Goldman Sachs recently released outlook for the stocks of some of the companies in the oil and gas sector. The brokerage expects improved outlook for the scrip of Oil India owing to fuel price increases and potential gas price hike. Goldman Sachs expects Oil India's net crude realization to improve from $54 in current fiscal to $58.2 per barrel in 2014
Category: Oil & Gas
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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GSPL expects recovery in volumes
Manish Sheth, Chief Financial Officer of Gujarat State Petronet (GSPL) expressed hope that the gas transmission volume of the company would recover once the global gas prices decline to some extent. In the last 11-12 quarter, the company has been witnessing fall in its volumes because of continuous fall in gas production from KGD6 basin. GSPL's transmission volu
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ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
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ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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OMCs’ under-recovery for diesel rises
Data released by the union petroleum ministry shows that the under-recovery of state-run oil marketing companies (OMCs) on sale of diesel has risen to 10.27 per litre for the second fortnight beginning February 16 from Rs 9.22 in the first fortnight of the month. This is despite the 45 paise per litre hike in diesel prices effected by these firms recently in the second dose of a