Oil & gas
Goldman Sachs sees oil prices tumbling in 2015
27 Oct 2014
Rising output will outstrip demand as forecasters generally pare estimates for oil due to slowing global growth, a strengthening dollar and ample supplies
ONGC to invest $180 bn to ramp up production seven-fold by 2030; report
27 Oct 2014
ONGC plans to raise its overseas oil production from 8.5 million tonnes at present to 60 million tonnes by 2030 in two stages
French oil company, Total's CEO Christophe de Margerie dies in air crash
21 Oct 2014
The CEO of French oil company Total, Christophe de Margerie, died after a private jet crashed at a Moscow airport yesterday
Govt raises price of domestic natural gas to $5.61 per mmBtu
19 Oct 2014
Since the current price of $4.2 per mmBtu is on net calorific value (NCV) basis, the actual coast to the buyer based on gross calorific value (GCV) basis under the revised formula would be 10 per cent more, which works out to $6.17 per mmBtu
Govt deregulates diesel, retail price down Rs3.37 per litre
18 Oct 2014
While deregulation at a time when diesel sales have been bringing in profits for state-run oil marketing companies could be seen as a wise move, it could start hurting the government as prices could go up anytime and it would not be able to intervene to tame inflation
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