Share price of Ujaas Energy advanced 10 percent intraday Friday on the back orders win.
Bharat Petroleum Corporation Limited (BPCL), India’s second largest state-owned oil marketer is mulling a merger with GAIL (India), India’s largest gas distributor, and Oil India
The results for the eighth round of city gas distribution bidding for Karnal, Kurukshetra, Ambala and South Goa were disclosed during the week. Organized development of network through bids and government’s initiatives to promote cleaner fuels has facilitated rapid expansion of city gas distribution in Indian cities in the last decade.
Mergers of big oil companies will allow them to bid for international asets and absorb fluctuations in fuel prices, according to Utpal Bora, CMD, Oil India. He told this to ET Now during an interview.
Indraprastha Gas (IGL), Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licenses to distribute gas in one city each in the latest round of auction, according to people with direct knowledge of the matter.
Today you have presented the papers which will in a way formalise the ONGC-HPCL merger. Help us understand the timelines for it and how the valuations will be done?
The country’s crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).
Indian state-owned company Oil India has submitted a feasibility report to the government in connection with the construction of a pipeline from Bihar to Assam to address the energy needs of the state.
Seven oil and gas firms are expected to report a 17 percent decline in revenue in the quarter-ended June over the previous three months. Net profit is expected to remain flat, while earnings before interest, depreciation and amortisation may rise 27 percent, according to Bloomberg consensus estimates.
Oil India on Tuesday joined hands with two startp companies for treating drilling water at its wells across Assam.