• Tag results for ONGC

IIT, ONGC sign MoU to reduce running cost

The existing offshore platforms in Mumbai have been operational for more than three decades.

published on : 20th September 2018

Government to appeal against arbitration panel rejecting its USD 1.5 billion claim against Reliance

Reliance on November 11, 2016, slapped an arbitration notice disputing the claim.

published on : 16th September 2018

ONGC repays a third of loan taken to buy HPCL

ONGC had borrowed Rs 24,881 crores on a short-term loan to fund buying the government's 51.11 per cent stake in HPCL.

published on : 19th August 2018

Government notifies incentives to oil PSUs in pre-NELP blocks 

Till now ONGC and OIL had to pay 100 per cent royalty and cess tax on 11 pre-New Exploration Licensing Policy (NELP) fields that were given to private firms prior to 1999.

published on : 15th August 2018

Hindustan Petroleum digs in heels, says acting as per statute in not recognising ONGC as promoter

Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore.

published on : 9th August 2018

India to appeal arbitration ruling on Reliance-ONGC dispute

India will appeal against a ruling by an international tribunal in favour of Reliance Industries Ltd and its international partners in a dispute over gas migration.

published on : 3rd August 2018

ONGC first-quarter profit up 58 per cent to Rs 6,144 crore

Analysts on average had expected ONGC to post a standalone profit of 66.43 billion rupees, according to Thomson Reuters.

published on : 2nd August 2018

Government to appeal against arbitration panel rejecting its USD 1.5 billion claim against Reliance

A three-member international arbitration tribunal by a majority vote held that Reliance could contractually produce and sell any gas that might have migrated from adjoining fields.

published on : 1st August 2018

Government moves Delhi HC to recover USD 3.8 billion from Reliance, Shell and ONGC

Reliance Industries and Shell initiated proceedings under English Arbitration Act 1996 to challenge the arbitration award before the English Commercial Court in November 2016.

published on : 25th July 2018

ONGC board approves exiting Pawan Hans, to sell 49 per cent stake

Oil and Natural Gas Corp wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, officials say.

published on : 18th July 2018

ONGC pushes back KG gas production target date to end 2019; oil delayed by a year 

ONGC Board had on March 28, 2016, approved investing USD 5.07 billion in bringing to production a cluster of discoveries in the Bay of Bengal and the first gas was expected by December 2019.

published on : 8th July 2018

ONGC gets board nod to explore restructuring

The move by the board is largely in line with the Union Budget announcement made in February to create a public sector oil major.

published on : 3rd July 2018

ONGC board gives nod to explore group restructuring options

While MRPL operates a 15 million tonnes a year refinery at Mangalore in Karnataka, HPCL has two refineries at Mumbai and Vizag.

published on : 2nd July 2018

CBI books officials of ONGC in Rs 80-crore scam case

The officials had awarded the contract to Deep Industries by overlooking the guidelines of the public sector undertaking and the fact that the company was ineligible due to technical deficiencies.

published on : 1st June 2018

ONGC nominates one director on HPCL board; wants common government director

The sources said ONGC wants the one government nominee director on HPCL board to be the same person as on its board.

published on : 29th May 2018
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