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Indian Sector Outlook Stable: Fitch Ratings
December 2017
Fitch expects Indian state-owned oil and gas companies to undergo large debt-funded consolidation in 2018
‘Industry leaders should promote gender diversity’: O&G Roundtable
September 2017
At a time when Indian and global oil & gas industry is discovering the new normal amidst tumultuous economic scenario and fluctuating commodity prices, there is a need to push for gender diversity, an issue that has been long neglected.
Growth Spearhead
January 2017
Vikram Solar has announced the appointment of Nimish Jain as its new head of global module sales. In the new role, he would be responsible for driving sales in both domestic and international markets.
Sell domestic LPG only to PSU oil firms | Govt
January 2017
The government has ordered LPG producers like Reliance Industries to supply all LPG they produce locally to state-owned oil companies only, and private retailers have been asked to source their requirements through imports.
Undervalued Gold
December 2016
Biomass energy is generated through organic matter and can be utilised for various applications, to produce heat and electricity, or used in combined heat and power (CHP) plants; in combination with fossil fuels (co-firing) to improve efficiency and reduce the build up of combustion residues; to replace petroleum as a source for transportation fuels.
Govt set to start talks on merging 13 state oil companies
September 2016
The government is set to start consultations for an ambitious plan to merge 13 state oil firms to create a giant corporation whose revenue dwarfs global energy major Chevron which competes with US conglomerate General Electric in the Fortune-500 ranking.
CAG red-flags $1.6 billion excess cost recovery by RIL
September 2016
Government auditor CAG has red-flagged $1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC´s gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm
PM´s oil quest offers lifeline to service firms
August 2016
The government´s ambition to cut fuel imports has driven fresh investment of Rs.1.8 trillion, offering a lifeline to global oilfield service providers starved of new contracts.
RIL´s arbitration may hinder its discoveries
April 2016
In order to incentivise gas production from deep sea and other difficult reservoirs, the government has announced a new pricing policy that will link the price of gas from these fields to landed import rates of fuel oil.
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