FinMin hopeful of good response to future PSUs stake sale
Encouraged by the good response to the stake sale in SAIL, the Finance Ministry on Wednesday hoped that the momentum will continue and future stake sale of PSUs would be lapped up by investors.
Dec 10, 2014, 14:28 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's subsidy burden being cut
The government plans to sell 5 percent stake in ONGC worth about $2.5 billion as part of its divestment programme.
Dec 08, 2014, 19:12 PM IST
Oil Ministry to cut subsidy burden of ONGC, adjust its cess payment
The move to lessen the subsidy burden will give a flip to government's plan to sell 5 percent stake in Oil and Natural Gas Corp (ONGC) to garner about Rs 17,000 crore.
Dec 08, 2014, 13:58 PM IST
ONGC to spend Rs 16,200 cr to drill 45 wells in KG-Basin
The oil and gas major has approached the Ministry of Environment and Forests seeking clearance for preparing terms of References, according to the minutes of meeting of Expert Appraisal Committee.
Dec 07, 2014, 10:42 AM IST
ONGC to acquire stake in two Siberian oilfields
OVL is interested in expanding its presence in Russia as it looks to source one million barrels per day of oil and oil-equivalent gas from Russia.
Dec 04, 2014, 14:39 PM IST
No exemption to ONGC from fuel subsidy payout: Pradhan
The government is not considering exempting state-owned Oil and Natural Gas Corp (ONGC) from payment of fuel subsidy, Oil Minister Dharmendra Pradhan said Wednesday.
Dec 03, 2014, 21:36 PM IST
ONGC targets to start production by mid-2018 from KG-D5 block
State-owned Oil and Natural Gas Corp (ONGC) is targeting mid-2018 for start of natural gas production from its Krishna Godavari basin KG-D5 block, Oil Minister Dharmendra Pradhan said Monday.
Dec 01, 2014, 21:17 PM IST
ONGC lines up USD 3 bn investment in Mozambique
While the Mozambique cabinet has approved the decree law, it is awaiting Parliament nod, sources said.
Nov 28, 2014, 18:32 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
CIL, ONGC disinvestment likely to be in 2 tranches
Government is planning to offload a part of its stake in Coal India and ONGC in two tranches to get a fair value of the equity, official sources said.
Nov 25, 2014, 22:11 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
ONGC to invest Rs 10,600 crore in western offshore fields
The Mumbai High South Redevelopment (Phase-III) "will lead to incremental gain of 7.547 million tonne crude oil and 3.864 billion cubic meter gas by 2030," it said.
Nov 16, 2014, 11:41 AM IST
ONGC net drops 10% on oil price slump
State-owned Oil and Natural Gas Corp (ONGC) today reported a sharp 10 percent drop in its July-September net profit, the first decline in five quarters, after global oil prices slumped.
Nov 14, 2014, 20:30 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
ONGC disinvestment roadshows from Nov 17
The roadshows will end by last week of November and the stake sale can happen immediately after that or in the first half of December.
Nov 06, 2014, 16:55 PM IST
ONGC Videsh eyes stake in Tullow Oil''s Africa assets; Source
ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, is looking to buy a stake in the assets of Africa-focused exploration company Tullow Oil Plc, a source with direct knowledge of matter said.
Nov 06, 2014, 15:48 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
ONGC topples RIL to become highest ranked Indian energy firm
RIL, India's largest private firm, slipped from 19th rank in 2013 to 22nd in this year's ranking, according to Platts.
Oct 29, 2014, 16:14 PM IST
