ONGC agrees to Cairn being given Rajasthan block extension
In a surprise turn of events, state-owned Oil and Natural Gas Corp (ONGC) has without any condition agreed to its partner Cairn India retaining the prolific Rajasthan oil block beyond the contractual deadline of 2020.
Jan 26, 2015, 19:05 PM IST
ONGC-RIL gas siphoning row: Expert body will not help, says PSU
ONGC has suffered a loss of over Rs 30,000 crore due to alleged siphoning off of natural gas by Reliance Industries Ltd (RIL) from the PSU's well in Krishna- Godavri (KG) basin and appointment of an experts body on the issue "will not help", the state-run oil firm said Wednesday.
Jan 22, 2015, 00:35 AM IST
ONGC signs pact with IITs to develop indigenous technology
India's largest oil producer ONGC has signed an agreement with seven IITs for developing indigenous technologies to enhance exploration and production of hydrocarbons and alternate energy sources.
Jan 20, 2015, 19:08 PM IST
With no takers, GAIL again postpones LNG tender date
Finding no takers for its Rs 42,370 crore tender to hire newly-built LNG ships, state-owned gas utility GAIL India Ltd has for the third time postponed the last date of bidding.
Jan 06, 2015, 19:23 PM IST
Petronet, Shell, Mitsui shortlisted for Bangla LNG terminal
Petronet LNG Ltd, India's biggest importer of liquefied natural gas (LNG), is among five global energy firms that have been shortlisted for setting up an LNG import terminal in Bangladesh.
Dec 28, 2014, 12:57 PM IST
GAIL to pay royalty on RIL gas price
State-owned GAIL India Ltd has been asked to pay royalty on the USD 1.41 per unit it is collecting on natural gas produced from Reliance Industries' eastern offshore KG-D6 fields.
Dec 23, 2014, 16:07 PM IST
ONGC awards 100 mn euro contract to French firm Technip
State-owned Oil and Natural Gas Corp (ONGC) has awarded a Euro 100 million contract to French firm Technip to build an oil and gas terminal at Odalarevu in Andhra Pradesh.
Dec 17, 2014, 22:48 PM IST
India, Russia to explore oil and gas; aim for $30 bn trade
The two sides agreed to step up efforts for enhancing bilateral trade in goods and services and set a target of USD 30 billion by 2025, it said adding "it is expected that the level of mutual investments by then will be over USD 15 billion each way."
Dec 11, 2014, 21:46 PM IST
ONGC Videsh wins oil block in New Zealand
ONGC Videsh Ltd, the overseas investment arm of India's biggest energy explorer, has won an offshore oil and gas block in New Zealand, the first domestic firm in this sector to have made it in that country.
Dec 09, 2014, 19:14 PM IST
ONGC finalises gas sales at $10.10-11.20: Pradhan
State-owned Oil and Natural Gas Corp (ONGC) has finalised sale of gas from its marginal fields at a price of USD 10.10-11.20 a unit, Oil Minister Dharmendra Pradhan said Wednesday.
Nov 26, 2014, 17:47 PM IST
Expert report on ONGC-RIL gas dispute by June: Pradhan
International expert D&M will by June next year submit its report on ONGC's claims of gas from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries, Oil Minister Dharmendra Pradhan has said.
Nov 26, 2014, 17:05 PM IST
Panel probing delay in ONGC KG basin gas find: Pradhan
A panel headed by oil regulator DGH will by December 24 submit its report on the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block, Oil Minister Dharmendra Pradhan said.
Nov 25, 2014, 19:15 PM IST
Fresh guidelines to supersede UPA's policy: Centre to SC on gas pricing
The Rangarajan formula on gas pricing was approved by the previous UPA government. Rangarajan was Chairman, Economic Advisory Council to the then Prime Minister.
Nov 14, 2014, 20:19 PM IST
Vedanta Resources H1 profit down 52% to $26 mn
Vedanta Resources Thursday reported 52 percent decline in its half-yearly profit for the current fiscal at USD 26 million, despite 6 percent revenue growth.
Nov 13, 2014, 15:38 PM IST
OVL profit rises 9.6% to Rs 2,068 cr in Apr-Sept
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Wednesday reported a 9.6 percent rise net profit on the back of surge in oil and gas output.
Nov 12, 2014, 21:10 PM IST
Indian Oil LNG terminal to be ready 2017-18
Oil marketing company Indian Oil Corporation`s (IOC) liquefied natural gas (LNG) terminal near here is expected to go on stream by the third quarter of 2017-18, a top company official said Wednesday.
Nov 12, 2014, 19:44 PM IST
Kuwait to ramp up energy output capacity: Report
Kuwait plans more than USD 40 billion of investment to significantly increase its capacity to produce oil and gas, a top industry official was quoted as saying Tuesday.
Nov 11, 2014, 17:58 PM IST
Govt plans $2.8 bn ONGC stake sale by early Dec: Sources
The government is planning to sell a 5 percent stake in state-run energy explorer Oil and Natural Gas Corpin the last week of November or the first week of December, two sources directly involved in the deal said on Wednesday.
Nov 05, 2014, 17:56 PM IST
Qatar to export gas to sanctions-hit Sudan: Minister
Qatar has agreed to provide sanctions-hit Sudan with natural gas and to boost military cooperation with Khartoum, Sudan's defence minister said after visiting the Gulf state.
Nov 05, 2014, 09:41 AM IST
State should pass on the benefits of fuel price cut to consumers: Minister
The Centre will soon write to the states to bring uniformity in the Value Added Tax (VAT) on oil products so that benefits of price cuts filter down to the masses, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said Monday.
Nov 04, 2014, 00:07 AM IST
