Hydrocarbon

The government’s decision to phase down and not phase out coal-based power plants gives comfort to L&T that it should be able to maintain its order book from the sector, even if it doesn’t grow, Sarma said.

Poor show by ONGC, Oil India forcing Centre to auction their large fields

As crude oil production in the country continues to decline, the government takes a tough stand on PSU assets, which may be offered to other companies

India to launch third round of discovered small fields auctions on May 17

At least 32 contract areas will be on offer under DSF-III. This includes 22 offshore and 10 onshore fields, which may have reserves to the tune of around 250 million metric tonnes of oil equivalent

Engineers India: Strong order book & revenue visibility a great draw

It is expensive, but if one is comfortable paying little higher valuation there is reason to do so. The reasons are many.

L&T Hydrocarbon bags orders worth Rs 4,000 crore

"L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen & Toubro, has won orders totalling close to Rs 4,000 crore in the international market," L&T said in a BSE filing.

India aims to reduce hydrocarbon imports by 10% by 2022: Oil Min

India currently imports 70-75 percent of its energy requirements, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan told reporters.

Watch: PetroFed Oil & Gas Industry Awards 2016

The Petroleum Federation of India or PetroFed is the apex society of entities in the hydrocarbon sector. Its aim is to recognise and facilitate individuals and organisations that have excelled in various domains in the sector, PetroFed organised the Annual PetroFed Oil and Gas Industry Awards.

Gas output at Essar's Raniganj coal block crosses 1 mmscmd

Essar Oil, which has so far invested Rs 3,300 crore in the CBM block, is targeting to reach peak output of 3 mmscmd in 2017-18 fiscal year.

Energy sector to be focus of PM's talks with Qatari leadership

India and Qatar are expected to give a fresh push to their economic ties, particularly in the hydrocarbon sector, when Prime Minister Narendra Modi holds talks with this energy-rich country's leadership on June 5 amid his keenness to attract investments for development back home

Oil PSUs to invest Rs 80,000 crore in capex in FY16: Pradhan

The government plans to invest in improving infrastructure in oil and gas sector, says Oil & Gas minister Dharmendra Pradhan.

ONGC has found hydrocarbon deposit in Mizoram

Replying to a query from Lalrinawma of the Mizo National Front (MNF), Rohluna said that the Oil exploration companies have been conducting tests on the gas found while drilling and hydro-fracturing have been conducted to find out whether more deposits were available.

Crude price fall worrying; positive on hydrocarbon, gas biz: L&T

SN Subrahmanyan, Deputy MD and President of Larsen & Toubro says the company has prospect projects in the hydrocarbon space and gas exploitation business and the company is L1 in considerable number of its orders.

Rajasthan govt not satisfied with 15% royalty from Cairn

The state government believes the royalty it received, Rs 3100 crore, from the company in FY15 was paltry in comparison to the Centre's share of Rs 19,000 crore.

L&T Q3 net seen up 1%, hydrocarbon biz may post loss: Poll

Larsen and Toubro (L&T) is expected to report a 1.1 percent (year-on-year) decline in standalone profit at Rs 1,255 crore for Q3FY15, according to a CNBC-TV18 poll. Adjusted profit after tax may jump 10.4 percent.

Effective exploration policy: Key to energy independence

Effective exploration policy: Key to energy independence

L&T jumps 4% as Q3 net rises 11% to Rs 1241 cr

Post demerger, L&T transferred hydrocarbon business to its subsidiary L&T Hydrocarbon Engineering with effect from April 1, 2013.

Here's how market experts read L&T‘s Q3 earnings

The topline is clearly a miss, it seems execution of order hasn't trickled the way it should have been, Nitin Bhasin, Analyst - Infrastructure, Cement, Ambit Capital said.

FinMin move may sound death knell for oil refineries

Finance Ministry's move to drastically change the way petrol and diesel are priced may sound the death knell for some of the domestic oil refineries, an industry association has warned.

ONGC, CNPC sign agreement to jointly explore oil and gas

State-owned Oil and Natural Gas Corp (ONGC) has signed an agreement with China's largest oil firm, CNPC to jointly explore for oil and gas worldwide.

L&T bags Rs 700-cr order from Omanese gas co

Engineering and construction major Larsen & Toubro's hydrocarbon division has bagged a Rs 700-crore order from Petroleum Development Oman.