Centre mulls auction of ONGC, Oil India oil fields to private firms
Apr 14, 2015 at 16:30 | Source:
New Delhi: The government plans to auction 69 small and marginal oil fields of state-owned ONGC and Oil India Ltd to private firms on a new revenue sharing model.The oil ministry has floated a note for Cabinet Committee on Economic Affairs (CCEA) for...
After petrol, CNG and piped gas rates also cut by 60 paise
Apr 02, 2015 at 09:44 | Source:
A day after natural gas prices were cut by 8 percent, CNG and piped cooking gas rates in the national capital region were today reduced by 60 paisa per kg.Indraprastha Gas, which retails compressed natural gas to automobiles and piped cooking gas to ...
Anemic core sector growth puts more pressure on RBI to cut rates again
Apr 01, 2015 at 10:49 | Source:
Growth in eight core sectors continued to shrink in February, similar to the trend seensince December and offering no sign of revival in the economy.The slowdown in the core sectors to 1.4 per cent in February from 1.8 per cent in January, has come i...
Natural gas price to be cut by 9% to $4.56 from 1 Apr
Mar 27, 2015 at 13:53 | Source:
New Delhi: In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9 percent to $4.56 per unit from 1 April to reflect the softening in international prices, benefiting users in the power and fertiliser sectors.The go...
India expects to raise $3.6 bn from share sale in four firms: Jayant Sinha
Mar 20, 2015 at 15:26 | Source:
New Delhi: India could raise Rs 22,574 crore ($3.6 billion) from the sale of stakes in four state-run firms including Oil and Natural Gas Corp (ONGC) and National Aluminium Co Ltd (Nalco), Minister of State for Finance Jayant Sinha said today.The cab...
Natural gas price to be cut by 10% from 1 April
Mar 18, 2015 at 11:56 | Source:
New Delhi: Domestic natural gas prices arelikely to be slashed by over 10 per cent to USD 5.02 per unitfrom 1 April, hitting revenues of companies like ONGC andReliance Industries.The prices of natural gas are due to be revised from 1April, based on ...
Cairn Energy sells off £230m in Indian shares
Mar 11, 2015 at 15:57 | Source:
Oil explorer Cairn Energy has announced the sale of $360m (£230m) worth of shares in Cairn India. The company said the move represented a 3.5% shareholding in the Indian business. Late last year the Edinburgh firm sold off a 40% stake in Cairn India...
Goldman Sachs expects crude prices to drop to $40 a barrel in near-term
Mar 09, 2015 at 13:38 | Source:
US crude prices will likely drop as far as $40 a barrel in the near-term, reversing recent gains in oil prices as global crude inventories begin to increase again, brokerage Goldman Sachs said.Oil prices rose by almost a third between January and Feb...
U.S. crude prices to drop to $40 a barrel as inventories rise - Goldman
Mar 09, 2015 at 09:45 | Source:
SINGAPORE (Reuters) - Oil prices will reverse their recent gains as global crude inventories begin to increase again, with U.S. crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs(GS.N) said.Oil prices rose by almost a third b...
RIL says Telangana gas pipeline has been restored after fire
Mar 05, 2015 at 15:53 | Source:
Hyderabad:Reliance Industries is in theprocess of assessing the gas loss due to damage of a trunkpipeline and subsequent fire at Sadasivapet in Telangana asthe supply of gas has been restored.Fire had broken out in the wee hours of Sunday in the1,375...