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ONGC Videsh's crude oil output jumps 26% in 2013-14

ONGC Videsh's crude oil output jumps 26% in 2013-14

Last Updated: Sunday, April 20, 2014, 12:22

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has reported a 26 percent jump in crude oil production in 2013-14 as recent acquisitions offset a natural decline in older fields.

ONGC, Russia's Rosneft may join forces to send oil to India

Last Updated: Tuesday, March 25, 2014, 19:43

Rosneft, the world`s top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corpto supply oil to India over the long term, the Russian state-controlled company said on Tuesday.

D K Sarraf takes over as ONGC Chairman

Last Updated: Saturday, March 01, 2014, 15:09

Dinesh K Sarraf on Saturday took over as the new Chairman and Managing Director of Oil and Natural Gas Corp (ONGC), the nation's most profitable company.

Moily seeks extension for ONGC chief sans CVC clearance

Last Updated: Wednesday, February 26, 2014, 20:44

Vasudeva, who turned 60 yesterday, is due to superannuate on Friday.

Sarraf new ONGC chief, Moily proposal for Vasudeva cast aside

Last Updated: Wednesday, February 26, 2014, 19:43

The Appointments Committee of the Cabinet (ACC) approved appointment of Sarraf, who at present is Managing Director of ONGC's overseas arm, ONGC Videsh Ltd.

ONGC in talks to buy 26% stake in IOC's Ennore LNG terminal

Last Updated: Friday, January 17, 2014, 12:14

State-owned Oil and Natural Gas Corp (ONGC) is in talks to buy a 26 percent stake in Indian Oil Corp's Rs 4,320 crore liquefied natural gas (LNG) import plant at Ennore in Tamil Nadu.

ONGC offers stake in petrochem projects to Kuwait Petroleum

Last Updated: Tuesday, January 14, 2014, 14:56

State-run producer Oil and Natural Gas Corp Ltd is seeking a strategic partnership with Kuwait Petroleum Corp (KPC) in two upcoming petrochemicals projects, its chairman said.

Oil ministry considering partial rollback of price hike in bulk diesel

Last Updated: Thursday, January 09, 2014, 12:43

The oil ministry is considering a partial rollback of bulk diesel prices as sales have dropped significantly, oil secretary Vivek Rae said on Thursday.

ONGC-OIL pay $2.475 bn to Videocon Group

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.

ONGC, Shell buy rest of Brazil offshore block from Petrobras

Last Updated: Tuesday, December 31, 2013, 04:04

Royal Dutch Shell Plc and India`s Oil and Natural Gas Corp (ONGC) purchased the remaining 35 percent of a Brazilian offshore oil block from their partner, Brazil`s state-run Petroleo Brasileiro SA , Shell said in a statement on Monday.

CPSEs to pay rich dividends to government this fiscal

Last Updated: Wednesday, December 25, 2013, 19:47

The assurance comes as a response to the Finance Minister's order that "in no case less dividend compared to 2012-13 will be accepted".

ONGC to appeal in Supreme Court against Gujarat HC order

Last Updated: Tuesday, December 10, 2013, 16:17

Oil and Natural Gas Corp (ONGC) on Tuesday said it would appeal in the Supreme Court against a Gujarat High Court order asking it to pay Rs 10,000 crore in past royalty dues, saying it cannot pay the levy on revenue it hasn't earned.