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Vitol pens gas purchase deal with EOG Resources

EOG Resources will supply Vitol with 180,000mm British thermal units/day of natural gas, equivalent to approximately 1.25mn tonnes/year of LNG.

Switzerland , United-kingdom , British , Swiss , Vitol , New-york-listed , Chesapeake-energy , Eog-resources , Gas-index , Natural-gas , Oil-and-gas

GAIL: IOC, GAIL, ONGC fined for third straight quarter for failure to appoint directors

State-owned oil and gas companies, including IndianOil, ONGC, and GAIL (India), have been fined for the third consecutive quarter for not meeting listing norm requirements regarding the number of directors on their board. The fines, totaling Rs 32.5 lakh, were imposed by stock exchanges for the quarter ended December 31, 2023.

Business-news , Breaking-newsbudget , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Gail , Bpcl , Ioc , Engineers-india-ltd

GAIL Share Price: GAIL share price down 0.51 per cent

A total of 246,631 shares changed hands on the counter till 11:26AM (IST).

India , India-ltd , Gail , Gail-india- , Gail-india-ltd , Gail-india-ltd- , Gail-india , Gail-ltd , Gail-share-price , Bse , Nse

coal gasification: Notified price for coal gasification soon: Coal Ministry

The Ministry of Coal is planning to offer coal at a notified price for coal gasification projects to boost the sector. This move aims to ensure that the industry does not face a shortage of coal. Coal gasification is a process that converts coal into synthesis gas, which is cleaner than coal combustion. The Union Cabinet has approved a coal and lignite gasification programme with viability gap funding worth Rs 8,500 crore for both public and private sectors.

India , Mumbai , Maharashtra , Bharat , Nagaraju-maddirala , Indian-oil-corporation-ltd , Coal-india-ltd , Ministry-of-coal , Bharat-heavy-electricals-ltd , Union-cabinet , Additional-secretary , Coal-gasification

Acre puts Nagarjuna Fertilizers up for sale at double buy price

Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms.

Bank-share-price , Axis-bank-share-price , Nifty-track , Economic-times-news-app , Daily-market-updates , Live-business , Economic-times-prime , Economic-times , Paper-online , Trending-stocks , Share-price

Acre puts Nagarjuna Fertilizers up for sale at double buy price

Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms.

Business-news , Breaking-newsbudget , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Nagarjuna-fertilizers , Sale , Bidders , Acre-asset-reconstruction-company