NEW DELHI: State-controlled Oil and Natural Gas Corporation (ONGC) plans to wheel green electricity to its installations in the Arabian Sea to replace natural gas it uses in operation of oil wells as part of its ambitious decarbonisation programme, its Chairman Arun Kumar Singh said. India’s top oil and gas producer has substantially cut gas … Read more
NEW DELHI: Deregulation of domestic crude appears to have tipped the balance in favour of producers as green shoots of a free market emerge. In term deals signed after getting marketing freedom, state-run producer ONGC is commanding a premium over Brent for Mumbai offshore oil in spite of attempts by buyers, also from the public … Read more
NEW DELHI: Deregulation of domestic crude appears to have tipped the balance in favour of producers as green shoots of a free market emerge. In term deals signed after getting marketing freedom, state-run producer ONGC is commanding a premium over global benchmark Brent for Mumbai offshore oil in spite of attempts by buyers, also from … Read more
State-owned oil and gas giants including IndianOil and GAIL (India) Ltd have been slapped with fines for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil … Read more
NEW DELHI: State-owned oil and gas giants including IndianOil and Gail (India) Ltd have been slapped with fines for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), … Read more
India plans to ask state-run Oil and Natural Gas Corp to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp, two sources said, an exercise that could raise about $1.9 billion. The comments come after India’s finance minister announced a plan this year to provide equity of 300 … Read more
New Delhi: A dedicated green channel is being facilitated across several states for the movement of heavy machinery and equipment through the railways and road transport for the implementation of four other strategies in case horizontal drilling by the auger machine hits a hurdle, said officials. The movement of heavy equipment is being ensured across … Read more
India is making plans to establish a strategic natural gas reserve that can store up to 4 billion cubic metres (BCM) of imported gas. This reserve will serve as a backup in case of supply emergencies and help stabilize the domestic market, people familiar with the matter told ET. The decision to set up the … Read more
Brokerage firm Morgan Stanley has an equal-weight rating on Jubilant FoodWorks while Elara Securities recommends an Accumulate rating on ONGC. Also, Axis Securities retained its buy rating on KNR Construction and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Jubilant FoodWorks: Equal-Weight| … Read more
NEW DELHI: State-run ONGC will start pumping crude from its $5-billion project off the Andhra coast in the next fortnight, bringing on stream the delayed project that is pivotal for reversing the company’s declining fortunes as a result of maturing fields.Output from the KG-DWN 98/2, the second deep-sea project in the east coast after RIL-BP’s … Read more