Page 23 - Oil And Gas
Covid-19: Oil producers knock govt's door, seek relaxation in royalty, cess
In addition, companies batted for a higher gas price compared to the existing $2.39 a million British thermal unit (mBtu), effective from April to September this year.
 "Covid-19: Oil producers knock govt's door, seek relaxation in royalty, cess")
BSE Oil & Gas index zooms over 7%; HPCL jumps 14%, BPCL surges over 11%
GAIL, ONGC, IOC and IGL were up in the range of 8.5 and 6 per cent
 "BSE Oil & Gas index zooms over 7%; HPCL jumps 14%, BPCL surges over 11%")
Oil regulator ropes in ICF to carry out gas demand, infra assessment
India is targeting 15 per cent share of natural gas in the energy basket by 2030
 "Oil regulator ropes in ICF to carry out gas demand, infra assessment")
Govt creates expert panel for time-bound resolution of oil, gas disputes
The panel will have a tenure of three years and the resolution will be attempted to be arrived at within 3 months
 "Govt creates expert panel for time-bound resolution of oil, gas disputes")
Strategic privatisation can fund fiscal needs for 15-20 yrs: Chhaochharia
The value of a strategic privatisation could easily be two to three times these companies' typical valuation
 "Strategic privatisation can fund fiscal needs for 15-20 yrs: Chhaochharia")
Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr
Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers
 "Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr")
Largest wealth fund may offload $658-millon stake in Indian oil firms
Companies that Norwegian fund is likely to shed stakes in include Oil India, IOC, ONGC, and RIL
 "Largest wealth fund may offload $658-millon stake in Indian oil firms")
Oil, gas policy: Govt not to seek share of profits in less explored areas
Irrespective of the basins, producers will get complete marketing and pricing freedom for oil and gas in future bid rounds
 "Oil, gas policy: Govt not to seek share of profits in less explored areas")
$15.3 billion revenue expected from auction of 59 oil, gas fields: Govt
The Centre launched the bid round II under Discovered Small Fields policy last month
 "$15.3 billion revenue expected from auction of 59 oil, gas fields: Govt")
India to begin auction of 55 oil and gas exploration blocks from Thursday
India is estimated to hold 42 billion tonnes or 315 billion barrels of oil and gas resources
 "India to begin auction of 55 oil and gas exploration blocks from Thursday")
Legacy problems in oil and gas: New licensing policy hurting old players
Participants in the original rounds of privatisation are unhappy with key changes in production sharing contracts that are up for renewal
 "Legacy problems in oil and gas: New licensing policy hurting old players")
Structural slowdown likely in oil and gas industry: Icra
Sees viability issues for greenfield refinery projects, impact on GRMs
 "Structural slowdown likely in oil and gas industry: Icra")
Reliance Industries, BPCL, Indian Oil hit 52-week highs
BPCL, HPCL and IOC were up between 2% and 3% on the BSE.
 "Reliance Industries, BPCL, Indian Oil hit 52-week highs")
'Human errors behind majority of accidents in oil, gas sector'
Ignorance, negligence, carelessness and dereliction of duty besides equipment failure have led to the incidents: HPCL
 "'Human errors behind majority of accidents in oil, gas sector'")
Oil ministry to auction discovered small fields by Jan 2017
It announced that contracts for all acreages with reserves worth Rs 70,000 crore are likely to be placed by January 2017
 "Oil ministry to auction discovered small fields by Jan 2017")
