To compete with global oil biggies like BP and Chevron, the government has said that it was planning to merge some 13 state oil firms to create an energy behemoth.
Govt slaps Rs 1000 crore fine on Mukesh Ambani-promoted RIL for drawing ONGC's gas
New Delhi: State-owned ONGC on Monday announced US $5.07 billion investment in its KG basin oil and gas block but the delay on government’s part in approving a higher gas price for difficult areas would
The Russian government has given its go-ahead for ONGC Videsh Ltd.’s deal to buy 15 per cent in the country’s second biggest oil field of Vankor from Rosneft for USD 1.268 billion.
New Delhi: State-owned ONGC has got environmental clearance for drilling 45 development wells and other related infrastructure involving a cost of over Rs 53,000 crore in the Krishna-Godavari basin in Andhra Pradesh."Last week, we gave
Moscow: A deal to allow ONGC Videsh Limited to pick up 15 per cent stake in Russia's second biggest oil field of Vankorneft and three other major pacts between Indian and Russian companies in oil
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved ONGC converting its Rs 5,000 crore loan to subsidiary ONGC Videsh Ltd, into equity.Oil and Natural Gas Corp (ONGC) had extended a loan
New Delhi: The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation (LIC),
Mumbai: The Coast Guard today recovered the body of one of the two pilots who were missing since their Pawan Hans helicopter crashed into the Arabian sea off the Mumbai Coast last week.The Coast Guard
Puri: Police in Kumbharpada, two and a half km from Puri town, have seized 30 human skulls from the residence of an ONGC engineer Khireshwar Sahu, also known as Manu Bhai.Local residents say there are
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has bought a 15 per cent stake in Russia's second-largest oil field from Rosneft for about USD 1.35 billion.ONGC Videsh Ltd, the overseas investment arm of
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a landmark change in India's hydrocarbons exploration regime, sanctioning the auction of 69 small and marginal oil fields of state-owned ONGC and Oil
Delhi: The government has capped the subsidy it will pay on kerosene at Rs 12 per litre while deciding to foot the entire bill on domestic cooking gas, a senior official said. The Finance Ministry will
New Delhi: Reliance Industries has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal.ONGC, which posted
Mumbai: With the results season for 2014-15 drawing to a close, oil refining-to-retail major Reliance Industries Limited has emerged as the top Indian corporate to earn the highest net profit, followed by Tata Consultancy Services
New Delhi: Railways is facing an “existential crisis” because it was systematically ignored for long by favouring the road sector, Railways minister Suresh Prabhu said but ruled out the stock market route by making it
New Delhi: In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra
Surat: At least 12 people were injured when a major fire broke out in an ONGC well near Olpad town in the district during a repair operation. Four of the injured are in a serious
Mumbai: Waking up at the last moment, over 250 companies including from Adani and Essar Groups, appointed women directors to meet the Sebi deadline of Tuesday midnight for having at least one female board member,
New Delhi: Natural gas prices was today cut by about 8 per cent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.Oil Ministry's
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