ONGC Q1 net jumps 14% to Rs 5,460 cr on lower fuel subsidy

Last Updated: Thursday, August 13, 2015, 19:09

Net profit in April-June period at Rs 5,460 crore was up 14.2 per cent from Rs 4,782 crore in the year ago quarter.

Iran promises licence to India for developing Farzad gas field

Last Updated: Wednesday, August 12, 2015, 23:41

Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an investment plan, an executive said Wednesday.

Govt to announce new gas price formula for 'difficult fields'

Last Updated: Monday, August 10, 2015, 17:55

Government will "any day" announce a decision to allow market price for part of gas discoveries made in future from difficult fields, Oil Minister Dharmendra Pradhan said Monday.

British oil company investigated for corruption in Somalia

Last Updated: Thursday, August 6, 2015, 22:14

An oil company chaired by a former leader of Britain`s ruling Conservative party is being investigated for alleged corruption in Somalia, claims the company slammed as "defamatory".

HC to decide on Aug 11 bench to hear RIL, Centre pleas

Last Updated: Thursday, August 6, 2015, 22:13

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

IGL Q1 profit down 11% to Rs 102 crore

Last Updated: Wednesday, August 5, 2015, 19:28

Indraprastha Gas Ltd, the sole supplier of CNG and piped cooking gas in the national capital, Wednesday reported 11 percent drop in the June quarter net profit on lower realisation from industrial and commercial users.

10-time jump in FDI in petroleum and gas sector

Last Updated: Monday, August 3, 2015, 15:21

Union Minister Dharmendra Pradhan, while replying to questions, said the government is encouraging foreign investment to supplement domestic investment and technological capabilities.

Production from GSPC fields in KG basin faces delay

Last Updated: Sunday, August 2, 2015, 14:25

Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.

Mahawar takes over as ONGC director

Last Updated: Saturday, August 1, 2015, 19:05

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

IDFC to set aside additional Rs 2.5K cr as special reserve

Last Updated: Friday, July 31, 2015, 20:42

IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.

Infra sector growth slows down to 3% in June

Last Updated: Friday, July 31, 2015, 18:30

The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.

Growth in eight core infra industries rises by 3% in June

Last Updated: Friday, July 31, 2015, 17:35

The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.