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Vedanta Oil & Gas ends higher after Delhi HC backs $99 million arbitral award
Vedanta Oil & Gas rallied 3.80% to settle at Rs 37.96 after media reports stated that the Delhi High Court cleared the enforcement of a $99 million foreign arbitral award by rejecting the central government's objections.
Vedanta Oil and Gas shares rally 8%. What’s boosting investor sentiment today?
Vedanta Oil and Gas shares rose sharply on Thursday, outperforming its recently listed Vedanta group peers after reports that the Delhi High Court cleared the enforcement of $99 million in arbitral awards in favour of Vedanta and Ravva Oil. The development boosted investor sentiment despite the company's weaker Q1 production performance.
US-Iran war: BPCL, GAIL to HPCL — oil and gas stocks rise despite soaring crude oil prices - livemint.com
US-Iran war: BPCL, GAIL to HPCL — oil and gas stocks rise despite soaring crude oil priceslivemint.com
ONGC Share Price Live Updates: ONGC's Current Market Price
Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme
The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of domestic coal and lignite resources.
What are the risks of an LNG tanker explosion?
A Qatari LNG tanker sustained damage in an attack near the Strait of Hormuz. The vessel, Al Rekayyat, is reportedly at risk of exploding following the incident. This marks the second war-related attack on an LNG carrier this year. LNG is natural gas cooled to liquid form for easier transport. Modern LNG carriers have multiple safety features to prevent explosions.
Indian-flagged crude tanker turns back from Strait of Hormuz after vessel attacks: Report
Several oil and gas tankers have turned back from the Strait of Hormuz. This action follows renewed attacks on vessels in the critical waterway. A Qatari LNG tanker and a Saudi crude oil tanker were damaged near the strait. Maritime authorities have raised the threat risk for transiting vessels to severe. Indian refiner Mangalore Refinery cancelled a crude oil charter from Iraq.
India seeks safe Hormuz passage for nine ships as truce falters
In a strategic move, India is engaging Iran in talks to guarantee the safety of nine tankers loaded with crude oil and liquefied petroleum gas. With vigilant oversight from the government on these vessels, officials will confer with Iranian counterparts to discuss the precarious state of maritime security due to regional tensions that threaten both shipments and a delicate ceasefire.
OMCs, gas utilities remain top picks despite fresh oil price volatility: ICICI Securities
Probal Sen, Senior Research Analyst-Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities discusses India's energy outlook, LPG supply risks, ONGC and Oil India, while Trading.com's Peter McGuire shares his view on crude prices amid escalating West Asia tensions.
ONGC Emerges Top Performer In Nifty 50 Pack, Defies Stock Market Crash
Shares of the state-run oil & gas explorer traded higher despite the stock market crash amid renewed US-Iran tensions that led to a spike in global crude oil rates by upto 5%.
Sensex drops 375 pts; oil & gas stocks remain under pressure
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 374.82 points or 0.48% to 77,805.80. The Nifty 50 index lost 119.25 points or 0.49% to 24,279.15.
Sensex dips 600pts intraday, Nifty at 24,207 on West Asia crisis, oil surge
Among the sectoral indices, the Nifty Auto, Nifty FMCG, Nifty Oil & Gas, and Nifty PSU were the top losers -- down more than 1 per cent each.