ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.
Sep 15, 2015, 19:41 PM IST
ONGC makes gas find in KG block
ONGC discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.
Sep 15, 2015, 19:37 PM IST
ONGC-RIL gas siphoning row: HC disposes of PSU's plea
Delhi High Court today disposed of ONGC's petition accusing RIL of "deliberately disgorging" natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin, by asking the Centre to take a decision once it gets the report of an expert panel set up to examine the issue.
Sep 10, 2015, 22:22 PM IST
India should buy overseas assets aggressively: Pradhan
Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.
Sep 09, 2015, 12:43 PM IST
ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn
ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.
Sep 04, 2015, 10:59 AM IST
Oil exploration cos in huge demand; shares rally up to 20%
Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.
Sep 02, 2015, 20:37 PM IST
Govt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised
In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.
Sep 02, 2015, 20:36 PM IST
Govt to auction 69 oil and gas fields of ONGC, OIL worth Rs 70,000 crore
The fields hold 89 million tonne of oil and gas resources which are worth Rs 70,000 crore at current prices.
Sep 02, 2015, 13:59 PM IST
Ease of doing biz: Cos bat for single-window clearance
Top companies, including Tata Steel, Hindustan Unilever, ONGC and industry chambers have called for a single window clearance, simplification of regulatory mechanisms and tax structures, among others, to improve ease of doing business in India.
Aug 31, 2015, 23:10 PM IST
ONGC gets one-year extension for Vietnam block
State-owned Oil and Natural Gas Corp (ONGC) today said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.
Aug 27, 2015, 16:03 PM IST
ONGC Q1 net jumps 14% to Rs 5,460 cr on lower fuel subsidy
Net profit in April-June period at Rs 5,460 crore was up 14.2 per cent from Rs 4,782 crore in the year ago quarter.
Aug 13, 2015, 19:09 PM IST
Iran promises licence to India for developing Farzad gas field
Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an investment plan, an executive said Wednesday.
Aug 12, 2015, 23:41 PM IST
Mahawar takes over as ONGC director
Ved Prakash Mahawar on Saturday took over as Director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC).
Aug 01, 2015, 19:05 PM IST
Talks with Kuwait's PIC remain inconclusive: ONGC
State-owned Oil and Natural Gas Corp on Thursday said the talks to sell stake in long-delayed mega petrochemical plant at Dahej in Gujarat to Kuwait's Petrochemical Industries Company (PIC) remain inconclusive.
Jul 30, 2015, 17:05 PM IST
ONGC to invest $8.8 bn in KG oil and gas finds
ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.
Jul 26, 2015, 12:27 PM IST
FinMin mulling transferring stake in divestment-bound oil PSUs
Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.
Jul 20, 2015, 21:31 PM IST
ONGC Videsh loses bid for two oil blocks in Mexico
ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
Jul 17, 2015, 18:23 PM IST
Protest affects ONGC's production in Assam
Production at all oil fields of Oil and Natural Gas Corporation (ONGC) in Assam was affected Monday following a 100-hour 'ONGC bandh' called by All Assam Students Union to press for their various demands.
Jul 13, 2015, 21:52 PM IST
OilMin to remind Finance Ministry on gas price premium soon
The Oil Ministry is putting out a reminder to the Finance Ministry for an early decision on allowing market price for part of the natural gas produced by firms like ONGC and RIL from difficult fields.
Jul 13, 2015, 14:07 PM IST
Oil service firms jostle for India orders amid global spending cuts
State-run Oil and Natural Gas Corp (ONGC) plans to boost its capital spending by more than a fifth to 362.49 billion rupees ($5.7 billion), in stark contrast to analysts` forecasts for energy firms globally to cut spending by a fifth in 2015.
Jul 09, 2015, 10:18 AM IST
