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Modi launches 75 cashless townships across 12 states

Modi launches 75 cashless townships across 12 states

Prime Minister Narendra Modi today launched 75 cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat.

ONGC seeks gas price review; wants floor rate fixed at $4.2

ONGC seeks gas price review; wants floor rate fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

ONGC may acquire HPCL in $6.6 bn deal

ONGC may acquire HPCL in $6.6 bn deal

Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government`s plan to create an integrated public sector oil entity.

ONGC takes $239 million hit from royalty payments

ONGC takes $239 million hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.

ONGC Videsh completes acquisition of 11% additional stake in Russian oil field Vankor

ONGC Videsh completes acquisition of 11% additional stake in Russian oil field Vankor

 ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has completed the acquisition of additional 11 percent interest in Russia's Vankor oilfield, taking its total stake to 26 percent.

ONGC's $5 billion investment plan not to impact its ratings: S&P

ONGC's $5 billion investment plan not to impact its ratings: S&P

Credit rating of state-owned Oil and Natural Gas Corp's (ONGC) will remain unaffected by its decision to invest USD 5 billion in KG basin oil and gas field, Standard & Poor's said today.

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

ONGC $500 million San Cristobal investment deal imminent

Venezuela`s state oil company PDVSA is about to clinch a deal for India`s Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company`s president said on Tuesday.

ONGC down nearly 3% as profit dips

ONGC down nearly 3% as profit dips

 Shares of Oil and Natural Gas Corp (ONGC) today fell by nearly 3 percent as the state-run firm reported a 11 per cent drop in September quarter net profit.

ONGC profit dips 11% on sharp fall in oil prices

Net profit in the July-September quarter at Rs 4,842.02 crore.

RIL regains top slot in Platts global ranking, elbows out ONGC

The company improved its overall ranking to 14 from 22 in 2014.

MRPL plans to set up LNG Terminal at Mangalore port

Mangalore Refinery and Petrochemicals (MRPL) will explore a possibility of setting up a fixed or landbased LNG import terminal at Mangalore port.

 

ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field

ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.

ONGC gets one-year extension for Vietnam block

State-owned Oil and Natural Gas Corp (ONGC) today said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.

OVL seeks exploration licence extension for Vietnam oil block

OVL has applied to the Vietnamese authorities for a third extension of the exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a company official said.

Mahawar takes over as ONGC director

Ved Prakash Mahawar on Saturday took over as Director (Onshore) of state-owned Oil and Natural Gas Corp (ONGC).

Talks with Kuwait's PIC remain inconclusive: ONGC

Talks with Kuwait's PIC remain inconclusive: ONGC

State-owned Oil and Natural Gas Corp on Thursday said the talks to sell stake in long-delayed mega petrochemical plant at Dahej in Gujarat to Kuwait's Petrochemical Industries Company (PIC) remain inconclusive.

ONGC to invest $8.8 bn in KG oil and gas finds

ONGC to invest $8.8 bn in KG oil and gas finds

ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.

Oil Min reinstates Shashi Shankar as ONGC Director

The Oil Ministry has reinstated Shashi Shankar as Director (Technology and Field Services) of Oil and Natural Gas Corp (ONGC) pending an inquiry into alleged irregularities in an unawarded Rs 23 crore tender of 2011.

OVL not to exit Vietnam block despite poor prospectivity

OVL has decided to seek a third extension of exploration licence for Block 128 to maintain India's strategic interest in the South China Sea, a top official said.