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Latest Articles in ongc

ONGC Seeking Oil Assets In Other Regions Amid Iran Gas Row

ONGC Videsh is targeting production of 60 million tonnes of oil and gas by 2030 from 12.80 million tonnes in 2016-17

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Give Private Firms Stake In ONGC Fields: CEOs Of Oilcos To PM

Over a 3-hour long meeting, the CEOs also suggested including natural gas and electricity in the Goods and Services Tax (GST) regime to make these competitive

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ONGC May Sell IOC Stake To LIC To Fund HPCL Acquisition

The acquisition of 51.11 per cent government stake in HPCL will be funded through a combination of market borrowing and selling some stake in IOC and GAIL

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ONGC Gets Green Nod For Rs 456 Crore Drilling Project In Assam

The company's proposal is to drill 10 wells in the petroleum lease areas -- Rudrasagar, Geleki, Lakwa, Namti, Mekypore, Santak Nazira -- of Sivasagar district

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Govt Raises Natural Gas Price By 16.5pc To USD 2.89 MmBtu

As per the new gas pricing formula approved by the NDA- government in October 2014, gas prices are to be revised every six months

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India Raises Price Of Locally-produced Natural Gas To $2.89 mmbtu

India has also set the ceiling price for gas to be produced from difficult fields at $6.30 per mmBtu for the six months to March 2018 compared with $5.56/mmBtu for the April 2017 to September 2017 period

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ONGC May Sell IOC, GAIL Stakes To Fund HPCL Acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at today's market price is worth about Rs 26,600 crore. It has another 4.87 per cent stake in GAIL India Ltd, worth Rs 1,637 crore

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Shashi Shankar Appointed CMD of ONGC

Shashi Shankar will replace Dinesh K Sarraf, who retires on September 30, upon attaining superannuation

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ONGC To Acquire HPCL In Bulk Or Block Deal In November-December

The government's transaction advisor JM Financial and legal consultant Cyril Amarchand Mangaldas is preparing Information Memorandum (IM) on Hindustan Petroleum Corporation Ltd (HPCL) with India's largest oil and gas producer, ONGC, in the next 7-10 days

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Liquidity Worries Haunt Stocks, Sensex, Nifty Stay Soft

The mood at the outset was one of bullishness, given a gap-up opening, but bears took charge during the last half an hour of trade

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ONGC Strikes 'Good' Offshore Oil, Gas Find

ONGC informed the Directorate General of Hydrocarbons (DGH), the upstream advisory arm of the federal oil ministry, about the latest discovery earlier this month

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HPCL Prepares Rs 7,110 Crore Business Growth Investment Plans In FY18

With a huge potential of growth amidst rising energy demand and due to low per capita consumption base, the oil and gas sector is poised for an exciting and challenging future

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Government Tweaks HPCL Sale Terms To Avoid 'Open Offer'

The Department of Investment and Public Asset Management (DIPAM) had on July 21 used the same formulation to invite expression of interest from investment and merchant bankers to manage the transaction

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ONGC Seeks Market Freedom To Open India's 8th Sedimentary Basin

ONGC, which has opened for commercial production six out of India's seven producing basins, has made a significant natural gas discovery in the Gulf of Kutch of Gujarat coast

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ONGC Wins Govt Nod For Rs 7,738 Crore GSPC Stake Buy

ONGC had in December last year agreed to buy entire 80 per cent interest of GSPC along with operatorship rights

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