Markets closed the first day of the September series on a strong note tracking gains among the Asian peers on the back of robust US GDP data. Meanwhile, the investors cheer the fading prospects of an early interest rate hike by the US Fed.
Ministry of Petroleum and Natural Gas will soon publish formula for a premium on gas prices."Pricing of gas is a big challenge in India. When we declared the last pricing formula, there we have committed to give additional premium.
Stocks of upstream companies, Oil and Natural Gas Corporation (ONGC), Oil India, and Cairn India (Cairn), have been under consistent pressure from falling crude oil prices. Upstream firms take the first steps to locate, test, and drill for oil and gas.
The markets are facing bloodbath this morning, with the Sensex nosediving by more than 1,100 points and the Nifty plunging below the 8,000 mark due to the rout in Chinese equities, the world’s second largest economy.
State-run Oil and Natural Gas Corporation (ONGC) and its partners, Cairn India and Tata Petrodyne are at loggerheads over the payment of cess and royalty at its CB-OS/2 block in the Gulf of Cambay, off western coast of Gujarat.
Shares of Oil and Natural Gas Corporation (ONGC) have dipped by 3% at Rs 262, their lowest level since October 2013 on the BSE, after the company reported net profit of Rs 5,460 crore for the quarter ended June 30, 2015 (Q1) against an average analyst
The National Green Tribunal Southern Zonal Bench at Chennai has vacated the interim order issued against ONGC's exploration in certain parts of the State, after both the companies has said that they are not involved in any Coal Bed Methane (CBM) gas
The Comptroller and Auditor General (CAG) has pulled up public sector undertakings (PSUs), including Oil and Natural Gas Corporation (ONGC) and the National Textiles Corporation, for non-compliance of procedures and not safeguarding financial interest,
India's upstream public sector oil companies are likely to report stronger earnings on the back of higher crude realisations in the quarter ending June 30, 2015. Downstream refiners, however, could see a moderation in earnings led by weaker refining
ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block in the Bay of Bengal into three clusters to quickly bring them to production, a senior company official said.
The Ministry had on February 23 suspended Shankar following allegations of irregularities in a tender for buying 21 Blowout Preventers (BOP). However, a chargesheet against him could not be filed within the stipulated 90 days.
The lifting of economic sanctions against Iran as a result of the just concluded nuclear deal with six world powers will lead to slide in oil prices and thus augurs well for India, petroleum minister Dharmendra Pradhan has said.