ONGC
ONGC to sell stake in IOC, GAIL, but only when price is right
23 Jan 2018
The oil explorer has got government approval to sell its stake in Indian Oil Corp and GAIL to help its Rs37,000 crore acquisition of Hindustan Petroleum Corp, though the immediate funds will come from short-term borrowing
ONGC to borrow Rs35,000 crore to finance government’s HPCL divestment
22 Jan 2018
In the first-ever debt programme, ONGC board has approved raising of the company’s borrowing limit from Rs25,000 crore to Rs35,000 crore, chairman and managing director Shashi Shanker has said
ONGC copter with 7 aboard crashes off Mumbai coast, 4 bodies recovered
13 Jan 2018
Four bodies, including those of two senior ONGC officials, have been recovered so far, while seven, including two pilots, were on-board
ONGC gets cabinet nod for acquiring 51% govt stake In HPCL
19 Jul 2017
The government is expected to rake in more than Rs29,000 crore from the stake sale, which will help it meet part of the divestment target for the fiscal
India-Opec dialogue: Pradhan seeks shift from 'Asian premiums' to `Asian dividend'
22 May 2017
Opec should work towards `Responsible Pricing’ instead of chasing the market, he said, adding that this is important for India and other Asian countries for socio-economic and developmental reasons
ONGC to merge HPCL to create an integrated oil giant: report
27 Feb 2017
The merger is aimed at creating a company with operations in the entire spectrum of energy from exploration to refining and retail
ONGC to invest Rs7,327 cr to develop 5 fields
24 Feb 2017
The investment in the new fields is likely to yield 14.969 million tonnes of oil and 2.972 billion cubic metres of gas, ONGC says
ONGC to acquire 80% in GSPC’s KG basin gas block for $995 mn
24 Dec 2016
ONGC will pay part consideration of $200 million to GSPC towards future consideration for six discoveries other than Deen Dayal West Field in the KG basin
Ministry probing ONGC, DGH role in KG gas migration issue
11 Nov 2016
The petroleum ministry has launched a probe into the role played by officials at ONGC and the Directorate General of Hydrocarbons for their alleged inaction on information about the state-owned firm's natural gas flowing into adjoining fields of Reliance in the Krishna-Godavari basin
RIL, partners hit with $1.55 bn demand over gas migration issue
05 Nov 2016
The government has slapped a $1.55 billion demand on Reliance Industries and its partners BP and Niko for "unfairly enriching" themselves by producing natural gas belonging to state-owned Oil and Natural Gas Corp
Cabinet approves ONGC raising stake by 11% in Russia's Vankor oil field for $930 mn
05 Oct 2016
The approval comes a year after ONGC Videsh acquired a 15-per cent stake in the Vankor oil field from Rosneft, for about $1.35 billion
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