Last Updated: Wednesday, December 18, 2013, 15:37
GAIL India Ltd, the nation's biggest natural gas distributor, has doubled the marketing margin it charges from customers on sale of a small volume of gas sourced from state-owned ONGC.
Last Updated: Thursday, December 12, 2013, 18:29
Oil and Natural Gas Corp (ONGC) Chairman Sudhir Vasudeva and Engineers India Ltd head A K Purwaha have been adjudged the best leaders in public sector companies.
Last Updated: Wednesday, December 11, 2013, 20:07
With its net price realisation plummeting to almost near its cost of oil production, state- owned Oil and Natural Gas Corp (ONGC) Wednesday said it needs a minimum of USD 65 per barrel price to keep investing in oil and gas hunt.
Last Updated: Wednesday, December 11, 2013, 12:49
The BSE-30 share index, Sensex dropped by 151.20 points to 21,104. Similarly, the NSE 50-share Nifty slipped by 45.95 points to 6,287.
Last Updated: Tuesday, December 10, 2013, 23:11
OVL has been evaluating oil and gas exploration and production (E&P) opportunities in Ecuador for last one year.
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.
Last Updated: Friday, December 06, 2013, 13:29
Cairn India Ltd has bid for one oil and gas exploration block in Sri Lanka while ONGC Videsh did not bid for any of the 13 blocks on offer in that country mainly due to poor prospectivity.
Last Updated: Thursday, December 05, 2013, 18:30
State-owned Oil and Natural Gas Corp (ONGC) Thursday said it cannot make new investments needed to arrest falling oil production from ageing fields as its net price realisation has sharply fallen due to subsidy outgo.
Last Updated: Tuesday, December 03, 2013, 11:07
The Gujarat High Court had last week directed ONGC to pay royalty on crude oil on the gross price it bills to refiners. The company currently pays royalty on the net or actual price realised after allowing for fuel subsidy discounts.
Last Updated: Sunday, December 01, 2013, 18:27
According to the Oil Field Act, ONGC is required to pay 20 percent royalty of the market value of crude oil it extracts from oil blocks to the state government.
Last Updated: Wednesday, November 27, 2013, 18:22
With ONGC diversifying into non- core areas like power and fertiliser, Petroleum Secretary Vivek Rae Wednesday said the nation's high profit making PSU should sell its non-core assets and concentrate on increasing oil and gas production.
Last Updated: Tuesday, November 26, 2013, 17:41
Oil and Natural Gas Corporation (ONGC) has warned its output growth and international acquisitions are under "serious threat" due to disproportionate rise in fuel subsidy burden.
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