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Latest Articles in ongc

CBI Opens Probe Into Rolls-Royce's Dealings With Three State Firms

In an emailed statement, a Rolls-Royce spokesperson said that the police report related to the use of intermediaries by company’s erstwhile energy business in India, and that no current employee had been involved in those deals.

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ONGC: Striking Oil

Strong fundamentals and foresight have created a longterm success map for ONGC

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Indian State Firms Allowed Private Help With Old Oil, Gas Blocks

India is the world's third-largest oil consumer and buys about 80 per cent of its supplies from abroad. Prime Minister Narendra Modi has set a target to cut India's dependence on foreign oil to 67 per cent by 2022

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ONGC To Reconsider Government Demand To List Exploration Subsidiary, Says Chairman

The government in August had asked India's biggest state-owned oil company to list its subsidiary as part of a drive to sell state-assets to raise funds

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On The High Seas

FY18 was a year of recovery for E&P companies, but the ONGC, stands out in the clutter for its persistent investment in exploration

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ONGC Gets $32 Million Payment From Venezuela's PDVSA

ONGC has a 40 percent stake in Venezuela's San Cristobal project, with PDVSA holding the remainder

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ONGC Ordered To Pay Rs 242 Crore To Mumbai Port Trust

A sum of Rs 173.69 cr has to be paid to MbPT by ONGC in lieu of wharfage compensation charges since 2013-14

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Vedanta Bags 41 Oil Blocks, OIL 9, ONGC 2 In India's Maiden Auction

Vedanta, which had put in bids for all the 55 blocks, won right to explore and produce oil and gas in 41 of them

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India Tells State Oil Firm ONGC To List Overseas Unit

A listing would also help unlock value in the unit by improving its corporate governance and efficiency

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Govt To Move To High Court Against Reliance Arbitration Award, Says Oil Minister

An international arbitration tribunal, by a majority vote last week, held that Reliance could contractually produce and sell any gas that might have migrated from adjoining fields of state-owned ONGC

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ONGC Files Arbitration Claim Against Sudan Over Unpaid Oil Dues

People familiar with the matter in India and Sudan said ONGC had filed a claim for $98.94 million, in what they said was a first for the South Asian nation's top oil and gas explorer against any government

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Asian Oil, Gas Producers Stepping Up Activity After Long Lull

With oil prices back above $60 per barrel and at times flirting with $70 a barrel, oilfield service providers say there is renewed appetite for producers to spend and importers to cut import bills by investing in production

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On Target After Seven Long Years

This year, the government will meet its disinvestment target — highest ever — and how. Next year, to continue the momentum, it’s likely to offload some stake in healthy CPSEs

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India Sees Scope For More Integration Among State Energy Companies

India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility through the integration of state-run oil firms

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Sensex Marks New High; ONGC Leads Gains

ONGC shares jumped as much as 6.3 percent to their highest in nearly a year after the explorer said it would buy a majority stake in state-run refiner HPCL for $5.8 billion, with analysts saying the premium paid was smaller than expected

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