Oil And Gas

Oil Industry also plays major role in Indian Econo...

2011-08-24T11:58:20.123+05:30

Oil Industry also plays major role in Indian Economy. In other words we say that effects of Oil Industry we can see on Indian Economy. I know about a company. 100salts are the Base Oil Manufacturers and Base Oil
Suppliers

Very Nice Center

2011-04-10T18:41:32.406+05:30

Very Nice Center

Wow Great post full of information

2011-03-10T22:34:12.708+05:30

Wow Great post full of information

nicely done

2011-01-13T12:56:20.375+05:30

nicely done

2011-01-12T18:27:26.642+05:30

nicely done

With Effect from 9 June 2010 new tarrifs proposed ...

2010-10-20T19:11:01.525+05:30

With Effect from 9 June 2010 new tarrifs proposed by board will prewail .It is Obvious that the new Tarrif Prices are around 40 % higher so the gAIl would be profitting from it.
Regards
Brijesh ojha

Great post!! Thanks for sharing such an wonderful ...

2010-08-18T21:51:48.882+05:30

Great post!! Thanks for sharing such an wonderful information ...

Europe appears to be the next frontier for shale g...

2010-06-11T12:20:02.790+05:30

Europe appears to be the next frontier for shale gas development. Readers with an interest in this emerging area may wish to visit
the Natural Gas for Europe blog
www.naturalgasforeurope.com

Oil snapped five days of losses before a U.S. Ener...

2010-05-18T15:56:51.416+05:30

Oil snapped five days of losses before a U.S. Energy Department report tomorrow that’s forecast to show refinery operating rates increased and gasoline inventories dropped as summer driving season approaches.

pleae send some details on SHALE gas seems very in...

2010-04-23T10:33:35.109+05:30

pleae send some details on SHALE gas seems very interesting

Fantastic blog. Full of useful information for peo...

2010-03-08T21:54:09.091+05:30

Fantastic blog. Full of useful information for people like me. Keep up the good work.

Great information of Oil And Gas fields. its very ...

2010-02-17T13:53:12.427+05:30

Great information of Oil And Gas fields. its very useful information.

Thank you for all the great posts from last year! ...

2010-02-09T12:55:14.630+05:30

Thank you for all the great posts from last year! I look forward to reading your blog, because they are always full of information that I can put to use. Thank you again, and God bless you in 2010.

Dear Utpal, Thanks for your comments. As far as m...

2010-01-22T14:00:22.222+05:30

Dear Utpal,

Thanks for your comments. As far as my personal opinion on LB, I strongly feel that the valuation of LB at $14.5-15 bn is higher. RIL has also reportedly refused to increased its present bid of $13.5 bn. The bid of $13.5 bn seems to be fair to me. In fact, the earlier bid of $10-12 bn seemed more appropriate. As far as funding is concerned, RIL has cash worth $4.8 bn whereas the company has treasury stock worth $8 bn. RIL is looking aggressively for LB and hence even sold the treasury stocks worth more than $2 bn. Therefore, the total cash available with the company has reached nearly $7 bn. Managing remaining $6.5 bn does not seem to be an issue for RIL as the Indian conglomerate has low debt-equity ratio of 0.42x.

LB estimated the average EBITDA (excluding restructuring costs) of $1.9bn in 2009, $1.6bn in 2010 and $2.0bn in 2011. The average EBITDA for these three years at US$1.8bn is significantly lower than pro-forma combined EBITDA of $4.8bn of Basel & Lyondell in 2007. Even at these trough levels, the implied valuation multiples of 5.5-7.5x would be attractive. Therefore, in the long run, the deal seems fairly attractive to me.

However, in the short run, RIL may have to face several challenges. Given the size of LB ($50bn revenue in 2008), compared with RIL ($29bn), acquiring the company may be a very challenging task. Most of LB’s assets are in petrochemicals (the business is likely to endure difficult times in the near to medium term) and moreover most of plants are in high-cost regions. Also, RIL is involved in legal battle with RNRL over the gas row. Hence, cumulatively the issues can create bit of problem in the shorter period. But, overall I am fairly positive about RIL's LB acquisition.

As far the updates are concerned, you can subscribe to our blog to get access to regular updates.

Best Regards

Dear Manav I keep track on all news related to oil...

2010-01-21T22:43:29.859+05:30

Dear Manav
I keep track on all news related to oil and gas and spcialy reliance industries ltd which owns state of the art refinery in Gujrat and also supplier of natural gas from its D6 krishna godavary basin.US COURT has given LB time upto April 15 2010 to restructure itself what do you think will LB be able to manage of its own.Withpresent crude price and its refining margin and gas out put of 60mmcd where does ril stand .I will be pleased to a regular update from you at my email utpal99@ gmail.com
Thanks a lot for your informative blog on oil and gas .

Heating oil is used by the people more than any ty...

2009-12-21T14:56:41.959+05:30

Heating oil is used by the people more than any type of oil. The people use this type of oil for the cooking purposes and thus prepare delicious food stuffs. Due to the extensive use of the heating oil the prices of the oil has also gone very high.
Affordable Gas Prices

Interesting post as for me. It would be great to r...

2009-12-18T17:47:07.719+05:30

Interesting post as for me. It would be great to read something more about this matter. Thnx for giving that info.
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Good point Check out BONTAN OIL AND GAS at http:/...

2009-12-11T20:36:35.551+05:30

Good point Check out BONTAN OIL AND GAS at http://www.bontanoilandgas.com

The proposed acquisition of LyondellBasell by Reli...

2009-11-26T12:12:24.801+05:30

The proposed acquisition of LyondellBasell by Reliance, if it goes through, will be a winning bet for RIL as the company has enough cash reserves to fund the deal, which in turn will further boost its core businesses, say experts

The acquisition would make RIL one of the world’s ...

2009-11-26T12:11:09.565+05:30

The acquisition would make RIL one of the world’s largest petrochemical companies and it will also be able to penetrate developed markets. The acquisition will take RIL higher up the Fortune 500 list, where it is currently ranked 264th. In a statement RIL said that the company is reviewing a number of global opportunities for growth of its core business.

Reliance Industries, the energy-to-retail group, i...

2009-11-26T11:57:41.514+05:30

Reliance Industries, the energy-to-retail group, is India's most valuable brand, according to a study produced by Brand Finance. Reliance never fails to amaze the investor.

RIL had been eyeing Basell (before LB came into ex...

2009-11-24T18:24:41.012+05:30

RIL had been eyeing Basell (before LB came into existence) since quite some time before it was taken over by Access Industries. Valuation-wise, LB is much bigger and comes much cheaper than in the past and with idle cash and low leverage and debt, RIL is in a good position to move in for the kill.

The deal would also help RIL consolidate its petro...

2009-11-24T18:22:38.082+05:30

The deal would also help RIL consolidate its petro-chemical business. LB has many pet-chem facilities in the Middle East — going on-stream from December — that use ethane as feedstock secured at long-term supply contracts of USD 1.2-1.4 per mmbtu. RIL, on the other hand, uses naptha as feedstock, which is much costlier

RIL today is the world’s seventh largest producer ...

2009-11-24T18:14:35.523+05:30

RIL today is the world’s seventh largest producer of polypropelene while LB is its largest producer. Thus, if the deal goes through, RIL would have a global monopoly in polypropelene. LB`s product portfolio also complements that of RIL’s — the former is a large producer of oxy fuels and polyethelene while the latter leads in producing paraxylene, purified terephthalic acid (PTA) and monoethylenglycol (MEG). The Mukesh Ambani company would thus have strength across a diversified portfolio.

what a post. Nice info

2009-11-20T16:04:24.677+05:30

what a post. Nice info