Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.
Category: Oil & Gas
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Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
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ONGC leads in 10 blocks at Nelp-9
Oil and Natural Gas Corporation (ONGC) has emerged the provisional winner for close to 10 out of the 29 blocks it has bid for in the ninth round of the New Exploration Licensing Policy (Nelp).
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OIL explores hydrocarbons
Oil India (OIL) made its foray into the Cauvery Basin by initiating seismic surveys in its offshore block to locate possible areas for exploration of hydrocarbons.
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Gujarat Gas to buy RLNG
Gujarat Gas entered into an agreement with BG India Energy Solutions (BGIESPL), for the purchase of re-gasified LNG (RLNG).
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KPTL order book up Rs 950 cr
Kalpataru Power Transmission (KPTL) has secured orders worth Rs 950 crore. The company has won three contracts from Power Grid Corporation worth Rs 546 crore.
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ONGC to have last word in Cairn-Vedanta deal
ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
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Punj Lloyd bags O&G orders
Punj Lloyd has bagged three oil and gas orders, cumulatively worth Rs 645 crore, in India, Oman and Indonesia.
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NPCC bags project at Mumbai High
National Petroleum Construction Company (NPCC) of Abu Dhabi has bagged a $227 million (Dh834 million) engineering, procurement and construction contract from Oil & Natural Gas Corporation (ONGC), for a wellhead platforms project at the offshore Mumbai High Field.
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Jet fuel dearer by over 4 pc
Oil companies have raised jet fuel price by a massive four per cent, the ninth straight increase in rates since October.