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Under the PSC regime, oil firms are allowed to recover their cost first before earnings from blocks are shared with the government.

Govt plans to reward oil cos with additional exploration rights

Move to open up additional revenue opportunities for incumbent companies.

11 Jun 2018 9:02 AM

An international arbitration tribunal has concluded hearing in the USD 1.55 billion claims made against Reliance Industries and its partners for allegedly syphoning gas from deposits they had no right to exploit and is expected to pronounce a judgement next month.

Arbitration award in Reliance-ONGC gas row next month

The three-member panel is likely to give its award in July.

10 Jun 2018 1:16 PM

Fuel retailer IOC has for the second year in a row beaten ONGC to become India's most profitable state-owned company.

Amid soaring petrol and diesel rates, IOC becomes most profitable PSU

Reliance Industries retained the crown of being India's most profitable company for the third year in a row.

31 May 2018 1:49 PM

State-owned ONGC's net profit in three-months to March 31, 2018, jumped 37 per cent on back of higher oil prices.

ONGC shares gain nearly 4 per cent after Q4 results

The board of directors of ONGC recommended a final dividend of Rs 1.35 per share (27 per cent).

31 May 2018 1:14 PM

Prior to the stake sale, the government made it clear that HPCL would continue to be a central public sector enterprise.

ONGC to nominate one govt director on HPCL board

Till now HPCL had two government nominee directors - Rath and Sandeep Poundrik.

29 May 2018 2:40 PM

ONGC plans to hire a consultant shortly to revamp its integrated reporting system to strengthen its corporate governance policy.

ONGC mulls new reporting standard to improve credit rating

ONGC, India's top oil and gas producer, will be the first public sector company to adopt reporting standards.

28 May 2018 4:02 PM

On May 14, rates have gone up by Rs 2.84 a litre in case of petrol and Rs 2.60 in diesel.

Windfall oil tax on ONGC in offing to soften fuel prices

The Centre levies Rs 19.48 as excise duty on a litre of petrol and Rs 15.33 on diesel.

24 May 2018 1:14 PM

State-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden.

ONGC, OIL face risk of subsidy sharing, says Moody's

This subsidy sharing ended in June 2015 with global oil prices plummeting.

22 May 2018 12:02 PM

ONGC capital spending not impacted by oil price, says Moody's

Defying a global trend, India's flagship national oil company ONGC did not cut its capital spending.

17 May 2018 2:34 PM

State-run Pawan Hans Helicopter's plans to launch flights under the regional connectivity scheme Udan have run into rough weather amid the ongoing disinvestment process.

Pawan Hans' Udan plans run into rough weather amid divestment

The disinvestment process should not come as a roadblock in the business expansion plans of the company.

07 May 2018 7:15 PM

State-owned ONGC registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022.

ONGC clocks 6.3 per cent rise in gas production

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

07 May 2018 3:47 PM

The 55 blocks have a total area of 59,282 sq km.

ONGC bids for 37 oil blocks, Cairn 55 in 1st OALP round

Oil and Natural Gas Corp bid for 26 blocks on its own and another 11 with partners.

02 May 2018 1:20 PM

The foreign acquisition unit of Oil and Natural Gas Corp’s (ONGC) has filed an arbitration claim against the government of Sudan in a London court.

ONGC files arbitration claim against Sudan over unpaid oil dues

It is seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.

17 Apr 2018 12:37 PM

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans.

Govt pulls out memo inviting bids for Pawan Hans sale

Pawan Hans is a joint venture under the civil aviation ministry and state-owned ONGC.

10 Apr 2018 3:25 PM

Economic equality is key to solving environmental challenges to achieve the SDGs especially Goal 10, if India wants to achieve its ambitious climate goals in line with the Paris Agreement. (Photo: ANI)

Economic equality is key to achieve India's climate goals: Experts

The conference was organized by the Department of Policy Studies at the TERI School of Advanced Studies.

10 Apr 2018 2:50 PM

Increase in natural gas prices will mean higher raw material cost for compressed natural gas (CNG) and natural gas piped to households (PNG).

Govt to raise gas price to highest level in 2 years

Gas price was last hiked to USD 2.89 per mmBtu for Oct 2017 to Mar 2018 period from USD 2.48 in previous 6 months.

22 Mar 2018 6:04 PM

ONGC holds 13.77 per cent stake in nation's biggest refiner Indian Oil Corp (IOC), which at today's trading price is worth close to Rs 26,000 crore.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

09 Mar 2018 4:16 PM

The acquisition will bring synergies between both the companies.

ONGC seeks shareholder nod for HPCL deal

ONGC bought entire shareholding of the government of India in HPCL at Rs 473.97 per share.

01 Mar 2018 2:06 PM

Deepak Hooda celebrates India-call up with an all-round show

The action in the tournament today moves to the Talegaon facility of the DY Patil College.

27 Feb 2018 12:50 AM

One of the workers, K.P. Jayan, who later died, was the first to report gas leakage near the AC compartment area of the ship.

5 killed in explosion inside ship in Cochin

Blast during repairs at drillship Sagar Bhushan.

14 Feb 2018 1:12 AM

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Shobhaa De