ONGC-RIL gas siphoning row: HC disposes of PSU's plea

Last Updated: Thursday, September 10, 2015, 22:22

Delhi High Court today disposed of ONGC's petition accusing RIL of "deliberately disgorging" natural gas worth Rs 30,000 crore from the PSU's well in the Krishna-Godavari (KG) basin, by asking the Centre to take a decision once it gets the report of an expert panel set up to examine the issue.

India should buy overseas assets aggressively: Pradhan

Last Updated: Wednesday, September 9, 2015, 12:43

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

OVL reaps Rs 700-cr gain on Euro bonds issue

Last Updated: Sunday, September 6, 2015, 12:50

ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), has made a gain of about Rs 700 crore on a Euro loan it had raised to finance its Mozambique acquisition.

ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

Last Updated: Friday, September 4, 2015, 10:59

ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.

Oil exploration cos in huge demand; shares rally up to 20%

Last Updated: Wednesday, September 2, 2015, 20:37

Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.

Govt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised

Last Updated: Wednesday, September 2, 2015, 20:36

In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.

Govt to auction 69 oil and gas fields of ONGC, OIL worth Rs 70,000 crore

Last Updated: Wednesday, September 2, 2015, 13:59

The fields hold 89 million tonne of oil and gas resources which are worth Rs 70,000 crore at current prices.

Ease of doing biz: Cos bat for single-window clearance

Last Updated: Monday, August 31, 2015, 23:10

Top companies, including Tata Steel, Hindustan Unilever, ONGC and industry chambers have called for a single window clearance, simplification of regulatory mechanisms and tax structures, among others, to improve ease of doing business in India.

ONGC gets one-year extension for Vietnam block

Last Updated: Thursday, August 27, 2015, 16:03

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

Last Updated: Tuesday, August 25, 2015, 17:59

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.

OVL shortlisted for Mexican oil bid round

Last Updated: Sunday, August 23, 2015, 12:27

According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.