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The price of gas between October 1, 2015 and March 31, 2016 was USD 3.81 per mmBtu and USD 4.66 in prior six month period. (Representational image)

Govt nod to RIL, BP acquiring Niko's 10 per cent stake in gas block

RIL is operator of block with 60 per cent interest while BP of UK has the remaining 30 per cent stake.

26 Jan 2018 1:07 PM IST

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

Cabinet delegates powers to oil, finance ministers to award oil blocks

Till now, only the Cabinet headed by Prime Minister had the powers to approve award of an block.

11 April 2018 4:50 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC wins govt nod for Rs 7,738 cr GSPC stake buy

Company will also pay part consideration of Rs 1,295 crore to GSPC towards acquisition rights.

28 July 2017 2:40 PM IST