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Explained - Why Morgan Stanley bets on ONGC but downgrades its peer Oil India
Morgan Stanley reiterated its preference for ONGC over Oil India, citing ONGC's superior reserve replacement ratio, higher natural gas price realisations and faster monetisation of reserves.
Companies seek lifting of curbs on gas pipeline integration
Indian energy firms want the Petroleum and Natural Gas Regulatory Board to allow pipeline connections. This could free up nearly 10% of domestic gas output. Around 14 million cubic metres of gas from the Northeast is currently unused. A temporary waiver could unlock 8 million cubic metres of gas quickly.
BP names heads for two main businesses after revamp
BP is reorganising its business into two core units, upstream and downstream. Gordon Birrell will lead the upstream operations, while Richard Harding takes charge of downstream on an interim basis. This strategic shift aims to simplify operations and refocus on oil and gas. Renewable energy investments will be scaled back.
Sensex jumps 217 pts; Nifty trades below 23,200 level; VIX tanks 6.12%
The Nifty traded above 23,200 level. PSU Bank, bank and financial services shares advanced while IT, oil & gas and media shares declined.
Kumar Shanker takes charge as IGL MD
Kumar Shanker is the new managing director of Indraprastha Gas. He takes over from Kamal Kishore Chatiwal. Shanker is a chemical engineer with over three decades of experience at GAIL. Previously, he led Maharashtra Natural Gas Ltd. IGL is a joint venture between GAIL and BPCL. The Delhi government also holds a stake in IGL.
Cairn, Vedanta Oil & Gas raises output from Hazarigaon gas field in Assam
Cairn Vedanta Oil & Gas has achieved a significant milestone in Assam. The Hazarigaon field recorded its highest gas production. This contributes to India's energy security. The field supports tea gardens, powers CNG buses, and supplies gas to Numaligarh Refinery. The company ensures responsible operations and efficient resource use. This work reflects steady progress in the region.
India expects oil and gas prices to fall in coming months - Investing.com India
India expects oil and gas prices to fall in coming monthsInvesting.com India
India expects oil and gas prices to fall in coming months - Investing.com Nigeria
India expects oil and gas prices to fall in coming monthsInvesting.com Nigeria
India expects oil and gas prices to fall in coming months - Investing.com
India expects oil and gas prices to fall in coming monthsInvesting.com
Equirus sees oil prices staying elevated, prefers gas stocks over OMCs
Maulik Patel, Head of Research and Oil & Gas Expert at Equirus, said oil prices may stay above $80-$85 per barrel even if a peace deal is reached. The brokerage prefers gas companies such as GAIL and Gujarat Gas over OMCs and expects Indian markets to remain range-bound, with mid-cap and small-cap stocks supported by stronger earnings growth.
India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri
India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned to manage potential disruptions.
OMCs losing nearly ₹700 per domestic LPG cylinder despite price hike: Govt
Cooking gas prices have risen again. Oil companies are still losing about ₹700 on each domestic LPG cylinder. International prices are up due to the West Asia conflict. This has increased supply costs significantly. Consumers pay less than global rates. Pradhan Mantri Ujjwala Yojana beneficiaries receive a subsidy on fewer refills annually.