Crude oil prices have come down to a level of $41 a barrel from a high of $146 a barrel last year. Consequently, upstream oil companies lost, but downstream companies gained. In terms of share price appreciation, downstream companies have outperformed the broader index, the Sensex.
Angel Broking on RELIANCE INDUSTRIES
RIL made two gas discoveries in the KG basin during the quarter. Development work of the gas from D1 and D3 fields is underway and production is likely to commence from 4QFY2009. RIL delivered decent set of numbers for 3QFY2009, which exceeded our expectations. It made a capital expenditure of Rs6,708cr in oil and Gas business.
Prabhudas Lilladhar on PETRONET LNG
Petronet’s capacity expansion at Dahej from 5.0mmtpa to 10.0mmtpa is on track and is scheduled to be completed in mid February. Expanded capacity will enable it to process higher spot volumes. Its blended re-gassification margin declined a little but management indicated this as a one-off incident.
Posts
![[ Registered ]](http://www.diarist.net/registry/button.gif){kind=small}
No comments:
Post a Comment