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BP chief pitches for 'appropriate' pricing for gas projects

Last Updated: Wednesday, July 15, 2015, 15:22

Unlike past when he was accompanied by Mukesh Ambani, head of Reliance Industries -- BP's partner in India, Dudley met Modi yesterday alongwith his India head Sashi Mukundan.

'Iran N-deal may revive long-pending gas pipelines to India'

Last Updated: Tuesday, July 14, 2015, 22:54

The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said Tuesday.

Protest affects ONGC's production in Assam

Last Updated: Monday, July 13, 2015, 21:52

Production at all oil fields of Oil and Natural Gas Corporation (ONGC) in Assam was affected Monday following a 100-hour 'ONGC bandh' called by All Assam Students Union to press for their various demands.

IGL raises stake in MGNL to 50%

Last Updated: Monday, July 13, 2015, 11:14

Earlier this year, IGL acquired 4.75 crore shares in MNGL in the first tranche at a price of Rs 38 from certain financial investor shareholders of MNGL.

OVL not to exit Vietnam block despite poor prospectivity

Last Updated: Sunday, July 12, 2015, 12:26

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.

PM Modi for early operation of TAPI; India, Turkmenistan ink 7 pacts

Last Updated: Saturday, July 11, 2015, 16:44

The TAPI gas project is an over 1,800-km pipeline with design capacity to supply 3.2 billion cubic feet of natural gas per annum from Turkmenistan to Afghanistan, Pakistan and India.

ONGC to cut gas production by 40%

Last Updated: Friday, July 3, 2015, 17:18

The company plans to carry out repair work on the 42-inch pipeline that carries natural gas from the Bassein field to Hazira, from July 7 to 27.

Qatar vast gas reserves 'to last 138 years': Report

Last Updated: Sunday, June 21, 2015, 23:09

Qatar's gas reserves are so vast it can maintain production at current rates for another 138 years, according to an official report published Sunday.

ONGC Videsh gets parent backing for spending allowance hike

Last Updated: Friday, June 19, 2015, 00:01

State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.

ONGC Videsh to invest $400 mn in Kazakhstan

Last Updated: Wednesday, June 17, 2015, 19:43

ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.

ONGC Videsh seeks financial autonomy to invest $1 billion

Last Updated: Wednesday, June 17, 2015, 16:51

ONGC Videsh Ltd has sought greater financial autonomy to decide on investments of up to USD 1 billion (about Rs 6,400 crore) without government nod to speed up acquisition of overseas oil and gas fields.

Finance Ministry returns Oil Ministry's gas price premium proposal

Last Updated: Tuesday, June 9, 2015, 12:22

Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.