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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.

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.

Govt may cut gas price for producers by 20% in October

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.

CAG red-flags $1.6 bn excess cost recovery by RIL

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.

Diesel price cut: Know the new rates in major Indian cities

Diesel price cut: Know the new rates in major Indian cities

Prices of non-branded Diesel in major cities 

Petrol price cut: Know the new rates in major Indian cities

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.

 Petrol price cut by Rs 1.42 per litre, diesel by Rs 2.01 a litre

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.

Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

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.

ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India

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.

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.

Top 8 companies add Rs 57,965 crore in m-cap, HDFC Bank gains most

Top 8 companies add Rs 57,965 crore in m-cap, HDFC Bank gains most

The combined market valuation of eight of the top 10 most valued Indian companies surged by Rs 57,965.56 crore last week amid a positive broader market trend.

 Govt likely to hike kerosene prices by 25 paise a month

Govt likely to hike kerosene prices by 25 paise a month

Government is mulling over a plan to issue a nod to hike kerosene prices by 0.25 paise a litre per month till April 2017

Cooperation in energy, trade major focus of Prime Minister's Africa trip

Cooperation in energy, trade major focus of Prime Minister's Africa trip

Deepening cooperation in areas of hydrocarbons, maritime security, trade and investment, agriculture and food will be major focus of Prime Minister Narendra Modi's five-day visit to four key countries of African continent.

Top 10 Indian public companies among Forbes' Global 2000 List

Top 10 Indian public companies among Forbes' Global 2000 List 

India home to 56 of the world's 2,000 largest public companies: Forbes

India home to 56 of the world's 2,000 largest public companies: Forbes

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes's annual list of the world's 2,000 largest and most powerful public companies, with the US leading the list with 586 companies.

Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

Petrol gets cheaper: Know the latest price list city wise

ONGC gets 25% discount on premium from United India, GIC Re

ONGC gets 25% discount on premium from United India, GIC Re

ONGC's hard bargain with state-run United India Insurance and GIC Re has further brought down its annual renewal premium by almost 25 percent to USD 16 million for both insurance as well as reinsurance covers for its offshore assets valued at USD 34 billion.

ONGC takes over Tapti assets from BG, Reliance Industries

ONGC takes over Tapti assets from BG, Reliance Industries

tate-owned ONGC has taken over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG and will use it to produce gas from its Daman fields.

India offers stakes to UAE in petro projects

India has offered UAE stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.

ONGC gets green nod for Rs 350-cr drilling project in Gujarat

ONGC gets green nod for Rs 350-cr drilling project in Gujarat

 State-owned ONGC has received green nod for its Rs 350-crore project of drilling 22 exploratory wells in NELP-9 blocks located at Banaskantha, Gandhinagar and Ahmedabad districts of Gujarat.