There are unconfirmed reports that the government might ask Oil and Natural Gas Corporation (ONGC) to acquire Hindustan Petroleum Corporation (HPC), as part of an earlier stated aim to create a mega entity in the sector.
India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated public sector oil entity, the Economic Times daily reported on Monday citing top government officials.
The decision by government-run Oil and Natural Gas Corporation (ONGC) to buy stake in Gujarat State Petroleum Corporation’s (GSPC’s) Krishna-Godavari basin block has raised eyebrows, with some seeing it a bail-out for the latter entity.
ONGC Videsh Ltd (OVL) has raised USD 1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second biggest oil field Vankor, its Managing Director Narendra K Verma said.
Oil and Natural Gas Corporation (ONGC) has dipped 2.6% to Rs 304 on the BSE in intra-day trade ahead of the stock go for ex-bonus in the ratio of 1:2. The stock price will factor in the issuance of bonus shares on Thursday, December 15, 2016 to the
The government has initiated a probe into Reliance Industries (RIL) and Oil and Natural Gas Corp (ONGC) having knowledge as early as in 2003 of state-owned firm's natural gas flowing into adjoining fields of RIL in KG (Krishna-Godavari) Basin.
State-owned Oil and Natural Gas Corp (ONGC) will in 2019 begin producing oil from the Ratna and R-Series oilfield in Mumbai offshore, which it won back after the government cancelled award to Essar Oil.
Shares of companies engaged in oil exploration & production related business have rallied by up to 15% on the BSE in intra-day trade as oil prices surge 10% after the Organization of the Petroleum Exporting Countries (OPEC) agrees to cut output for
After a six-year hiatus, the bidding for oil & gas blocks has started with at least 42 companies submitting 120 bids for about 70 per cent area for the Discovered Small Fields Bid Round for oil and gas exploration in India.
The Union government has slapped a $1.55-billion penalty on the Mukesh Ambani-led Reliance Industries Ltd (RIL) for producing state-owned Oil and Natural Gas Corporation’s share of natural gas in the Krishna-Godavari basin, thus setting a
The Gujarat State Petroleum Corporation (GSPC) on Friday denied that its possible buyout by the Oil and Natural Gas Corporation (ONGC) was being forced by the Narendra Modi government to save the Prime Minister.
Government-owned Oil and Natural Gas Corporation (ONGC) reported a 6.3 per cent increase in net profit to Rs 4,975 crore in the September quarter, the second one of this financial year, against Rs 4,681 crore in the same quarter last year.
Oil and Natural Gas Corporation (ONGC) hit a fresh 52-week high of Rs 297, up 2.4% on BSE, after the company announced that the board approved bonus issue in the ratio of 1:2 and an interim dividend of 90%.
Oil and Natural Gas Corporation (ONGC) has moved higher to its fresh 52-week high of Rs 290, up 3.6% on BSE, after the company said the board will meet on Thursday, October 27, to consider bonus issue proposal.
The 18 per cent jump in crude oil prices since January is making some corporate leaders jittery, especially from the aviation, cement and tyre sectors, as their input costs would shoot up substantially.