GAIL contracts pipes for Barauni-Guwahati gas pipeline

GAIL contracts pipes for Barauni-Guwahati gas pipeline

State-owned gas utility GAIL (India) Ltd Thursday said it has purchased steel pipes worth Rs 1,100 crore for laying the Barauni-Guwahati gas pipeline, putting on fast track the implementation of the project that will connect the north-east with the national gas grid.

BUZZ-Indian oil & gas shares rise on lower crude prices

BUZZ-Indian oil & gas shares rise on lower crude prices

Oil prices fell to two-week lows as they extended big losses from the previous session amid a rout in global stock markets, with oil also taking a hit from an industry report showing U.S. crude inventories rose more than expected

Essar Begins CBM Gas Supply to GAIL

Essar Begins CBM Gas Supply to GAIL

Ruia family-owned Essar Group has started supply of gas produced from coal seams to state-owned GAIL India.
In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) “commenced supply of CBM gas

OMCs stare at a crude problem, but ONGC, GAIL & Vedanta can cash in

CLSA sees Vedanta, GAIL and ONGC being good buy options based on factors such as favourable risk reward and lack of subsidy burden, among others.

OMCs stare at a crude problem, but ONGC, GAIL & Vedanta can cash in

As Brent crude crosses the $80/bbl mark, India is staring at a crude problem. Rising prices of crude oil will likely weigh on oil marketing companies such as IOC, BPCL and HPCL, especially in the backdrop of elections, analysts at CLSA have said in a report.

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