- Tag results for ONGC
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.
The sources said ONGC wants the one government nominee director on HPCL board to be the same person as on its board.
The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.
Moody's said the government could intervene to address record high prices of petrol and diesel by reducing the excise duty on these products, especially if oil prices stay high.
ONGC Videsh, the overseas investment arm of ONGC, owns a 27 percent stake in BC-10 block in Brazil.
ONGC aims to drill 535 oil and gas wells in this fiscal year to March 2019, compared with 503 well drilled in the previous year, the company said in a statement.
Moitra previously headed the Bassein & Satellite Asset in Western Offshore, Mumbai - the highest gas-producing and second highest oil producing Asset of ONGC and the country.
Executive Director and Asset Manager of ONGC DMR Sekhar has said Bharat Ratna Dr. BR Ambedkar played an instrumental role in industrialising and introducing labour-friendly policies in India.
Already the ONGC, HPCL and GAIL had been playing key role in the development of the national economy and in the future these companies must continue the momentum.
India and Iran will discuss the revised development plan for the field next week, during Iranian oil minister Bijan Zanganeh's visit to New Delhi.
A weak trend at other Asian bourses after a sharp fall on Wall Street, driven by technology stocks, also weighed on market sentiment here.
The government today pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.
The Department of Factories and Boilers had also asked the shipyard authorities to introduce a system to avoid such accidents in the future.
State-owned Oil and Natural Gas Corp may sell stake in its mega petrochemical project in Gujarat to fund acquisition of Hindustan Petroleum Corp Ltd (HPCL), a senior official said.
The plea challenges the Delhi High Court's last year judgement dismissing a petition against the BJP spokesperson's appointment as an independent ONGC director.