Oil Sector

The Committee on Public Undertakings noted that project cycles of oil and gas sector projects, ageing fields and past disruptions have contributed to stagnant or declining domestic production despite high capital expenditure.

India offers $300 bn investment chance in oil sector: Dharmendra Pradhan

"In the next 10 years, India is offering project scope of USD 300 billion (in hydrocarbon sector) looking into our future demand," Pradhan said in a media interaction at IndiaEnergyForum, organised by CERAWeek.

Here are BV Mehta's expectations from Budget 2017 on oil

Watch the interview of BV Mehta, ED of Solvent Extractor Association with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market and his expectations from Budget 2017 for oil sector.

Govt to auction 69 idle oil & gas fields ceded by ONGC, OIL

In a press briefing, Minister of State (with Independent charge) for Petroleum and Natural Gas Dharmendra Pradhan said the gas produced will be sold at prevailing market price and the government will also be introducing revenue sharing model for the first time in the oil sector.

Why an oil inventory fall won‘t boost prices much: Goldman

The aggressive capex and activity cuts may offer some modest upside to its USD 40 a barrel forecast over the next three months, but the risk to its longer-term USD 65 a barrel forecast is to the downside, Goldman said.

India, Vietnam ink 7pacts; call for 'freedom' of navigation

Both the countries decided to "strengthen and deepen bilateral cooperation on the basis of the strategic partnership with focus on political, defence and security cooperation, economic cooperation, science and technology, culture and people-to-people links, technical cooperation and multilateral and regional cooperation."

Brent to end 2013 flat as supply fears offset weak demand

Fears of supply disruptions in the Middle East and Africa have offset concerns during the year about weak global demand, keeping Brent trading in a USD 22 range from USD 96.75 a barrel to USD 119.17 a barrel.

Election-focussed govt won't hike diesel price: RS Sharma

Whenever there is an issue, any political sensitivity to any economic agenda, political agenda always has an overriding effect over such decisions, says RS Sharma, former chairman of ONGC. If diesel price is not hiked, upstream companies may have to share a higher burden.

Buy OMC stocks: Ambareesh Baliga

One can buy oil marketing companies (OMCs) despite the rise, which we have seen in the recent past, says Ambareesh Baliga, Edelweiss Financial Services.

Antique's 5 bets in rising market environment

With asset classes like gold and crude having been whacked over the last ten days, Dhirendra Tiwari, Head of Research Antique Institutional Equities believes it could lead to re-rating for the equities as a whole.

Positive on oil sector, says Sanjeev Prasad

Sanjeev Prasad, Exec Director & Co Head, Kotak Institutional Equities is positive on oil sector. According to him, oil sector math is going to play a very big role in fiscal consolidation.

Positive on oil sector post recent reforms: Kotak Equities

Focusing on the recent spate of reforms in the oil sector implemented by the Government, Sanjeev Prasad, executive director, Kotak Instituitional Equities, says sentiment impact of the reforms is far more than immediate earnings impact.

Jaipal Reddy hints at no rollback in petrol prices

As public protest against Wednesday's steep hike in petrol gathered momentum, Oil Minister Jaipal Reddy gave no indication of a rollback in the immediate future.

Aban JV in contract for early redelivery of drillship

Aban Offshore, which provides offshore services to the oil sector, said on Friday its joint venture, Venture Drilling AS, has signed an agreement for early redelivery of a drillship to its Russian owner.

Libyan revolt likely to leave deep scars on oil sector

Regardless of what comes next in Libya's lethal political standoff, the OPEC country's oil sector is nearly certain to suffer, bringing long-lasting supply disruptions or even permanent damage.