Wednesday, May 29, 2024 | Last Update : 01:00 AM IST

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OVL FY19 net profit jumps 71 pc on rise in oil production

Oil production rose to 10.1 million tonnes in 2018-19 from 9.35 million tonnes in the previous year.

24 May 2019 12:17 PM

Vedanta bids for 30 oil and gas blocks

Vedanta had walked away with 41 out of the 55 blocks offered in OALP-I last year.

17 May 2019 6:37 AM

Reliance-BP makes 1st bid for oil block; Vedanta bids for 30, ONGC 20

Official sources said Vedanta, which had walked away with 41 out of the 55 blocks offered in OALP-I last year, bid for 30 areas.

16 May 2019 2:54 PM

HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap

ONGC, India's biggest oil and gas producer, last year completed acquisition of Hindustan Petroleum Corp Ltd for Rs 36,915 crore.

28 Apr 2019 2:15 PM

HPCL ignores ONGC as promoters again

As far as the existing vacancies are concerned in HPCL, the director (finance) has been lying vacant after J Ramaswamy retired on February 28.

22 Apr 2019 1:33 AM


HPCL doesn't see ONGC as promoter, to face real test in selecting directors

In a regulatory filing, HPCL on April 18 listed 'President of India' as its promoter with 'zero' shareholding.

21 Apr 2019 1:29 PM

ONGC arrests fall in oil output from onshore wells, posts higher growth

ONGC produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50 years old.

14 Apr 2019 12:10 PM

ONGC gas output jumps 6.5 per cent to record high in FY19

The growth rate was higher than the global average of 3-4 per cent year-on-year.

01 Apr 2019 3:49 PM

DGH seeks data on ONGC's top 47 fields after rejection of bid to privatise fields

DGH has asked data on its top 47 fields to monitor production and projects to raise output, an official order said.

31 Mar 2019 3:01 PM

India raises gas price for April-September by about 10 pct to USD 3.69/mmBtu: Source

The government will formally announce the revised prices later on Friday, the source said.

29 Mar 2019 2:43 PM


ONGC's Mumbai High, Vasai East came close to being sold, stopped after opposition

The proposal brought before the panel was to boost stagnant output from ageing fields of public sector oil companies.

14 Mar 2019 3:10 PM

Facing revenue shortfall, Govt pushes IOC, ONGC to pay 2nd interim dividend

IOC has called a board meeting on March 19 to consider paying a second interim dividend, ONGC has declined.

14 Mar 2019 9:01 AM

Financial bids for Pawan Hans to be submitted by March 6

Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation.

03 Mar 2019 12:04 PM

REC takeover: PFC to draw Rs 10,000 crore from reserves

The arrangement will appear in the not so distant future, making a noteworthy commitment to the Center's disinvestment kitty for the year.

11 Feb 2019 12:28 PM

India asks firms to expedite efforts to establish shale oil & gas potential

In late 2013, India gave rights to Oil and Natural Gas Corp Ltd to explore for shale oil and gas reserves.

11 Feb 2019 12:06 PM


Govt move to unlock ONGC, OIL gas

Govt's plan to offer PSUs special incentives for natural gas discoveries in difficult, unviable areas will raise natural gas production.

10 Feb 2019 4:04 PM

ONGC gets USD 32 million payment from Venezuela's PDVSA

PDVSA paid about USD 90 million of that but has not paid the rest.

05 Dec 2018 11:26 AM

ONGC ordered to pay Rs 242 crore to Mumbai Port Trust

A sum of Rs 173.69 cr has to be paid to MbPT by ONGC in lieu of wharfage compensation charges since 2013-14.

22 Nov 2018 2:31 PM

ONGC frames strategy for higher output growth

The company has seen almost flat growth in crude oil production in the last five years.

16 Nov 2018 5:05 PM

Govt may sell 149 ONGC fields to private firms

This is the second attempt by the oil ministry to take away some of the fields of ONGC for private and foreign companies.

12 Nov 2018 11:27 AM