An expansion of discoveries in the KG-D5 block (KG for the Krishna-Godavari basin), higher volume considerations, and an expected delay in the development of Cluster 1 discoveries - all these have prompted Oil and Natural Gas Corporation (ONGC) to shun an
Oil exploration shares such as Reliance Industries and ONGC were trading marginally in an otherwise weak market after the government announced a policy for development of oil and gas discoveries.There are three options to choose from.
The Union cabinet chaired by Prime Minister Narendra Modi today approved a new policy on testing requirement for discoveries in oil and gas blocks awarded under the New Exploration and Licensing Policy (NELP).
The Cabinet Committee on Economic Affairs (CCEA) today approved a policy to allow development of a dozen contentious natural gas discoveries of Reliance Industries and ONGC worth Rs one lakh crore at current prices.
The Union government's recent decision to revise guidelines for pricing of natural gas produced from small isolated fields across the country has obviated the need for small and medium enterprises (SMEs) to participate in bidding to buy natural gas, said
K Nandakumar, 50, joined the Oil and Natural Gas Corporation (ONGC) as a security guard in Puducherry when he was 25. After serving for 25 years, it is only now that he is set to become a permanent employee of India's largest exploration and production
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra said today.
Oil and Natural Gas Corporation will take over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries (RIL) and BG after the output dropping to zero.
State-owned Oil and Natural Gas on Sunday said it has called the globally renowned oil and gas blowout control experts Boots & Coots from US to contain fire at a gas well near Surat in which 12 persons were injured.
Oil and Natural Gas Corp has agreed to take over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG once output falls to zero.
With crude oil prices falling from $106 a barrel in March 2014 to below $60, 2014-15 could have been a dream year for oil companies in India, which, buried under a subsidy dole, are unable to perform well.