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
'Eight Indian companies in Fortune 500 spend $81 mn/year on CSR'
As many as eight Indian companies in Fortune Global 500 list including Reliance Industries and ONGC spend as much as USD 81 million a year on Corporate Social Responsibility (CSR) activities, a report says.
Jan 18, 2015, 12:28 PM IST
Govt clears 30 oil & gas discoveries for production: Pradhan
Ending months of logjam over discoveries mired in contractual disputes, the government has cleared 30 projects of firms like Cairn India and ONGC to help monetise about 2.6 trillion cubic feet of gas reserves.
Jan 12, 2015, 17:00 PM IST
Major disinvestments before March 31: Arun Jaitley
The government will go for major disinvestment in the next two-and-a-half months and will strive to stick to the fiscal deficit target of 4.1 percent in the current year, Finance Minister Arun Jaitley said on Friday.
Jan 09, 2015, 22:20 PM IST
Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal
Government is likely to exempt ONGC and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates.
Jan 09, 2015, 14:10 PM IST
Govt looks at divestment in oil PSUs, new subsidy sharing way
With disinvestment in ONGC stuck due to subsidy woes, the government is looking at selling stake in other oil PSUs like Oil India Ltd (OIL) and gas utility GAIL India to meet its revenue targets.
Jan 08, 2015, 18:59 PM IST
US firm walks out of OVL's Russia project after US sanctions
OVL, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), in September 2013, roped in Denver-based Liberty Resources to tap Bazhenov shale formations in Siberia.
Jan 06, 2015, 18:56 PM IST
Third phase of MHSRD scheme under 'pre-tendering' stage: Govt
It is part of plans to redevelop the Mumbai High South oil and gas fields, Petroleum and Natural Gas Minister Dharmendra Pradhan said during Question Hour.
Dec 22, 2014, 15:23 PM IST
Oil Ministry says $5.6 bn production loss at PMT fields
Sources said the ministry told PMO that BG and its partners Reliance Industries and ONGC, had initiated arbitration on the issue related to cost recovery limit prescribed in the Production Sharing Contract (PSC).
Dec 21, 2014, 14:46 PM IST
Gujarat HC ruling gives Rs 1,000 cr VAT relief to ONGC
A division bench of Justices Akil Kureshi and V M Pancholi passed the order.
Dec 18, 2014, 23:32 PM IST
PSU OMCs' subsidy burden may fall to Rs 28K-34K cr by FY16: ICRA
The subsidy burden on the public sector upstream firms is likely to drop to Rs 28,000-34,000 crore by FY16, with the gross under recoveries (GURs) expected to decline to Rs 56,000 crore then, rating agency ICRA Research said in a report.
Dec 18, 2014, 21:48 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
Residual stake sale in Hindustan Zinc, Balco unlikely this fiscal
The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target.
Dec 17, 2014, 15:02 PM IST
ONGC to use GSPC's under-sea infrastructure for KG find
State-owned Oil and Natural Gas Corp (ONGC) plans to use Gujarat firm GSPC's undersea infrastructure to bring gas from its KG-basin fields in Bay of Bengal to land.
Dec 14, 2014, 12:33 PM IST
ONGC to pay 100% dividend
Oil and gas major ONGC Saturday approved an interim dividend of 100 percent after its board meeting.
Dec 13, 2014, 21:04 PM IST
Oil stocks continue to slip on falling crude prices
Fall in stock prices of these companies have also weakened their market valuation.
Dec 12, 2014, 19:38 PM IST
Sensex, Nifty fall to 6-week lows; RIL, ONGC slip on crude drop
The 50-issue CNX Nifty of the NSE also plunged by 62.75 points, or 0.75 percent, to end below 8,300-mark for the first time after one and half months at 8,292.90.
Dec 11, 2014, 17:12 PM IST
Sensex snaps 3-day fall, Nifty above 8350 as SBI, ONGC rise
The broad-based 50-issue CNX Nifty of the NSE also recovered by 14.95 points, or 0.18 percent, to end above the 8,350-mark at 8,355.65.
Dec 10, 2014, 19:17 PM IST
