Oil Drilling And Exploration News

Logical to have trade parity pricing: Kirit Parikh   

22 May 2013, 7.23 pm  |  Source: CNBC-TV18

Kirit Parikh, former member, Planning Commission, says that though he has been recommending trade parity pricing, questions have been raised by oil ma...

Rs 60K cr upstream subsidy burden expected: Quant Broking   

22 May 2013, 5.16 pm  |  Source: CNBC-TV18

Rs 60,000-crore upstream subsidy burden was mostly in line with ONGC's expectations, says Gagan Dixit, Quant Broking. He added that however, crude pri...

Oil Ministry recommends natural gas price hike to $6.7  

20 May 2013, 5.08 pm  |  Source: PTI

The oil ministry has moved a cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Relianc...

Vedanta profit rises 21% as oil offsets iron ore hit  

16 May 2013, 5.36 pm  |  Source: Reuters

Vedanta said earnings before interest, tax, depreciation and amortisation (EBITDA) for the year to the end of March totalled USD 4.89 billion, in line...

GAIL to look at legal action against PNGRB on tariff model   

14 May 2013, 10.30 am  |  Source: CNBC-TV18

GAIL India may look at legal action against the Petroleum and Natural Gas Regulatory Board which fixed higher tariff for its 4-pipeline sub networks i...

PNGRB fixes higher tariff for GAIL's KG basin network   

13 May 2013, 5.05 pm  |  Source: CNBC-TV18

GAIL India is likely to get impacted by the regulatory board's new tariff regime....

Selan Explore standalone Mar '13 sales at Rs 21.37 crore  

13 May 2013, 10.50 am  |  Source: Moneycontrol.com

Selan Exploration Technology has reported a sales standalone turnover of Rs 21.37 crore and a net profit of Rs 7.87 crore for the quarter ended Mar '1...

Gas-price policy: Why are power, fertiliser cos against it?   

09 May 2013, 7.07 pm  |  Source: CNBC-TV18

Find out the key arguments power, fertlisers companies are making against the Rangarajan Committee's formula on gas prices and how this gas price incr...

SC dismisses plea challenging Cairn-Vedanta deal  

09 May 2013, 1.21 pm  |  Source: PTI

The Supreme Court today refused to interfere in USD 8.5 billion Cairn-Vedanta deal and dismissed a PIL challenging its validity....

Guj Gas consolidated Mar '13 sales at Rs 767.86 crore  

07 May 2013, 4.28 pm  |  Source: Moneycontrol.com

Gujarat Gas Company has reported a sales turnover of Rs 767.86 crore and a net profit of Rs 59.28 crore for the quarter ended Mar '13...

Aim to grow business in competitive segments: Gujarat Gas   

06 May 2013, 11.31 am  |  Source: CNBC-TV18

Gujarat Gas aims to focus on segments and applications where gas is still very competitive not only economically, but because of its other attributes,...

Gujarat Gas drops 2% after fall in Q4 profits  

06 May 2013, 10.32 am  |  Source: Moneycontrol.com

Gujarat Gas Company shares slipped nearly two percent Friday after the company reported a poor set of quarterly earnings....

ONGC's oil production down 6 %  

02 May 2013, 6.09 pm  |  Source: PTI

State-owned Oil and Natural Gas Corp (ONGC) has reported about 6 per cent drop in crude oil production for the year ended March 31 on account of lower...

ONGC finds gas in KG basin block  

30 Apr 2013, 9.18 pm  |  Source: PTI

State-owned Oil and Natural Gas Corp (ONGC) today said it has struck natural gas in a block that sits next to Reliance Industries' KG-D6 area in the K...

Will commission Kochi terminal by July: Petronet LNG  

30 Apr 2013, 5.40 pm  |  Source: CNBC-TV18

Petronet LNG is banking high on its upcoming terminal in Kochi which is likely to be commissioned by July. In an interview with CNBC-TV18, RK Garg, di...

Petronet keen to buy 25% stake in Gujarat LNG terminal  

30 Apr 2013, 4.30 pm  |  Source: Reuters

Petronet LNG is interested in buying a 25 percent stake in a planned liquefied natural gas (LNG) terminal in Gujarat state, its chief executive said....

Petronet LNG Q4 net profit falls 23% to Rs 245 cr QoQ  

30 Apr 2013, 3.40 pm  |  Source: Moneycontrol.com

State-owned Petronet LNG's fourth quarter (January-March) net profit fell higher-than-expected 23 percent quarter-on-quarter (unchanged year-on-year) ...

Dolphin Offshor standalone Mar '13 sales at Rs 93.95 crore  

30 Apr 2013, 2.14 pm  |  Source: Moneycontrol.com

Dolphin Offshore Enterprises (I) has reported a sales standalone turnover of Rs 93.95 crore and a net profit of Rs 4.57 crore for the quarter ended Ma...

Rangarajan's formula too complex for gas consumers: Sharma   

26 Apr 2013, 12.32 pm  |  Source: CNBC-TV18

The C Rangarajan Committee’s recommendation of indexing domestic gas price with international rates is well balanced , says RS Sharma, former chairm...

Petronet inks pact with United LNG, stock up 2%  

25 Apr 2013, 2.46 pm  |  Source: Moneycontrol.com

Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG....

Petronet signs initial deal to buy LNG from United LNG   

25 Apr 2013, 11.57 am  |  Source: CNBC-TV18

RK Garg, director finance, Petronet LNG says they have signed a preliminary agreement with United LNG, a US based company, with the prime objective of...

Cairn dividend payout crucial for Vedanta: Moody's   

24 Apr 2013, 6.02 pm  |  Source: PTI

Cairn India’s dividend payouts are crucial for Vedanta Group to service debt it had raised to acquire the oil company, credit rating agency Moody’...

RBI eases norms for PSU investment in oil sector overseas  

23 Apr 2013, 8.21 pm  |  Source: PTI

Liberalising investment norms for the oil and gas sector, RBI today allowed state run ONGC Videsh (OVL) and Oil India (OIL) to invest in their incorpo...

What lies ahead for Cairn India post FY13  

23 Apr 2013, 2.15 pm  |  Source: Moneycontrol.com

Cairn India shares slipped around 2 percent after the company reported 23.4 percent quarter-on-quarter (QoQ) decline in Q4 profit due to forex loss....

Cairn India shares fall after earnings lag estimates  

23 Apr 2013, 10.31 am  |  Source: Reuters

Shares in Cairn India fall 1.7 percent in after its Jan-march earnings lag estimates, dealers say....

CCI's 25 oil block clearances to benefit Reliance, ONGC  

22 Apr 2013, 9.25 pm  |  Source: PTI

After clearing five "No-Go" areas for oil and gas exploration, the Cabinet Committee on Investment (CCI) today eased stringent conditions imposed by D...

Guj HC orders probe into collection of funds by ONGC  

22 Apr 2013, 7.43 pm  |  Source: PTI

The Gujarat High Court on Monday ordered a probe into the PIL which alleged that some top officials of the Oil and Natural Gas Corporation (ONGC) had ...

What led to Cairn India's 17% jump in Q4 PAT  

22 Apr 2013, 6.41 pm  |  Source: Moneycontrol.com

Cairn India has posted a 17 percent year-on-year jump in its March quarter profit to Rs 2563 crore, boosted by other income of Rs 222 crore. ...

Cairn India Q4 net profit down 23% at Rs 2563 cr QoQ  

22 Apr 2013, 6.00 pm  |  Source: Moneycontrol.com

Cairn India's fourth quarter net profit fell by 23.4 percent quarter-on-quarter to Rs 2,563 crore, but rose 17.2 percent year-on-year....

Top 7 companies add Rs 80,056cr in m-cap; ONGC, ITC shine  

21 Apr 2013, 1.02 pm  |  Source: PTI

The combined market value of seven of the top-10 companies rose by Rs 80,056 crore last week, with major contribution coming in from ONGC and ITC. ...