Oil & gas
Goldman Sachs sees oil prices tumbling in 2015
27 Oct 2014
Rising output will outstrip demand as forecasters generally pare estimates for oil due to slowing global growth, a strengthening dollar and ample supplies
ONGC to invest $180 bn to ramp up production seven-fold by 2030; report
27 Oct 2014
ONGC plans to raise its overseas oil production from 8.5 million tonnes at present to 60 million tonnes by 2030 in two stages
French oil company, Total's CEO Christophe de Margerie dies in air crash
21 Oct 2014
The CEO of French oil company Total, Christophe de Margerie, died after a private jet crashed at a Moscow airport yesterday
Govt raises price of domestic natural gas to $5.61 per mmBtu
19 Oct 2014
Since the current price of $4.2 per mmBtu is on net calorific value (NCV) basis, the actual coast to the buyer based on gross calorific value (GCV) basis under the revised formula would be 10 per cent more, which works out to $6.17 per mmBtu
Govt deregulates diesel, retail price down Rs3.37 per litre
18 Oct 2014
While deregulation at a time when diesel sales have been bringing in profits for state-run oil marketing companies could be seen as a wise move, it could start hurting the government as prices could go up anytime and it would not be able to intervene to tame inflation
India to pay Iran $900 mn in oil dues in 2 tranches
18 Oct 2014
Iran’s share of total Indian oil imports was about 7 per cent in the first nine months of this year compared with 4.9 per cent last year
India, Canada negotiating nuclear, oil deals to boost energy cooperation
15 Oct 2014
India and Canada are negotiating commercial contracts for supply of uranium for Indian nuclear reactors as part of increased energy cooperation between the two countries
OPEC basket price of crude falls to $85.93 a barrel
14 Oct 2014
Oil prices are expected to fall below $80 per barrel as OPEC members are increasingly expected to keep taps open until the cartel meets in late November
RIL Q2 net rises 1.7% to Rs5,972 crore despite fall in sales
13 Oct 2014
It was the high refining margin of $8.3 per barrel ($7.7 per barrel a year ago) that neutralised the adverse effect of a slump in oil and gas earnings
Reliance seeks to exit Eagle Ford shale venture: report
11 Oct 2014
The sale of its 45 per cent stake could fetch the Mukesh Ambani-led firm around $4.5 billion
Shipping Corporation, GAIL in talks for LNG shipping venture
06 Oct 2014
State-run SCI and GAIL are planning a new business venture under which the gas utility will acquire nine LNG ships that will be operated by shipping giant
Iran urges OPEC to arrest fall in oil prices
27 Sep 2014
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