Narendra Taneja

As per recent reports, one proposal is for upstream giant ONGC to acquire retail major HPCL for Rs 44,000 crore. Energy expert Narendra Taneja believes that the merger will help ONGC gain more strength and will become a USD 100 billion plus company.

Rosneft's entry to put pressure on giants like IOC, BPCL: Expert

Energy expert Narendra Taneja said that this entry of a global giant like Rosneft will put tremendous pressure on domestic players like IOCL, BPCL etc and will work out in favour of the Indian customer.

Cabinet rejig is not about India, but the BJP: Cong spokesperson

Reacting to the news, Salman Soz, Congress spokesperson, said this is an expansion of the minimum government Modi had promised us. "This has nothing to do with India, but to do with BJP."

Drought disaster mgmt plan will be ready soon: BJP's Taneja

Narendra Taneja, Spokesperson of the Bhartiya Janata Party says the government has started releasing funds for relief and related schemes and will have a disaster management plan in place by May 30.

Doha meet was driven by geo-politics, not economics: Fadel Gheit

Calling this an act driven by geo-politics and not by economics, Oppenheimer senior analyst Fadel Gheit says it is not the US shale but Saudi Arabia, which is 'playing a game and using oil as a weapon' to austere supply in Asia from Iran and Russia.

Govt hikes excise duty on petrol by Rs 2.25, diesel by Rs 1

It had last raised excise duty on petrol and diesel by Rs 1.50 a litre each to help it achieve the fiscal deficit target for this year on November 14.

Gas price fixed at $5.61/mmbtu, diesel cut by Rs 3.37/l

The government on Saturday has fixed new gas price at USD 5.61 per million british thermal unit (MMBTU), increased from USD 4.2 per mmbtu earlier, reports CNBC-TV18. It also reduced diesel price by Rs 3.37 per litre following decline in global oil prices in last few days.

Want to make biz environment conducive for diesel cos: BJP

Under-recovery was Rs 1.78 per litre during second fortnight of August 2014. A gradual increase, with diesel price hikes every fortnight, and stable oil prices in international market have aided this narrowing of gap.

RIL oil & gas EBIT in line with expectations: Taneja

RIL‘s oil & gas EBIT stood at Rs 540 crore against Rs 356 crore (QoQ). Energy expert Narendra Taneja speaks on the company‘s performance in that segment.

IOC stake sale: Entire circus very disappointing: Taneja

IOC stake sale is likely to happen within a week, which may fetch the government Rs 4,800-Rs 5,000 crore. ONGC and OIL may pick up 50 percent stake each.

Higher gas price for RIL good news but unfortunate: Taneja

It is more important for the government to create an eco-system in the country wherein companies can come and invest and are given the freedom to concentrate more on exploration and production of gas rather than spend their energy on dealing with issue of arbitration or the bank guarantees feels Narendra Taneja, South Asia Bureau Chief, Upstream.

Opening petrol pumps from 8am-8pm will create panic: Expert

The Oil Ministry has proposed austerity measures to cut fuel consumption. Under the new proposals, 24-hour petrol pumps in cities could be done away with and replaced with petrol bunks that are open only from 8 am to 8 pm.

Reliance earnings as expected; E&P to do better: Taneja

Energy expert Narendra Taneja says that results from Reliance's quarterly performances were in line with the expectations. But, the E&P business will improve, going forward and petchem sector needs to pick up.

OMCs can easily afford to cut prices by 2-2.5/litre: Expert

The oil marketing companies could easily afford to bring down the price of petrol by at least Rs 2-2.50 per litre, says Narendra Taneja, energy expert.

RIL beats expectations by smarter crude sourcing: Taneja

Reliance Industries (RIL) today came out with its December quarter numbers. It surprised the street with its better than expected Q3 result. The company posted a net profit of Rs 5502 crore. In an interview to CNBC-TV18, Narendra Taneja, energy expert said that it was all a result of smart crude sourcing.

Prod in Mozambique could start only by 2017-2018: Taneja

Narendra Taneja, South Asia Bureau Chief of Upstream tells CNBC-TV18 said that although, the Mozambique offshore is supposed to be floating on gas, it is a comparatively new kid on the block with no big history of offshore oil and gas exploration.

RIL's major investments will be in gas sector: Taneja

Narendra Taneja of Upstream believes that Reliance has in a very subtle way admitted the massive problems faced by the company with respect to output from the KG-D6 block. However, he thinks there is some positive news coming in with talks of some revenue from Shale Gas.

CAG report on RIL: Will it taint India's credibility?

Narendra Taneja, South Asia bureau chief of Upstream and SP Tulsian of sptulsian.com discuss Comptroller and Auditor General's (CAG) final audit report on Reliance Industries.

I won't put my money in ONGC: Upstream's Narendra Taneja

According to Narendra Taneja, Upstream, as long as government has different view of ONGC, affectively treating ONGC like a government department, one should be little bit cautious and careful. “If you ask me personally, I won’t put my money in ONGC.”