ONGC Videsh gets govt nod to up stake in Russian oil field for $930 mn
ONGC Videsh Ltd (OVL) Wednesday got government nod to raise its stake in Russia's second biggest oil field of Vankor by 11 percent at an investment of USD 930 million.
Oct 05, 2016, 21:32 PM IST
Gas price for industrial use cut by 18%
Price of natural gas, used for generating power, making fertiliser and supplying CNG, was on Friday cut by 18 percent to USD 2.5 per million British thermal unit, fourth reduction in 18 months.
Sep 30, 2016, 18:30 PM IST
Uran 'terror' scare was nothing but a 12-year-old's `prank`
Multiple security agencies launched their hawk-eyed vigil to apprehend the five-or-six masked persons sighted in Uran village by a student.
Sep 29, 2016, 11:20 AM IST
ONGC board vertically split on claiming gas compensation
The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.
Sep 27, 2016, 15:31 PM IST
ONGC Board approves pact to take stake in GSPC gas block
The Board of Oil and Natural Gas Corp (ONGC) at its meeting on September 8 approved signing of an MoU for taking a stake in Gujarat Petroleum Corp Ltd's (GSPC) difficult gas block, sources privy to the development said.
Sep 25, 2016, 14:17 PM IST
Security alert: Search on for 2nd day in Mumbai, Uran; Navy calls off operation
CM Devendra Fadnavis, who was in Pune, said the information about suspicious armed people being spotted in Uran was yet to be corroborated.
Sep 23, 2016, 22:45 PM IST
Mumbai, Uran on high alert: Suspects' sketches released, one heard as saying `We will target ONGC`
A high alert was sounded along the Mumbai coast and adjoining areas yesterday after a group of men were spotted moving suspiciously near a naval base at Uran in Raigad district.
Sep 23, 2016, 09:02 AM IST
OVL slapped with service tax demand of Rs 6,100 crore
The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.
Sep 20, 2016, 14:03 PM IST
ONGC caps uneven flow of gas from its well in East Godavari
ONGC has succeeded in controlling the uneven flow of gas from its well located in Tadikona of Allavaram mandal in East Godavari district of Andhra Pradesh on Saturday.
Sep 10, 2016, 21:03 PM IST
Shah panel submits report on compensation from RIL to ONGC
Justice AP Shah Committee Wednesday submitted a 'comprehensive report' on the compensation Reliance Industries should pay to ONGC for producing state-run firm's gas for the past seven years.
Aug 31, 2016, 16:58 PM IST
ONGC hires consultant to assess reserves in GSPC KG gas block
State-owned ONGC has hired US-based consultant Ryder Scott to assess natural gas reserves in Gujarat State Petroleum Corp's (GSPC) Deendayal block before deciding to buy a stake in it.
Aug 28, 2016, 15:04 PM IST
Shah panel to submit report on ONGC-RIL gas dispute by August 31
Government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.
Aug 10, 2016, 23:29 PM IST
Govt may cut gas price for producers by 20% in October
Natural gas price paid to producers like state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries is likely to fall 20 percent to USD 2.45 in October.
Aug 07, 2016, 16:00 PM IST
CAG red-flags $1.6 bn excess cost recovery by RIL
Government auditor CAG has red- flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.
Aug 02, 2016, 20:11 PM IST
Diesel price cut: Know the new rates in major Indian cities
Prices of non-branded Diesel in major cities
Jul 31, 2016, 19:48 PM IST
Petrol price cut: Know the new rates in major Indian cities
Petrol price was on Sunday cut by Rs 1.42 a litre, the third reduction in rates this month on global cues.
Jul 31, 2016, 19:37 PM IST
Petrol price cut by Rs 1.42 per litre, diesel by Rs 2.01 a litre
Petrol price was on Sunday cut by Rs 1.42 a litre and diesel by Rs 2.01 per litre, the third reduction in rates this month on global cues.
Jul 31, 2016, 18:32 PM IST
Govt open to deliberating on merger of oil firms: Dharmendra Pradhan
Government is open to deliberating on the issue of mega merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.
Jul 31, 2016, 14:47 PM IST
ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India
ONGC will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.
Jul 22, 2016, 10:47 AM IST
Oil PSUs to pay royalty on gross price to producing states
In a bonanza to oil producing states like Assam, the government has ordered state-owned ONGC and Oil India to pay royalty to them on the gross price for crude oil and not the net rate they actually realise.
Jul 18, 2016, 21:45 PM IST
