The government is all set to cross annual disinvestment target this fiscal for the first with ONGC buying the Centre’s entire 51 per cent stake in HPCL for Rs 36,915 crore.
India’s largest oil exploration company Oil and Natural Gas Corporation (ONGC) will acquire 51.1% controlling stake in HPCL from the government for Rs 36,915 crore.
Assam industry minister, Chandra Mohan Patwary on Saturday said that Centre has in principle agreed to come up with gas pipeline from Barauni in Bihar to Guwahati in Assam.
The Trump administration’s promise to exempt Florida from an offshore drilling plan is not a formal action, an Interior Department official said Friday in a statement that Democrats said contradicted a high-profile announcement by Interior Secretary Ryan Zinke.
Asian spot prices for liquefied natural gas (LNG) hit their highest in more than three years this week, with traders in Asia and Europe flagging temperatures in northern Asia are set to dip further as production outages curb supply.
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.
Reliance Industries today came out with a set of better-than-expected earnings numbers for the quarter ended December 2017.
Oil-to-telecom behemoth Reliance Industries on Friday posted 25 per cent growth in consolidated net profit at Rs 9,423 crore for the quarter ended December 31, 2017.
India’s LPG consumption is forecast to increase by nearly 6pc to 23mn t by the end of 2018 as the government invests in infrastructure, according to Indian consultancy Arihant Global.
The United States are set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said today.