Natural Gas

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ONGC videsh net profit up 44% to Rs 3,929 cr

May 22, 2013 at 23:32 | Source: Financial Express

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, today reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production. Net profit in 2012-13 at Rs 3,929 crore was 44.4 per cent highe...

Energy stocks inch up; Pioneer, WPX top gainers

May 22, 2013 at 23:32 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — Energy stocks edged higher on Wednesday, losing some steam alongside the broader U.S. equity market as Federal Reserve Chairman Ben Bernanke said Fed bond-buying could taper off. Bernanke testified to Congress earlier...

ONGC's $5-bn bid for stake in Kashagan oilfield hangs in balance

May 22, 2013 at 18:57 | Source: DomainB

India's state-owned Oil and Natural Gas Corporation (ONGC) will have to wait until 2 July to find out the fate of its proposed $5 -billion acquisition of ConocoPhillips 8.4-per cent stake in the giant Kashagan oilfield. Kazakhstan's minister of oil ...

CEA reduces gas-based power generation target by 46% for 2013

May 22, 2013 at 18:12 | Source: The Hindu BusinessLine

Hyderabad, May 22: The Central Electricity Authority (CEA) has reduced gas-based power generation target for the current year by almost 46 per cent to 43.6 trillion units, a senior official of the power body said. The official said based on the outp...

OVL net up 44% at Rs 3,929 cr on higher gas output

May 22, 2013 at 15:37 | Source: The Hindu BusinessLine

New Delhi, May 22: ONGC Videsh Ltd, the overseas arm of State-owned Oil and Natural Gas Corp, today reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production. Net profit in 2012-13 at Rs 3,929 crore was ...

ONGC Videsh Ltd net up 44 pc to Rs 3,929 cr

May 22, 2013 at 14:25 | Source: Business Today

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Wednesday reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production.Net profit in 2012-13 at Rs 3,929 crore was 44.4 per cent...

Oil futures fall as inventories unexpectedly rise

May 22, 2013 at 11:57 | Source: Market Watch

LOS ANGELES (MarketWatch) — U.S. crude-oil futures fell Wednesday in electronic trade following an unexpected rise in weekly oil inventories, setting investors up to look for signs about future energy demand during congressional testimony by U.S. ...

Aramco awards Midyan gas project to Larsen Toubro

May 22, 2013 at 05:07 | Source: Economic Times

KHOBAR(SA): State-run Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported. The world's top oil exporter is boosting its outpu...

Whole neighborhoods razed by Oklahoma tornado that killed 24

May 22, 2013 at 02:30 | Source: FirstPost

MOORE, Oklahoma (Reuters) - Rescuers went building to building in search of victims and thousands of survivors were homeless on Tuesday, a day after a massive tornado tore through a suburb of Oklahoma City, wiping out whole blocks of homes and killin...

11 insider plays that can bring you added income

May 22, 2013 at 01:07 | Source: Market Watch

President Obama’s 2010 health-care overhaul cast a pall of uncertainty over hospitals. Among the biggest fears: the hit from looming cuts to Medicare and Medicaid reimbursement rates as the government moves to squeeze costs out of the system. For ...

Oil futures log first session decline in five

May 22, 2013 at 01:07 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — Oil futures on Tuesday logged their first decline in five sessions, pressured by strength in the dollar, but prices held their ground above $96 a barrel as traders awaited U.S. data expected to show a drawdown in week...

Survivors pulled from Oklahoma tornado debris as toll falls

May 21, 2013 at 23:45 | Source: FirstPost

MOORE, Oklahoma (Reuters) - Emergency workers pulled more than 100 survivors from the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, and officials lowered the death toll from the storm to 24, including nine chi...

SAC Capital’s top stock picks

May 21, 2013 at 22:27 | Source: Market Watch

Several weeks after the end of each quarter, hedge funds such as billionaire Steve Cohen's SAC Capital Advisors file 13Fs with the SEC to disclose many of their long equity positions as of the end of the previous quarter. We track these filings in o...

Moily asks Kelkar to suggest roadmap for freeing gas prices

May 21, 2013 at 21:41 | Source: Business Today

Oil Minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017.Moily expanded the terms of reference (ToR) of the panel he appointed in March to prepare a roadmap for...

BSE Sensex sheds 112 as share sales, Fed meet weigh

May 21, 2013 at 20:22 | Source: DomainB

Benchmark indices fell for the second successive session Tuesday, as the market is trying to digest the heady gains of the past few weeks. Brokers said share sales by promoters trying to meet the 25 percent minimum public shareholding rule, and the ...

Zero supply from Reliance Industries, 15,000 MW capacity plants stuck

May 21, 2013 at 19:47 | Source: Financial Express

Over 15,000 MW gas-based capacity is stranded in the country due to non supply of natural gas from Mukesh Ambani's Reliance Industries (RIL) KG basin. "The total capacity of gas-based stations in India is 18,830 MW of which 15,529 MW is fed with gas...

Veerappa Moily asks Kelkar panel to suggest roadmap for freeing gas prices

May 21, 2013 at 19:26 | Source: Economic Times

NEW DELHI: Oil Minister M VeerappaMoily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017. Moily expanded the terms of reference (ToR) of the panel he appointed in March to prepare a ...

Over 15,000 MW capacity plants stuck due to zero supply by RIL

May 21, 2013 at 17:12 | Source: The Hindu BusinessLine

New Delhi, May 21: Over 15,000 MW gas-based capacity is stranded in the country due to non supply of natural gas from RIL’s KG basin. “The total capacity of gas-based stations in India is 18,830 MW of which 15,529 MW is fed with gas from...

Over 15,000 MW capacity plants stuck on zero gas supply by RIL

May 21, 2013 at 14:45 | Source: Business Today

Non-supply of natural gas from Reliance Industries' (RIL) KG basin has left over 15,000 MW gas-based capacity stranded in the country. The idle units comprise central, state as well as private power plants.The supplies from KG-D6 block to power plan...

Over 15,000 MW capacity plants stuck due to zero supply by RIL

May 21, 2013 at 14:12 | Source: Economic Times

NEW DELHI: Over 15,000 MW gas-based capacity is stranded in the country due to non supply of natural gas from RIL's KG basin. "The total capacity of gas-based stations in India is 18,830 MW of which 15,529 MW is fed with gas from RIL. That (15,529 M...

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