are not changing your view on the upstream companies, the likes of Oil and NaturalGas Corporation (ONGC) and the Oil India Ltd (OIL)?A: From a credit perspective, ONGC and OIL are going to benefit a little bit from
under recovery and that benefitting in turn the upstream majors will be contingent upon LPG price action going forward. The third issue is resolution of the gas price hike where the government has already
.Ekta: Your call on the entire oil and gas space. You spoke about Oil and NaturalGas Corporation (ONGC), Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOC) but what about Reliance Industries
to clarify on gas prices before ONGC stake sale-Government may clarify on subsidy mechanism before ONGC stake sale-Oil ministry finalising cabinet note on subsidy sharing mechanism-Oil ministry finalising note
As the earnings season winds up and most of Indias notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was limited evidence of a meaningful upgrades to earnings.
of Russian gas exports to western Europe. Oil prices have seen a build in risk premium after Russia seized Crimea in March and voiced support for the separatists in east Ukraine. Armed insurgencies in crude
production in oil was at 5.5mmt (-0.3% QoQ) and bcm (-2.7% QoQ). ONGC guides FY15 standalone production for oil at 23.5mmt (v/s 22.3 in FY14) and for gas at 24bcm (v/s 23.3 in FY14).""We estimate diesel