Tag: ONGC

Oil and gas retailing: Changes to pivot around individual consumer


While both policies pivot around giving a new deal to individuals & households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at marketlinked prices.  In two policy changes, one that is currently unravelling and another that is done, resides a promise… Read More ›

Oil India: Optimism on gas prices, subsidies


These larger benefits, added to other favourable factors, outweigh near-term concerns, causing analysts to be bullish on the stock Oil India Ltd (OIL), the upstream major in the sector, has seen its stock under pressure for quite a while, with concerns on production volumes, uncertainty over subsidy burden and, recently, the government’s plan of selling its stake in… Read More ›

Lower sales, coal realisations take toll on Tata Power


A cap on FIIs in private banks restricts the extent of money that overseas portfolio investors can put into the proposed share sale Tata Power narrowed its consolidated loss to Rs 75 crore for the December 2013 quarter versus Rs 329 crore last year, but the overall performance is a far cry from Street’s estimates, which… Read More ›

Proposed US law could boost gas export to India


The surplus is largely due to rapid advances in the technology and extraction of shale gas and oil over recent years The latest version of a Bill in the US legislature for expedited approval on export of natural gas to World Trade Organization members could help India. Over the past year, surplus production of LNG (liquefied natural gas) in… Read More ›

Clarity on marketing margins to trigger IGL re-rating


After the government raised the allocation of domestic gas for city distribution operations last month, IGL cut CNG prices by 20-30 per cent Uncertainty regarding its ongoing case with the Petroleum and Natural Gas Regulatory Board (PNGRB) and weaker volumes due to consistent price increases, to offset higher input costs, saw Indraprastha Gas (IGL), the… Read More ›

Government may ask all refineries to produce fixed level of LPG to ensure uninterrupted supply


Govt is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production.  NEW DELHI: Government is likely to order oil refineries, including private sector Reliance IndustriesBSE 3.56 % and Essar OilBSE 0.97 %, to maintain a minimum level of LPG production to ensure uninterrupted supply of… Read More ›

Discoms not cooperating despite Delhi High Court order: CAG


The discoms sought an adjournment on the grounds that the matter pertaining to CAG audit of telecom firms is coming before the Supreme Court tomorrow.    NEW DELHI: The Delhi government and the Comptroller and Auditor General of India have told the Delhi High Court that distribution companies of the Anil Ambani and Tata groups… Read More ›

Oil rises by $3, Energy cos face Rs 27,000 crore burden


For Indian oil companies, which depend heavily on imports, high oil prices can be a crippling burden at a time when the government is reluctant to raise fuel prices.  NEW DELHI: Oil prices jumped $3 a barrel, putting an annualised burden of Rs 27,000 crore on Indian energy firms, because of escalating hostility between Russia,… Read More ›

With executives’ stir, CIL board may have to fend for itself at meet


KOLKATA: State-run Coal India has scheduled a board meeting on March 13, the same day when the officers’ association of the monopoly miner is set to start a three-day strike. This is possibly the first time a board meeting of the company is being held on the day when its officers plan to strike work implying that… Read More ›

Oil PSUs to promote renewable energy


Ministry of New & Renewable Energy (MNRE) and Ministry of Petroleum & Natural Gas (MoP&NG) have signed a Memorandum of Understanding to enhance energy security along with clean energy development through investments in Solar, Wind and other renewable energy projects. Two Special Purpose Vehicles (SPVs) are proposed to be set up for promoting the deployment of technologies… Read More ›