State oil companies like ONGC, GAIL plan Rs 87,000 crore capex
State oil companies have planned a capex of Rs 87,000 crore, or $13 billion, in 2017-18 to develop oil and gas fields, expand refining capacity, and build pipelines.
GAIL draws up Rs 30,000 crore capex plan for expansion
State-owned gas utility GAIL India today said it has drawn up investment plans of Rs 30,000 crore for expansion
GAIL (India) Q4FY17 standalone net profit declines 40.4% yoy
GAIL standalone revenue for the quarter came in at Rs. 13422 crore, registering 15.8% yoy increase. This was driven by increase in revenue from Petrochemicals and Natural Gas Marketing by 57% yoy and 12.7% yoy respectively.
GAIL in time-swap deal for US LNG
State-owned gas utility GAIL India Ltd today said it has signed a first-ever time-swap deal to sell some of its US liquefied natural gas (LNG) as it rejigs the supply portfolio in line with domestic demand.
PM Modi’s dream project ‘Urja Ganga’ gets underway in Varanasi
Prime Minister Narendra Modi’s dream project- City Gas Distribution Project (CGD) as a part of Jamsehdpur-Haldia and Bokaro-Dharma Pipeline (JHBDPL) named Urja Ganga Project started taking shape in his parliamentary constituency Varanasi on Sunday
GAIL awards Pipeline Laying Work Contracts for another 131 Km in Kerala
75 % of Kochi – Koottanad – Mangaluru Pipeline now in Construction Phase
Carrying forward the momentum for Natural Gas pipeline works in Kerala, GAIL (India) Limited today awarded Contracts for Pipeline Laying works of the Kochi – Koottanad – Mangaluru Pipeline for another 131 Km section from Areacode (Malappuram) to Kurumathoor (Kannur) at a cost of approx. Rs 200 Crore.
Falling Margins May Hurt Refiners; Explorers To Gain From Higher Crude Prices
Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.
Is India ready for the U.S. LNG trade?
The U.S.is expected to become a net exporter of natural gas in a period between 2017 and 2018. The growth of domestic natural gas production in the U.S. is pushing it for speedy development of its liquefied natural gas (LNG) export terminal
GAIL receives award for the fastest growing company in the Maharatna PSUs
GAIL today received the award for fastest Public Sector Undertaking on Wednesday at a function organised In New Delhi.
Gas utilities in a sweet spot
The domestic gas prices have been cut marginally from $2.5 per mmbtu (million British Thermal Units) to $2.48 per mmbtu, but gas distribution and marketing companies are in a sweet spot
