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Despite crude oil and natural gas prices remaining range bound, technological enhancements and lower production costs have come to the rescue of upstream oil and gas companies, according to industry players and analysts.
Buying a house to just rent it out may not be a lucrative option in India, shows study of data provided by JLL India. Average rental yields were 3.1 per cent, as of May 2017, for top six cities in... »
Mumbai: Tata Sons Ltd may shut down Tata Petrodyne Ltd (TPL), its oil exploration and production arm, as new chairman N. Chandrasekaran weeds out businesses that are unprofitable or lack scale, according to two people aware of the development.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Lupin, Sun Pharmaceutical, Dr Reddys, Cipla, Ipca Labs, Aksharchem, Gol Offshore, Aban Offshore, Hindustan Oil Exploration Company, Jindal Drilling, Oil Country, Dolphin Offshore, Reliance Infrastructure, and Jai Corp.
“This is an industry where you can go to bed as a child and wake up as an adult,” says veteran
Tata Consultancy Services, Yes Bank and IndusInd Bank grabbed the headlines this week on the earnings front. But there were quite a few surprises from some well-known and some rather unknown names.
Shares of Hindustan Oil Exploration Company (HOEC) gained 4.6 percent intraday Wednesday as it has turned profitable in the quarter ended March 2017.
Hindustan Oil Exploration Company reports standalone net profit of Rs 9.82 crore in the March 2017 quarter
After Infosys results that failed to cheer market participants last week, this week it will be the turn of TCS. Its board is meeting on Tuesday to take account of the audited results of the company for the full year and the quarter ended March 2017. Analysts expect TCS to report about 3 per cent sequential fall in consolidated net profit. Hindustan Oil Exploration, Omax Autos and VST Industries will also announce their FY and Q4 financial performance.
Companies in the oil and gas exploration and production business want the government to incentivise Enhanced Oil Recovery (EOR) measures to boost output.
The stock of Hindustan Oil Exploration Company (HOEC) has more than doubled over the past year. Change in management and ownership, a turnaround plan that has been making good progress, wins in the recent discovered fields block auctions and other positive news have contributed to the rally. Despite the run-up, investors with a long-term perspective and high risk appetite can buy the stock.
JBF Industries on Friday said its step-down subsidiary JBF Petrochemicals has commissioned a purified terephthalic acid plant at Mangaluru in Karnataka. The plant, with a capacity is 1.25 mtpa, will strengthen competitiveness in the polyester chain space and also help improve margins, the company said in a filing to the exchanges. Shares of JBF Industries gained 1.6 per cent at ₹278.25 on the NSE.
After a gap of over six years India once again awarded oil and gas blocks, but with a difference. This time it has awarded already discovered areas which were owned by public sector companies — ONGC and Oil India.
On March 22, 2017, Union Cabinet moves to extend the production sharing contracts will benefit Oil India Ltd, Cairn India, Focus Energy, GSPC, Essar Oil & Hindustan Oil Exploration Company.
New Delhi : The government will on Tuesday said that it will sign contracts for the 31 small discovered oil and gas fields it had auctioned in the first bid round in more than six years.
MELODY MEYER AND ATUL GUPTA, WITH A COMBINED EXPERIENCE OF 70 YEARS, WILL PLAY A DEFINITIVE ROLE IN REALIZING THE COMPANY'S GROWTH PLAN OF CONTRIBUTING TO 50 PER CENT OF INDIA'S CRUDE OIL AND GAS PRODUCTION
Cairn India has appointed oil and gas exploration experts Melody Meyer and Atul Gupta on its team to drive the company’s aim of contributing 50 per cent of India’s overall crude production. According to a company official, both Meyer and Gupta have been appointed as Technical Advisors.
Hindustan Oil Exploration Company (HOEC), which won rights to develop two already discovered, marginal fields in a recent government auction, says it sees early monetisation of the one in Arunachal Pradesh.
First-time entrants to India’s hydrocarbon space believe that pricing freedom and a new contract regime for monetising the discovered marginal fields have made the business attractive.
State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years. Touted as an auction round that would replicate the shale gas revolution of the US, half of the fields went to new and lesser known entrants like engineering company Megha Engineering & Infrastructure, KEI-RSOS Petroleum, Enquest Drilling and Nippon Power.
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A go-ahead to implement a $28-million plan to reopen the field will result in the production of at least 3,000 barrels of oil
Investors can buy the stock of Hindustan Oil Exploration Company at current levels. On Thursday, the stock surged 10 per cent accompanied by extraordinary volume breaking through a symmetrical triangle as well as a key resistance at ₹70. This is a bullish continuation pattern. Since taking support at around ₹26 in February 2016, the stock has been on an intermediate-term uptrend. Medium- and short-term trends are also up for the stock.
Hindustan Oil Exploration Company jumped 10.16 per cent (₹6.85) to its year-high of ₹74.25 a share, a day after the company announced its results for the quarter ended December.