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.
Shares of oil & gas companies were trading firm in otherwise range-bound market with Oil and Natural Gas Corporation (ONGC), Petronet LNG and Gail (India) hitting their respective 52-week highs on the BSE in intra-day trade.
With the domestic natural gas price dipping by 51 per cent in 24 months to $2.5 per million British thermal units (mBtu), downstream companies Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) are batting for a floor price of at least $4.2 a
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.
NIFTYCurrent: 8,723 (fut: 8,733),Target: NAStop-loss short positions at 8,805. Stop-long positions at 8,645. Big moves could go till 8,600, 8,855, the key support is at 8,650. A long 8,700p (36), short 8,600p (13), would gain 10-15 if the index
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