

NCLT asks State Bank of India not to sell Videocon Industries' overseas oil and gas assets

The National Company Law Tribunal (NCLT) has asked SBI not go ahead with its plans to sell the overseas oil & gas assets of Videocon Industries in its bid to recover some of their dues from the bankrupt group

IOC to invest Rs 2 lakh cr to expand refining, petrochem capacities to maintain leadership position
Business

IOC to invest Rs 2 lakh cr to expand refining, petrochem capacities to maintain leadership position

The country's biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain a leadership position, its Chairman Sanjiv Singh said