Oil And Gas Sector

All these six companies are state-run enterprises in the oil and gas sector, and have $1 billion of rated bonds coming up for repayment till 2021, the agency said.

Budget 2019: Unlikely to be progressive for oil & gas sector as fiscal math frail

The industry has been demanding that the government consider reducing the minimum alternate tax rate for E&P operations, which at about 20% of book profits is a significant deterrent for investment.

Govt to cut energy import dependence by 10% by 2022: Pradhan

Government's multiple reforms in the oil and gas sector are aimed at increasing the domestic production of oil and gas, thereby reducing the energy import dependence by 10 per cent by 2022, Union Oil Minister Dharmendra Pradhan told industry leaders today.

TERI-PetroFed MoU for studying climate risk of the oil, gas

The MoU between the TERI and Petroleum Federation of India was signed in the presence of Dharmendra Pradhan, Minister of State, Petroleum and Natural Gas.

'Policy decisions to unlock Rs2.5 lk cr investment in oil&gas'

Policy announcements in the oil and gas sector this year will help unlock Rs 2.5 lakh crore investment and aid in domestic gas production, said Sashi Mukundan, Chairman CII National Committee on Hydrocarbons and BP India head.

Reforms to boost gas output 22% to 110 mmscmd by FY21: ICRA

Recent reforms in the oil and gas sector involving market-linked pricing will help the country drill out 22 per cent more gas at 110 mmscmd by 2020-21, a report said Tuesday.

Green energy offers bright spot amid oil industry woes

The boom in new green jobs is being led by Asia where governments in countries such as China and India are embarking on massive programmes to use more renewable energy.

ONGC takes part in Kuwait Oil & Gas Show 2015

Minister of Oil Dr Ali Saleh Al-Omair, who inaugurated the ONGC pavilion on October 12, showed keen interest in India's oil and gas sector, Indian embassy in Kuwait said. ONGC, which was founded in 1956, has entered into its diamond Jubilee year.

Prefer BPCL, IOCL in OMC space: Edelweiss

Edelweiss has advised to prefer BPCL and IOCL in the OMC space, in its research report dated August 31, 2015. "Margins surge on lower-than-expected price cuts", says the report.

Welspun Corp forms JV with Wasco Energy for Rs 200 cr plant

Welspun Corp, which is the flagship arm of the USD 3 billion Welspun Group making steel pipes for the oil and gas sector, will hold 51 percent in the joint venture while the Malaysian partner Wasco, which is a fully-owned subsidiary of WahSeong Corporation, will own the rest, Welspun Group said in a statement.

World Bank to look into investment opportunities in Haryana

It also evinced keen interest in deepening the engagement with the state government in the field of cutting down losses in transmission and distribution of power, and in bringing efficiency in demand management.

Belgium's Solvay to buy US peer Cytec for $5.5 bn

Cytec, which makes most of its sales in North America, has 4,600 employees worldwide and annual sales of about USD 2.0 billion.

UAE-based oil firm acquires Essar Petroleum East Africa

"The move will improve the company's market share from the current 1.1 per cent and consolidate the firm in east Africa," said Gulf Petrochem Group Managing Director Sudhir Goyel.

Decoding Q4 GDP: What it says, and doesn't

Even as fourth quarter GDP for the Indian economy came in at 7.5 percent, a data point that stood out is gross value added (GVA): at 6.1 percent growth.

Asian stocks mixed as BOJ maintains monetary policy

Overnight, US stocks gave up gains in the minutes before the close as investors eyed continued gains in oil and the US dollar ahead of the unofficial start of earnings season on Wednesday.

PM may announce Rs 36K cr expansion plan for Rourkela plant

Prime Minister Narendra Modi is expected to announce a Rs 36,000 crore capacity expansion plan for SAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firm on April 1.

Like oil & gas; chemicals to give multi-baggers: HDFC Sec

The current fall in global crude oil prices is a big positive for this space as most companies use raw materials that are linked to crude, says Dipen Sheth, Head-Institutional Research, HDFC Securities.

Earnings growth, mkt returns to double in 4 years: BoAML

According to BoAML, India Inc earnings have turned the corner and are likely to double over the next four years and market returns could mirror earnings growth.

Will oil & gas sector see policy reforms in 2014?

India witnessed an unforeseen economic growth post liberalisation driven by demographic changes rapid industrialisation and a robust service oriented business environment.

Gas price hike may benefit ONGC, Oil India: ICICIdirect.com

ONGC and Oil India would be the major beneficiaries of this price hike as they are the largest producers of APM gas. The benefits for these two companies include higher realisations and investments in deepwater gas discoveries turning viable," says ICICIdirect.com research report.

Invest aggressively in OMCs now; top pick BPCL: Macquarie

The overall scope for investment in oil and gas sector is good and one should invest aggressively in it, says Jal Irani of Macquarie. He told CNBC-TV18 that easing subsidy burden, gas price hike next year will make these stocks look attractive.

Will continue to be in oil biz; keen on bank foray: Dhoot

Videocon Group's Rajkumar Dhoot says, in an interview to CNBC-TV18 after Videocon's sale of stake to ONGC, that the group will continue to operate in the oil sector and is keen on a foray into the banking space.

Foreign brokerages divided over India's growth ahead

The government's window to decisively push its reforms agenda forward seems to be closing. Foreign brokerages are divided on just how much success the government will taste and what growth India will realistically achieve in the coming quarters.

Nifty may see relief week, buy ICICI, HDFC Bank: Anu Jain

Anu Jain, Director, Equities IIFL Private Wealth Management shared her readings and outlook on the market, stocks and sectors. Nifty is not reflecting all that is happening on the broader markets she told in an interview to CNBC-TV18.

Budget 2013: Bet on oil; brace for EU, US correction, says expert

Amit Dalal of Tata Investment explains, in an analysis on CNBC-TV18, that the oil and gas sector over a 12-to-18-month view is a lucrative investment option on widespread consensus of the need to reduce then subsidy burden and advises investors to brace for a correction in the US and European markets