Tag: Oil and Natural Gas Corporation

ONGC takes leaf out of Reliance’s book, floats subsidiary to buy own gas – Times of India

NEW DELHI: Taking a leaf out of Reliance Industries Ltd's playbook, state-owned Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for...

Government, ONGC yet again offer their entire stake for divestment in Pawan Hans – Times of India

NEW DELHI: The government has yet again begun to process to divest Pawan Hans Ltd (PHL) after several unsuccessful attempts in the past. The...

New e-bidding norms: Reliance, others don’t need government nod for gas pricing – Times of India

NEW DELHI: Reliance Industries and other producers of natural gas will no longer need the government approval for the gas price if it is...

Oil firms need to bring in foreign players to unlock resources: Dharmendra Pradhan – Times of India

NEW DELHI: Oil minister Dharmendra Pradhan asked exploration companies to consider farming out their acreages to global players with advanced technology to expedite development...

ONGC books Rs 1,238 cr impairment loss, Q2 net profit down 55% – Times of India

NEW DELHI: India's top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to...

India set to lose Farzad-B gas field in Iran: Sources – Times of India

NEW DELHI: India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic...

Oil ministry wants PSUs to build 50,000 houses for renting to migrant workers – Times of India

NEW DELHI: The petroleum ministry has asked oil PSUs such as Indian Oil Corp (IOC) to build 50,000 houses for renting to migrant workers...

ONGC expects Rs 7,000 crore loss on low gas price but will not cut capital expenditure – Times of India

NEW DELHI: Flagship explorer ONGC expects to lose up to Rs 7,000 crore from gas business in the current fiscal as the price under...

ONGC sees Rs 6,000-7,000 crore loss on gas business – Times of India

NEW DELHI: India's top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the...

Government allows gas marketing freedom – Times of India

NEW DELHI: The government on Wednesday allowed complete marketing freedom for natural gas produced from non-regulated fields, including sale to affiliate companies. The Union...

CAG slams government’s strategic sale of one PSU to another – Times of India

NEW DELHI: The Comptroller and Auditor General (CAG) has red flagged the government’s “disinvestment” programme involving the “strategic sale” of one public sector undertaking...

Sensex rallies over 500 points in early trade; RIL jumps over 2% – Times of India

MUMBAI: The BSE benchmark Sensex rallied over 500 points in early trade on Monday driven by gains in index-heavyweights HDFC twins, Reliance Industries and...

Govt set to overhaul PSU appointments – Times of India

NEW DELHI: After the reforms at state-run banks, the government is set to overhaul the appointments of public sector chiefs and functional directors and...

Lockdown Curbs Ease But Business Activity Remains Sporadic

New Delhi: India on Monday started a staggered exit from...

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