Two years after Oil and Natural Gas Corporation (ONGC), with its consortium partners Bharat Petroleum Corporation Limited (BPCL) and Japanese conglomerate Mitsui, signed a memorandum of understanding (MoU) to set up a regasification liquefied natural gas
The The Delhi High Court last week disposed of a petition by Oil and Natural Gas Corporation (ONGC) in a case where the state-run explorer had alleged natural gas from two of its blocks in the KG Basin off the Andhra coast – KG-DWN-98/2 and
About a third of the 69 small and marginal oil and gas fields that the government plans to auction to private firms are in Mumbai offshore and the biggest of these holds about 15 million tonnes of oil reserves.
The Delhi High Court on Thursday disposed of Oil and Natural Gas Corporation’s (ONGC) petition accusing Reliance Industries Ltd (RIL) of “deliberately disgorging&" natural gas worth Rs 30,000 crore from the PSU’s well in the
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.