India and Vietnam stepped up cooperation in the energy sector with ONGC Videsh and PetroVietnam Exploration Production Corporation signing an agreement for exploring three oil blocks, in the shadow of Chinese objections.
In a turnaround, state-owned Oil and Natural Gas Corp (ONGC) has reported a 10% jump in crude oil production from its western offshore fields this fiscal, reversing the downward slide of past few years.
Oil and Natural Gas Corp (ONGC) wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman D K Sarraf told Reuters.
Shares of Oil and Natural Gas Corporation (ONGC) has dipped 3.4% to Rs 397 on National Stock Exchange (NSE) in otherwise firm market, on reports that the government is expected to sell 5% stake in state-owned oil exploration and production company by
The government's disinvestment programme might start with a big issue like that of Coal India Ltd or Oil and Natural Gas Corporation Ltd (ONGC) next month, while stake sales in Steel Authority of India Ltd (SAIL) could be put on hold.
The government is meeting bankers on Monday to discuss a planned share sale in state-run ONGC as it deems the time is right to sell stakes in oil firms following freeing up of diesel pricing, a senior finance ministry official said.
The much-awaited decision on gas prices has finally come. However, production is unlikely to increase in the near term. The decision to raise the price from the current $4.2/mBtu to $5.61/mBtu will impact three of India's upstream companies differently.
India’s domestic gas production is set to rise by two-thirds from 100 million standard cubic metres per day (mscmd) in the current financial year to 163 mscmd, or 59 billion cubic metres (bcm), over the next five years through March 2019.The
ONGC Videsh Limited (ONGC Videsh) and Pemex-Exploracion Y Produccion (PEP), the upstream subsidiary of Pemex, the National Oil Company of Mexico, have entered into a 'Memorandum of Understanding and Cooperation' (MOU) to cooperate in the hydrocarbon
In a bid to pressure India to invest in a Persian Gulf gas field, Iran has put ONGC- discovered Farzad-B gas field on a list of fields it plans to auction citing delays by the Indian firm in its development.