This Week Gas Price Hike on Card
The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a...
View ArticlePower Ministry says no to Gas Price Hike
The power ministry has come out strongly against attempts by the petroleum ministry to raise gas prices from $4.2 per mBtu (million British thermal unit) to $6.77 per mBtu. In a note sent to the Prime...
View ArticleGovt’s move to hike gas price may result in rise in fuel cost
Government’s proposal to increase domestic gas prices to USD 6.77 per unit will result in 56 per cent rise in fuel cost to Rs 3.41 per unit for natural gas-based power generation, leading to an...
View ArticleIndia’s Natural Gas Price Increase Positive for Upstream O&G Companies -Full...
Fitch Ratings has said that India’s recent upward revision of gas prices will benefit the upstream players and will lead to higher investments in gas production. The power sector, the largest user of...
View ArticleUS Fast Food Workers Strike, Demand 100% Pay Raise
“It’s noisy, it’s really hot, fast, they rush you. Sometimes you don’t even get breaks. All for $7.25? It’s crazy,” is how one worker described the conditions that have caused her and the rest of...
View ArticleShale: come the revolution
It’s everywhere, this shale stuff. The latest study of the world’s resources of shale oil and gas – published on Tuesday by the consulting firm IHS – suggests that there could be four times as much of...
View ArticleFalling gas prices to hit RIL’s E&P business
With the government lowering gas prices from April, Reliance Industries Ltd (RIL) will have to wait longer for a turnaround in its exploration and production (E&P) business. According to analysts,...
View ArticleMoody’s: Plummeting oil prices will squeeze global oil and gas companies’...
Plummeting oil prices will cause cash flow for the global integrated oil & gas industry to contract by 20% or more for 2015, with only a modest recovery expected in 2016, say Moody’s Investors...
View ArticlePositives & Negatives of this Week
Positives: 1. Dow and S&P 500 had strong weeks, with the S&P closing at 52 week highs and the Dow closing at all time highs. 2. Unemployment rate declines to a a 4 year low of 7.7% 3. February...
View ArticleRANGARAJAN PANEL’S GAS PRICING FORMULA IN LIMBO
The future of the ambitious recommendations by the C Rangarajan Committee on doubling of domestic gas prices seems to be heading towards uncertainty as amid opposition from the Power Ministry along...
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