ONGC Chairman for fixed tenure of PSU top mgmt, more autonomy

Last Updated: Friday, December 20, 2013, 21:38

"This (fixed tenure) will facilitate a long-term approach and ensure a strategic bent to the company's decisions," he said.

ONGC to appeal against Gujarat High Court order

Last Updated: Tuesday, December 3, 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.

HC asks ONGC to pay royalty dues worth Rs 5K-6K cr to Guj govt

Last Updated: Sunday, December 1, 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.

ONGC to start drilling in Kerala-Konkan coast in Feb 2014

Last Updated: Saturday, November 23, 2013, 20:33

Currently, ONGC is holding two blocks. Drilling will be done in the Kerala-Konkan basin in February next year.

ONGC asked to pay record Rs 13,796 cr subsidy for Q2

Last Updated: Friday, November 1, 2013, 17:41

The Oil Ministry on October 31 issued orders asking upstream oil and gas producers like ONGC and Oil India Ltd (OIL) to give Rs 16,729.74 crore to make up for 47 percent of the Rs 35,328 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene at government controlled rates in second quarter.

Reliance topples ONGC to become top-ranked Indian energy firm

Last Updated: Tuesday, October 29, 2013, 20:35

Billionaire Mukesh Ambani-led RIL improved eight positions to grab the 19th position on the Platts Top 250 Global Energy Company Rankings for 2013.

ONGC interested in Russia's Arctic offshore

Last Updated: Monday, October 21, 2013, 23:03

The two sides will study the possibility of pumping Russian oil and gas by pipeline to India, while agreeing on the significance of supplying Russian liquefied natural gas (LNG) to India.

ONGC' Vasudeva, Cairn's Elango selected for Asia CEO award

Last Updated: Friday, October 11, 2013, 17:46

The award recognizes excellence in energy industry leadership in the Asia-Pacific region.

Oil spill at Uran; ONGC fixes leak in pipeline

Last Updated: Monday, October 7, 2013, 21:00

The Mumbai-Uran Trunk oil pipeline had a small rupture at its termination point last evening, causing an oil spill, a company spokesperson said.

OVL in race to buy massive offshore oil block in Brazil

Last Updated: Friday, September 20, 2013, 21:36

OVL is among the companies that paid a 2 million Brazilian reals (USD 886,014) fee and submitted documents to participate in Brazil's bid round for the massive Libra pre-salt block.

ONGC mulls using RIL infra for gas production

Last Updated: Wednesday, September 11, 2013, 21:38

ONGC wants to see if RIL's KG-D6 gas field gathering and processing facilities in the Bay of Bengal can be used to for producing gas from its G-4 discovery in the Krishna Godavari basin, top company officials said.