Petroleum ministry on Wednesday said a transparent mechanism for compensating oil-marketing companies (OMCs) for under-recoveries is need of the hour to maintain their financial health.
The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said today.
Government-owned Oil and Natural Gas Corporation (ONGC) has made fewer new discoveries and acquired only one single oil asset abroad in the present financial year compared with what it
OVL and its partner IPR Mediterranean Exploration have made significant new oilfield discoveries in Block-XXIV located in north-eastern part of Syria, the company said in a statement released on Friday
Venezuelan government-owned oil major, Petroleos De Venezuela, is likely to buy stake in ONGC Mangalore Petrochemicals Ltd, which is promoted by ONGC and MRPL for setting up an aromatic unit in Mangalore SEZ.
Major central public sector enterprises have earmarked a whopping capital expenditure of Rs 2.78 lakh crore in the next fiscal, with petroleum and power companies lining up Rs 1.20 lakh crore investment.
In a volatile session past week, six out of the top-10 firms lost nearly Rs 36,000 crore from their market capitalisation, with private telecom major Bharti Airtel losing the major
Oil and Natural Gas Corp (ONGC) and partners Indian Oil Corp (IOC) and Oil India Ltd (OIL) will invest around USD 2.25 billion initially, in development of a giant
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