Last Updated: Tuesday, January 28, 2014, 14:09
The government has ordered Oil and Natural Gas Corp (ONGC) to pay a near-record Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm's profitability.
Last Updated: Thursday, January 16, 2014, 18:26
In the first disinvestment through block deal this fiscal, a ministerial panel Thursday approved selling 10 percent government stake in Indian Oil Corp (IOC) to ONGC and OIL to rake in Rs 4,800-5,000 crore.
Last Updated: Wednesday, January 15, 2014, 21:46
After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Last Updated: Tuesday, January 14, 2014, 00:20
India and other major Iranian oil importing countries have got six months relief from reducing their import after the Islamic Republic agreed to curb parts of its disputed nuclear programme.
Last Updated: Wednesday, January 08, 2014, 14:17
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.
Last Updated: Tuesday, January 07, 2014, 16:33
State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.
Last Updated: Sunday, December 29, 2013, 16:02
According to company sources, a detailed project report (DPR) will be prepared after the study in two districts of Assam where Oil India Ltd (OIL) has significant presence.
Last Updated: Friday, December 27, 2013, 20:00
Days after Petroleum Minister Veerappa Moily took over additional charge of Environment Ministry, a wildlife panel has come down heavily on state-run Oil India Limited (OIL) for violating green norms while laying pipeline through an ecologically sensitive area in Assam.
Last Updated: Tuesday, December 10, 2013, 18:44
Weeks after a historic accord eased restrictions on Iran, a high level Iranian delegation Tuesday discussed with Finance Ministry officials the payment mechanism and shipping arrangements for increased oil trade.
Last Updated: Tuesday, December 10, 2013, 17:42
Indian and Iranian officials are meeting on Tuesday to discuss how to unlock the first oil payments to the Middle Eastern nation since the US and other world powers eased sanctions last month in exchange for curbs to Tehran`s nuclear programme.
Last Updated: Thursday, December 05, 2013, 18:30
State-owned Oil and Natural Gas Corp (ONGC) Thursday said it cannot make new investments needed to arrest falling oil production from ageing fields as its net price realisation has sharply fallen due to subsidy outgo.
Last Updated: Wednesday, December 04, 2013, 21:37
Keen to sell more crude oil to India, Iran's Industry Minister Mohammad Reza Nematzadeh Wednesday sought resolution of payment issues to promote trade between the two nations.
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