Oil & Gas

Charts suggest near-term upside for pharma, oil & gas shares: Ravi Nathani

According to the technical analyst, he remains bullish on Nifty Pharma, and Nifty Oil & Gas indices

Oil & gas, power form bulk of stocks sold by FPIs in first fortnight of Feb

Financial services, IT, capital goods among favoured sectors, with FPIs buying stocks worth over Rs 5,600 cr in these spaces

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine

CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.

IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations

The S&P BSE Oil & Gas index hit a 52-week high of 20,653.57 in intra-day trade on Wednesday

The big short in oil & gas PSUs: Lack of leadership in sector hurting India

The government deplores the lack of good leadership in these companies but it adds to the problem with sub-optimal appointment practices for chief executives in this sector

Bharat Forge's subsidiary bags $155.5 mn order to export artillery guns

Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector

OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner

OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.

IGGL gains 42.94% physical progress, Rs 1556.46 crore capital expenditure

The Indradhanush Gas Grid Limited (IGGL), joint venture of five oil and gas public sector undertakings, has achieved a physical progress of 42.94 per cent and a capital expenditure of Rs 1556.46 crore for the 2021-22 financial year, according to a company release here on Thursday. IGGL Chairman Atindra Roychoudhury said this while addressing the fourth annual general meeting. "The company achieved a capital expenditure of Rs 1556.46 crore and physical progress of 42.94 per cent in the financial year 2021-22", he said. The AGM was conducted in both physical and virtual mode and was attended by its directors, shareholders and other stakeholders, the release said. The IGGL is a joint venture of IOCL, ONGC, GAIL, OIL and NRL and is implementing the North East Gas Grid (NEGG) project connecting the capital cities and major demand centres of the North Eastern part of India to build a gas-based economy in the region. The NEGG is implemented as per the Hydrocarbon Vision 2030 of the Nort

Cuban oil facility on fire, leaves 1 dead, 17 missing and 121 injured

A fire set off by a lightning strike at an oil storage facility raged uncontrolled in the Cuban city of Matanzas, where four explosions and flames injured 121 people and left 17 firefighters missing

Refiners, upstream cos soar on windfall tax cut; CPCL up 11%, Oil India 8%

CPCL, Oil India, ONGC, MRPL, Gail (India) and Reliance Industries were up 4 per cent to 11 per cent on the BSE in intra-day trade.

FPIs raise the ante by driving up allocation to oil & gas, auto stocks

FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps

PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively.

Petrol export duty: Will RIL shares fall more after Friday's 9% slide?

The bias for Reliance remains positive, with strong support seen at the 50-WMA, below which the next significant support is at Rs 2,350.

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

Russia to keep gas contract currency unchanged in rouble switch: Report

President Vladimir Putin has said Russia, the world's top natural gas producer, will soon require "unfriendly" countries to pay for fuel in roubles, raising alarm about a possible gas crunch in Europe

Govt explores ways to bring home oil & gas from overseas Indian assets

Plans Rs 1,500-crore seismic surveys as part of strategy to beat global supply disruption

Oil ministry launches seventh round for oil & gas block auctions

Award of these blocks is likely to be completed by the end of March 2022

PM Modi to interact with CEOs, experts of global oil and gas sector

Prime Minister Modi will interact with CEOs and experts on Wednesday via video conferencing