The board of Oil and Natural Gas Corporation is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its K-G basin block into adjoining fields of Reliance Industries.
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The tax department has slapped a service tax demand of over Rs 6,100 crore on ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), highlighting the accounting discrepancies arising out of its overseas investments in oil
The A P Shah panel's recommendation of levying a penalty on Reliance Industries (RIL) for producing gas that migrated from adjoining field of Oil and Natural Gas Corporation has come at a time when its partner Niko Resources is uncertain about funding
Oil and Natural Gas Corporation (ONGC) on Thursday said the Shah panel report on gas migration from its field in the Krishna-Godavari basin to the adjacent one of Reliance Industries had vindicated its stand on the issue.
State-run Oil and Natural Gas Corporation (ONGC) has confirmed it is in talks to acquire a certain portion of the oil and gas assets of Gujarat State Petroleum Corporation in the Krishna-Godavari basin, off the Andhra coast.
State-run Oil and Natural Gas Corporation (ONGC) has posted a 21.1 per cent decline in net profit for the June quarter to Rs 4,233 crore against Rs 5,368 crore in the year-ago period, owing to a drop in production.
A day after the A P Shah committee came out with a report on the migration of gas from Oil and Natural Gas Corporation (ONGC)’s block in the Krishna Godavari basin to the adjacent fields owned by the Mukesh Ambani-led Reliance Industries Ltd (RIL),
The A P Shah committee on Wednesday asked the government to claim “restitution&" from Reliance Industries (RIL) for “the unjust benefit&" it received from the migration of gas from state-run Oil and Natural Gas Corporation’s
A P Shah committee, which was looking into the dispute over transportation of natural gas from ONGCKG base’s blocks in KG basin to the neighbouring fields of Reliance Industries Ltd (RIL), is set to submit its final report on Wednesday.
A report by Justice A P Shah commission confirmed on Wednesday that there was a migration of gas from state-run ONGC's block in Krishna Godavari basin to the adjacent fields owned by Mukesh Ambani-led Reliance Industries Ltd.
The company had to bear a larger share of subsidy due to overstatement of reported crude oil production by inclusion of natural-gas condensate and off-gas (seven per cent of condensate and one per cent of off-gas).
The Oil and Natural Gas Company (ONGC) recently announced 417 engineering and geo-sciences vacancies. Through the recruitment drive, the energy major invites application from interested candidates who have successfully cleared GATE-2016 examination.
Making use of an opportunity thrown up by an exemption from the notified gas price, the government-controlled Oil and Natural Gas Corporation is tendering out natural gas from its two fields. The price for this gas would be market-linked.