Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market.
BP's new technology investments have so far focused on electric vehicle charging platforms such as FreeWire and PowerShare and reduction of emissions from oil and gas drilling.
"With this extension, the production sharing contract (PSC) is now valid effective October 28, 2019, for the next 10 years," the company said in a statement.
Saudi Arabia is its second-biggest supplier after Iraq. It sold 40.33 million tonnes of crude oil to India in 2018-19 fiscal, when the country had imported 207.3 million tonnes of oil.
Major banks including JPMorgan Chase , Wells Fargo , and Royal Bank of Canada have, as part of regular biannual reviews, cut their estimated values for oil-and-gas companies' reserves, which serve as the basis for those companies to receive reserve-based loans (RBLs), according to more than a dozen sources familiar with the activity.
Fitch Solutions said that while Mexican President Andres Lopez Obrador has allotted more funding for Pemex in recent months, that would likely have a limited impact in the near term and production would continue to decline.
The price of CNG will be revised to Rs 51.99/kg in Mumbai and surrounding areas
Breaking from the two-and-a-half decade-old practice of having a uniform contractual regime for all sedimentary basins in the country, the new policy provides for different rules for areas that already have producing fields and ones where commercial production of oil and gas is yet to be established.
GAIL sold 9 percent more natural gas and transported 11 percent more LPG. Liquid hydrocarbon sales were up 5 percent.
While EBITDA margins slightly improved sequentially, there was a 252 basis point YoY contraction on the back of higher raw material costs and a surge in employee expenses.
Net Sales are expected to increase by 28 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 745.2 crore, according to Kotak.
Net Sales are expected to increase by 23 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 1,455.2 crore, according to Kotak.
Net Sales are expected to increase by 37 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 478.3 crore, according to Kotak.
Net Sales are expected to increase by 33 percent Y-o-Y to Rs. 19,109.7 crore, according to Kotak.
Net Sales are expected to increase by 22 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 3,489 crore, according to Kotak.
Net Sales are expected to increase by 19 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 27,255 crore, according to Kotak.
Net Sales are expected to increase by 6 percent Y-o-Y (up 10 percent Q-o-Q) to Rs. 1,024 crore, according to Kotak.
Net Sales are expected to increase by 39 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 1,38,890.7 crore, according to Kotak.
Net Sales are expected to increase by 24 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 90,737.3 crore, according to Kotak.
India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration
"In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins," said Frank Fannon, assistant secretary in the Bureau of Energy Resources in the U.S. Department of State.
India is expected to double its gas production to over 60 billion cubic metre (bcm) from the current 33 bcm, said V.P. Joy, director general of India's Directorate General of Hydrocarbon which organised an investment roadshow in Singapore.
A Directorate General of Hydrocarbons (DGH) delegation, led by Director General Dr V P Joy, highlighted in its presentation new improved oil recovery and enhanced oil recovery concepts, introduced earlier this month, which offers flexible terms for exploiting existing discoveries.