Upstream

As part of 'Project Aspire', BPCL will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, G Krishnakumar said at its 70th annual general meeting

Upstream oil companies: Pricing momentum looks supportive, ONGC a better pick at current levels

Given the price uptick for both crude and gas, it should have a positive rub-off on net realizations. ONGC can be bought at current levels, but look for a better entry point for Oil India

Hindustan Oil Exploration Company – stellar Q3, performance to improve

The Assam block is now contributing significantly towards revenues and profitability and the company plans to improve volumes rapidly.

ONGC may save Rs 800cr from kerosene price hike: RS Sharma

RS Sharma, CMD, ONGC is very happy with the government's announcement of hike in kerosene price, which will help reduce the subsidy burden of these companies.

Re 1 hike in kerosene will save Rs 700 cr for system: ONGC

Currently, the company has a capital expenditure plans of about Rs 30,000 crore. AK Srinivasan of ONGC sees the net average realisation of USD 45-47 a barrel.

Finmin to pay full Rs 8600-cr subsidy to OMCs in Q4

OMCs will absorb losses of Rs 2200 crore in the nine months in fiscal year 2015. With this, upstream companies will have to face no subsidy burden in the fourth quarter.

Oil ministry seeks Rs 5000cr compensation from Centre: Srcs

Oil Minister Dharmendra Pradhan said that the Centre will take a call on the subsidy sharing mechanism shortly after taking into account the interests of oil companies and the exchequer.

Subsidy share: Govt may spare upstream cos if oil below $60

Close on the heels of quarterly results of oil companies and a possible 5 percent divestment in ONGC, the Oil Ministry has proposed a new subsidy sharing proposal with the Finance Minister.

PSU OMCs' subsidy burden may fall to Rs 28-34kcr FY16: Icra

As per ICRA's estimates, the subsidy burden on PSU upstream companies is expected to decrease to Rs 28,000-34,000 crore by FY16 as the overall GURs are projected to decline to Rs 56,000 crore during the year at crude oil price of USD 70 per barrel considering Rs 63 a dollar.

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.

Rs 60K cr upstream subsidy burden expected: Quant Broking

Rs 60,000-crore upstream subsidy burden was mostly in line with ONGC's expectations, says Gagan Dixit, Quant Broking. He added that however, crude prices have corrected, and diesel under-recoveries have dipped below Rs 4.

RIL's shale gas, telecom ops to drive stock rating: Experts

Oil and gas major Reliance Industries' Q4 earnings are likely to be ignored by the market on Wednesday, however positive developments on shale gas, upstream operations, telecom and retail businesses would drive stock ratings in future, experts and analysts told CNBC-TV18 today.

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.

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.”