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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.

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

FinMin lines up 16 PSUs including ONGC, Oil India and Coal India for disinvestment

Finance Ministry has drawn up a list of 16 PSUs including ONGC, Oil India and Coal India for disinvestment in 2016-17 which could fetch the exchequer Rs 40,000 crore at current stock value.

Natural gas prices cut by 20%; CNG, cooking gas to be cheaper

Natural gas prices cut by 20%; CNG, cooking gas to be cheaper

Price of natural gas produced from existing fields of state-owned ONGC and Reliance Industries has been cut to USD 3.06 per million British thermal unit with effect from Friday, an oil ministry official said.

Reliance Defence delivers vessel part of Rs 700 crore contract

Reliance Defence delivers vessel part of Rs 700 crore contract

 Billionaire Anil Ambani Group firm Reliance Defence and Engineering Ltd has delivered seventh offshore supply vessel (OSV) to state-owned Oil and Natural Gas Corp (ONGC).

ONGC to invest $5 billion to develop KG basin oil and gas block

ONGC to invest $5 billion to develop KG basin oil and gas block

State-owned ONGC on Monday announced USD 5.07 billion investment in its KG basin oil and gas block but the delay on government's part in approving a higher gas price for difficult areas would mean the output would be delayed by one year to 2019-20

Russia clears ONGC''s $1.3 billion Vankor stake deal

Russia clears ONGC''s $1.3 billion Vankor stake deal

Vankor, launched in 2009, produces around 440,000 barrels per day. The field is a source of Russian oil supply to China.

RIL, ONGC gas dispute: Shah panel tenure extended to July end

RIL, ONGC gas dispute: Shah panel tenure extended to July end

Government has extended by three months 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 extends tenure of Shah Committee looking into ONGC-RIL gas dispute

Govt extends tenure of Shah Committee looking into ONGC-RIL gas dispute

Government on Tuesday extended tenure of Shah Committee looking into ONGC-RIL gas dispute by three months to July 31.

 

Oil Minister Dharmendra Pradhan to visit Iran on April 6-7

Oil Minister Dharmendra Pradhan to visit Iran on April 6-7

Accompanied by ONGC Videsh Ltd Managing Director Narendra K Verma and Indian Oil Corp (IOC) Chairman B Ashok, Pradhan's visit is aimed at engaging with leadership of the oil and gas rich nation that has just come out of international sanctions.