Indian oil companies plan LNG terminal in Mozambique

ONGC Videsh Ltd, BPCL and HPCL will invest USD 20 billion in constructing a gas liquefaction and export terminal in Mozambique.

published on : 20th June 2019

Production, prices to drive ONGC stock as debt, subsidy concerns ease

Net oil price realization per barrel improved to $68.19 from $55.19 in the previous year, though the fourth quarter realization was at $64.27.

published on : 6th June 2019

ONGC topples Indian Oil Corporation to regain most profitable PSU tag

India's top oil and gas producer reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

published on : 3rd June 2019

ONGC evacuates nearly 500 employees before cyclone Fani makes landfall 

Operations at Paradip port in Odisha and Visakhapatnam in Andhra Pradesh have been shut and ships have been ordered to move out to sea to avoid damage.

published on : 2nd May 2019

Pawan Hans Ltd: Brighter future from tough past?

As for its fleet, a majority of its choppers have been operating for over 30 years and incur a very high maintenance cost.

published on : 2nd May 2019

CPM urges Central govt to scrap hydrocarbon project in delta districts

The CPM has urged the Central government to take steps to scrap the hydrocarbon project in the Delta districts. 

published on : 29th April 2019

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

Sources said HPCL has not yet come up with a concrete proposal for acquiring MRPL and has been talking about the deal mostly through the Oil Ministry and the media.

published on : 28th April 2019

Central PSUs set to go on a hiring spree this year

Besides, the railways, the country’s largest employer, will be hiring around 1.27 lakh people in 2019.

published on : 25th April 2019

Nod for ONGC opposed

The PMK has condemned the Union Environment and Forest department for granting permission for a study to be conducted to identify the hydrocarbon resources at 40 locations in Cuddalore and Nagapattina

published on : 23rd April 2019

Centre grants ONGC Terms of Reference to dig 40 hydrocarbon wells

After completion, scheme will help irrigate hundreds of acres of land, say officials

published on : 22nd April 2019

341 hydrocarbon wells to be drilled in Tamil Nadu by Vedanta and ONGC?

While ecologists express concerns over environmental impacts, companies said that all safeguards will be taken.

published on : 12th April 2019

Indian Oil pays out second interim dividend, ONGC likely to follow suit

IOC said that its board at a meeting on Tuesday approved the payment of Rs 1.50 per share of 15 per cent in a second interim dividend for 2018-19 to its shareholders.

published on : 21st March 2019

ONGC's Mumbai High, Vasai East oil fields sale stopped after opposition

Though ONGC themselves opposed the idea of sale,  some in government were not convinced by the incremental potential toyed to get the proposal through.

published on : 14th March 2019

Government pushes Indian Oil and ONGC to pay second interim dividend following revenue shortfall

Though Indian Oil is said to take a decision following a board meeting, ONGC has declined saying it does not have surplus cash to make such payments.

published on : 13th March 2019

ONGC bags maximum oil and gas fields

On the occasion, Petroleum Minister Dharmendra Pradhan said DSF bid rounds are aimed at raising domestic production to cut dependence on imported oil.

published on : 8th March 2019
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