Government is likely to exempt oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter ending March 31, a senior Petroleum Ministry official said
Following a request made by West Godavari district administration, the Rajahmundry Asset of ONGC lifted water from the Godavari River and released it into the canal to save the standing
The Oil Ministry has asked sectoral regulator DGH to renegotiate fiscal terms of Cairn India's Rajasthan oil block before its licence can be extended beyond the contractual period.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is in talks to acquire stake in two Siberian oilfields, Oil Minister Dharmendra Pradhan said today.
State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.
Moving ahead with the 5 per cent disinvestment in ONGC, which may fetch the exchequer over Rs 17,000 crore, the Finance Ministry has appointed 5 merchant bankers including Citigroup and
ONGC has completed drilling of six exploratory wells so far, out of its target of 36 for this year, a top executive said here today.
"We have a target of
State-run gas utility GAIL India Ltd will cut its equity stake in ONGC's mega petrochem project at Dahej to 11. 6% as project faces major cost overrun
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William D. Green
Chairman & CEO, Accenture