Shares of private oil exploration companies have rallied on the bourses in an otherwise weak market, after the Cabinet approved auction of 69 small and marginal oil fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India to private and
State-run Oil and Natural Gas Corporation (ONGC), the country's largest exploration and oil producing company, is making the most of the drop in crude oil prices by negotiating service contracts from drilling companies and service providers.
Oil and Natural Gas Corp (ONGC) and its partners will invest about $24 billion in producing natural gas from a giant field off Mozambique and converting it into liquid fuel (LNG) for export by ships to consumers like India.
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