Oil & gas
US sanctions threat over Iran drives oil prices to $74.40/bbl
23 Apr 2019
The US move, which has taken market participants off guard, combined with curbs on Venezuelan oil and Opec cutbacks could drive up prices above the current levels, possibly back to levels above $100 a barrel
Reliance Industries reports record Q4 net profit of Rs10,362 cr
19 Apr 2019
Reliance Jio ended FY19 with a 309 per cent increase in net profit to Rs2,964 crore and a subscriber base of over 300 million, while RIL’s retail segment revenue crossed Rs100,000 crore
Saudi Aramco eyes expansion into India with 25% in Reliance
17 Apr 2019
Reports citing sources said the Saudi oil giant, which claims spare capacity of 2 million barrels per day, is planning to invest heavily in Indian fuel retail and petrochem market
Saudi Aramco’s initial bond issue gets $100 billion order
09 Apr 2019
While reports say the bond issue is intended to raise cash for Aramco’s $69.1 billion acquisition of Saudi Basic Industries Corporation, the Saudi oil giant with core earnings of $224 billion last year and $86 billion in free cash flow at the end of 2018, does not need to borrow
Saudi Aramco to buy 70% stake in SABIC for $69 billion
29 Mar 2019
The transaction, while helping to enhance Saudi Aramco’s downstream capacity and expanding the market for SABIC, will unlock significant capital for Saudi wealth fund PIF’s continued long-term investment strategy
Vedanta strikes oil in Krishna-Godavari basin
28 Mar 2019
Vedanta says the discoveries in the H2 well comprise multiple reservoir zones and that further appraisal will be required to establish the size and commerciality of the oil discovery
.webp)
