Budget 2015-16, to be presented in Parliament on Saturday, is likely to be a major positive for upstream oil and gas companies, including Oil and Natural Gas Corporation (ONGC), but might not be a game-changer for downstream firms such as Indian Oil
Shares of oil and gas companies are under pressure with the Oil and Natural Gas Corporation (ONGC) hitting 11-month low on the BSE today.ONGC has dipped 3.5% to Rs 313, its lowest level since March 2014, on BSE.
KG Basin Isolated Wells Consumers Association (KGBICA), an association of gas-based small and medium industries, is opposing ONGC's proposal to re-auction isolated gas wells instead of extending the current gas supply agreements (GSAs).
State-run petroleum explorer Oil and Natural Gas Corporation (ONGC) said it has signed a Memorandum of Understanding with Super Wave Technology (SWTPL) for development of an alternative to hydraulic fracturing or fracking technology that is used to
State-owned petroleum explorer Oil and Natural Gas Corporation (ONGC) has posted a 50 per cent decline in net profit for the quarter ended December 2014 on the back of a historic slump in crude oil prices.
Petroleum Minister Dharmendra Pradhan on Wednesday pitched for early selection and appointment of a leader to head the consortium of companies to build the ambitious cross-country Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.
Shares of state-run ONGC are up over 1% to Rs 356 on the BSE on news that the disinvestment of 5 per cent stake in ONGC is unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy
Oil exploration major ONGC extended its yesterday’s rally of 2.6% on rising crude oil prices. Crude oil extended a rally that has pushed up prices 20% in the past four trading sessions following oil's bottom to near six-year lows.
Top six Sensex companies saw a combined erosion of Rs 57,869.85 crore in their market valuation last week, with Coal India taking the biggest hit.The six companies whose valuation declined include TCS, Infosys, SBI, CIL, ICICI Bank and HUL.
Gail India Limited has clarified there was no plan to shut down its LPG recovery plant at Lakwa in Assam but would convert it to supply feedstock for the petrochemical unit of Brahmaputra Cracker and Polymer Limited (BCPL) being set up at Lepetkata in
State-owned Oil and Natural Gas Corp (ONGC) has arrested the decline in its crude oil output and will for the first time in several years end the fiscal with stable production, its Chairman Dinesh K Sarraf said.
Share-sale offers of public-sector companies like Coal India, Oil and Natural Gas Corp (ONGC), Power Finance Corp (PFC) and Rural Electrification Corp (REC) over the next two months suggest the markets might see some correction in the near term.