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Oil and Natural Gas Corp Report Profit 3Q likely to Boost Investor Confidence
Oil & Natural Gas Corp or ONGC, the India’s biggest energy explorer, posted a record profit in the third quarter that’s likely to boost investor confidence before a share sale that may raise 121.2 billion rupees ($2.6 billion). Net income in the three months ended Dec. 31 more than doubled to 70.8 billion rupees from [...]
Saturday, January 29th, 2011Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product
Asia fuel oil swaps fell as refiners’ losses from turning crude into residual products widened for the first time in six days. Gasoil’s crack spread, a measure of processing profit, extended a decline. Fuel Oil High-sulfur fuel oil swaps for February dropped $2.25, or 0.4 percent, to $538.50 a metric ton at 11:10 a.m. Singapore [...]
Saturday, January 22nd, 2011Essar Energy Offering Convertible Bonds due 2016
Essar Energy PLC the India-focused integrated energy company, said it has launched an offering of $500 million of Convertible Bonds due 2016, which may be increased by up to $100 million by way of an increase option prior to pricing and by up to $75 million by way of an over-allotment option granted to the [...]
Wednesday, January 19th, 2011