Oil India, a government-owned company that explores, develops and produces oil and gas, has received its board’s approval to buyback 5.60% of its paid up share capital for a consideration of Rs 15.27 billion
Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has discussed with new Energy Secretary Rick Perry the possibility of importing LNG from the US and Indian investment in the energy sector there.
Minister of State (I/C) Petroleum & Natural Gas Sh Dharmendra Pradhan met the newly appointed US Energy Secretary Mr Rick Perry in Washington today .
The government has bailed out state-owned oil producers Oil and Natural Gas Corp (ONGC) and Oil India from a potential liability of about Rs 22,000 crore in royalty dues to states like Gujarat and Assam.
City-based PFH Oil and Gas, promoted by Harsh V Poddar of Poddar group, is in talks with London Stock Exchange (LSE)-listed companies for acquisition to expand its energy business.
The Modi government’s plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.
The ministry of petroleum and natural gas has started discussions with state-run oil and gas companies to take forward the Budget proposal to create a globally competitive “oil major” by consolidating the firms.
Overseas fund raising season kicked-off for the year with state-owned Bharat PetroleumBSE 0.36 % Corp mopping up funds at a cheaper rate and NTPCBSE 1.23 % planning similar bond sale within weeks.
Technocrats D Rajkumar and Utpal Bora were today appointed as Chairman and Managing Director (CMD) of Bharat Petroleum
Shares of Cairn India, ONGC, and Oil India are back on fund managers’ radar after Brent crude prices rallied more than 60% over past four months to $49 a barrel on Wednesday. The oil exploration companies are likely to witness stock price rerating as higher crude prices are expected to result in stronger margin realisation, […]