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ONGC board vertically split on claiming gas compensation

ONGC board vertically split on claiming gas compensation

 The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

ONGC Board approves pact to take stake in GSPC gas block

ONGC Board approves pact to take stake in GSPC gas block

The Board of Oil and Natural Gas Corp (ONGC) at its meeting on September 8 approved signing of an MoU for taking a stake in Gujarat Petroleum Corp Ltd's (GSPC) difficult gas block, sources privy to the development said.

Security alert: Search on for 2nd day in Mumbai, Uran; Navy calls off operation

Security alert: Search on for 2nd day in Mumbai, Uran; Navy calls off operation

CM Devendra Fadnavis, who was in Pune, said the information about suspicious armed people being spotted in Uran was yet to be corroborated.

Mumbai, Uran on high alert: Suspects' sketches released, one heard as saying `We will target ONGC`

Mumbai, Uran on high alert: Suspects' sketches released, one heard as saying `We will target ONGC`

A high alert was sounded along the Mumbai coast and adjoining areas yesterday after a group of men were spotted moving suspiciously near a naval base at Uran in Raigad district.

OVL slapped with service tax demand of Rs 6,100 crore

The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.

ONGC caps uneven flow of gas from its well in East Godavari

ONGC caps uneven flow of gas from its well in East Godavari

ONGC has succeeded in controlling the uneven flow of gas from its well located in Tadikona of Allavaram mandal in East Godavari district of Andhra Pradesh on Saturday.

Shah panel submits report on compensation from RIL to ONGC

Shah panel submits report on compensation from RIL to ONGC

Justice AP Shah Committee Wednesday submitted a 'comprehensive report' on the compensation Reliance Industries should pay to ONGC for producing state-run firm's gas for the past seven years.

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.