Oil and Natural Gas Corporation Ltd (ONGC.NS)
28 Aug 2015
NEW DELHI - ONGC Videsh, the overseas investment arm of explorer Oil and Natural Gas Corp , this month submitted a revised proposal seeking the development rights of Iran's giant gas field Farzad B, its managing director said on Monday.
RIO DE JANEIRO - Brazil's National Petroleum Agency (ANP) ruled that Royal Dutch Shell and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output.
SINGAPORE - Indian refiner Bharat Petroleum Corp Ltd is set to import a rare cargo of Sokol crude from Russia's Far East as it takes advantage of a regional glut to secure cheaper oil.
SINGAPORE/NEW DELHI - Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices that has driven most countries to slash spending on exploration and production.
NEW DELHI - India took a step toward selling minority stakes in eight state-run companies including Oil India Ltd and power generator NTPC on Friday, part of a drive to sell off $11 billion of government assets this fiscal year.
NEW DELHI - ONGC Videsh is withdrawing from the Poco-Verde area in the Sergipe-Alagoas offshore basin where Brazil's state-run Petroleo Brasileiro SA recently discovered a new light oil deposit, the company said in a statement on Thursday.
MUMBAI - The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.
MUMBAI - The BSE Sensex and Nifty closed slightly lower on Tuesday as investors booked profits on blue chips such as Tata Motors Ltd and Oil and Natural Gas Corp after two sessions of gains.
NEW DELHI - India on Wednesday eased rules on testing gas finds, which will help Oil and Natural Gas Corp and Reliance Industries unlock reserves of about 90 billion cubic metres worth 1 trillion rupees ($15.8 billion), a government statement said.
NEW DELHI - India is likely to delay share sales in state-run oil firms ONGC and Indian Oil Corp by up to six months as low crude oil prices have hit their value, denting the chances of raising about $11 billion from such sales this financial year, two government sources said.