can-ongc-hindustan-petroleum-create-value-through-integration.jpg

Can ONGC, Hindustan Petroleum Create Value Through Integration?

HPCL owns India’s biggest lubricants unit and the second-largest pipeline network of more than 3,000 kilometers (1,864 miles).Under the plan for the ONGC- HPCL integration, the exploration business of ONGC would be integrated with HPCL’s refining and distribution capabilities, Economic Times reports. “The government is looking at creating an integrated oil company and the idea is to merge an oil producer with a refiner”, a top source said yesterday. Yet another option before the government is to merge HPCL with ONGC while keeping BPCL as a separate entity. Third-Party iPhone Screen Repair No Longer Voids Warranty, Apple Says
It’s much cheaper to take your device to a third-party repairer, or to just buy new a display off of eBay and fit it yourself. Apple has made a behind-the-scenes change to its views on third-party screen fix . ONGC is expanding operations in the exploration field as well and the company’s board has recently approved investment of Rs7,327 crore in four projects.While they sought to play it down, they also pointed out to the fact that the government had already announced the creation of an integrated oil company.While the ONGC was up 0.56% at Rs 196.75, HPCL was down 0.53% at Rs 567.95. Oculus Rift Price Drop: VR Headset System, Touch Controllers Now $200 Cheaper
The price cut comes as higher-end VR companies try to bring the technology out of the niche and into the mainstream. Oculus is also selling additional room scale sensors for $59, down from their original price of $79. The government now owns 68.93 per cent in ONGC, and 51.11 percent stake in HPCL.If the deal goes through, ONGC may buy the government’s complete 51.11% holding.India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said in the budget speech on February 1, as the world’s third largest oil consumer looks to better compete with global majors in acquiring foreign assets. Zinke Confirmed as Secretary of the Interior With Bipartisan Support
Ryan Zinke, a Republican congressman from Montana, was confirmed by the Senate on Wednesday to head the Department of Interior. The congressman will reportedly resign his House seat before his official swearing in as the next Secretary of the Interior. More than 12 years after a proposal to merge oil PSUs was first mooted by the then oil minister Mani Shankar Aiyar, Jaitley in his Budget for 2017-18 proposed to “create an integrated public sector “oil major” which will be able to match the performance of worldwide and domestic private sector oil and gas companies”.