Last Updated: Wednesday, June 3, 2015, 18:14
In its annual report, the ministry has said domestic gas production will rise from 98.15 mmscmd in 2014-15 to 99.87 mmscmd in the current fiscal.
Last Updated: Tuesday, June 2, 2015, 17:18
The discovery of light oil was made in well 3-SES-189 in BM-SEAL-4 deep water block off the coast of the northern state of Sergipe, Brazil's state-run Petroleo Brasileiro SA (Petrobras) said in a statement.
Last Updated: Tuesday, June 2, 2015, 09:21
Brazil`s state-run Petroleo Brasileiro SA discovered a new deposit of light oil in deep waters off the coast of the northern state of Sergipe, the company said on Monday.
Last Updated: Sunday, May 31, 2015, 12:42
ONGC Videsh Ltd is among the 19 companies and seven groups to have pre-qualified to bid for Mexico's maiden offshore oil blocks auction.
Last Updated: Sunday, May 31, 2015, 12:24
Reliance Industries has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal.
Last Updated: Friday, May 29, 2015, 13:06
The stock slumped 4.51 percent to Rs 313.30 on BSE and was the top Sensex loser. On NSE, the stock went down 4.48 percent to Rs 313.20.
Last Updated: Thursday, May 28, 2015, 18:49
State-owned ONGC Thursday reported 19.5 percent drop in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher operating cost and write-off on dry wells drilled.
Last Updated: Thursday, May 28, 2015, 17:57
The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.
Last Updated: Monday, May 25, 2015, 21:39
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.
Last Updated: Tuesday, May 19, 2015, 16:24
ONGC is slated to begin production in 2019, with a peak output of 4.5 million tonnes a year, 20 percent more than previous estimates.
Last Updated: Monday, May 18, 2015, 18:31
In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.
Last Updated: Sunday, May 17, 2015, 11:59
The government may allow a part of the natural gas produced by firms like ONGC and Reliance Industries from new discoveries to be sold at market price as it looks to boost domestic exploration and production.
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