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Total to acquire 37% stake in Adani Gas for 5,700 cr

Mumbai, Oct. 15 -- Total SA has agreed to acquire a 37.4% stake in city gas distributor Adani Gas Ltd for around 5,700 crore, in the French energy major's biggest bet on India's clean energy push. Th... Read More


Total buys 37.4% stake in Adani Gas for Rs.5,662 crore

New Delhi, Oct. 14 -- Betting on India's clean energy push, French oil and gas major Total SA has acquired a 37.4% stake in Adani Gas Ltd, promoted by the Adani Group, for Rs5,662 crore, the company s... Read More


ExxonMobil India LNG signs MoU with IOCL

New Delhi, Oct. 14 -- ExxonMobil India LNG Limited, an affiliate of ExxonMobil, has signed a Memorandum of Understanding with Indian Oil Corporation Ltd. (IndianOil), to expanding its liquefied natura... Read More


Skewed gas rates may upset ONGC's pricing formula in new block

New Delhi, Oct. 13 -- State-run Oil and Natural Gas Corp. Ltd (ONGC) may be forced to sell natural gas at a discount to its originally expected price from its newest deepwater block in the Krishna-God... Read More


Jio's decision on IUC positive for industry, say analysts

Mumbai, Oct. 10 -- Reliance Jio Infocomm's (RJio) decision to pass on the interconnect usage charge (IUC) for off-net calls (calls to other networks) to its subscribers may enable other operators to r... Read More


India lags in female representation in senior management: Credit Suisse report

Mumbai, Oct. 10 -- India is near the bottom of the rankings for female representation at senior management levels, only marginally better than Japan and South Korea, according to a new study by the Cr... Read More


Bharat Gas gets five-year loan from Bank of Baroda for Rs.3,100 crore

Mumbai, Sept. 23 -- Bharat Gas Resources Ltd (BGR) a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd (BPCL), has signed a five-year loan agreement with Bank of Baroda for Rs.3100 crore, ac... Read More


Over half of global gas supply to come from US by 2035: McKinsey

Mumbai, Sept. 18 -- Over half of global gas supply growth of 635 billion cubic metres by 2035 is expected to be driven primarily by the United States at +380 billion cubic metres, says the Global Gas ... Read More


In case of an emergency, how long will India's oil reserve last?

Mumbai, Sept. 16 -- Drones which targeted Saudi Aramco's Abqaiq oil refinery and Khurais oil field, over the weekend, have hit 5% of global oil supply, pushing up global oil prices nearly 12% so far. ... Read More


Higher capex amid weak operating margins could increase leverage for OMCs

Mumbai, Sept. 10 -- A jump of nearly Rs.1 trillion in capital expenditure over the next five years could increase the leverage for oil marketing companies, Indian Oil Corporation Ltd (IOCL), Bharat Pe... Read More