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The price of gas between October 1, 2015 and March 31, 2016 was USD 3.81 per mmBtu and USD 4.66 in prior six month period. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC gets green nod for exploratory drilling in KG basin

About 5-6 acres of land to drill each well will be required and the duration of drilling will be 90-120 days per well.

27 Jun 2017 2:12 PM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 April 2017 10:23 AM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC turns to GSPC's undersea infra for KG gas output

ONGC has finalised a USD 5.07 billion plan for developing the Cluster-II finds by 2019-20.

26 Jun 2017 11:05 AM IST

Reliance Industries chairman Mukesh Ambani.

Mukesh Ambani blinks, drops gas price challenge against govt

Withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas.

23 Jun 2017 1:37 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC seeks access to data room to fix HPCL acquisition price

HPCL already has a data room and will give access to the same to ONGC if the seller (government) so desires.

12 Dec 2017 2:43 PM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

Shashi Shanker to head ONGC as CMD from Oct 1

Shashi Shanker, who is currently Director (Technical and Field Services), ONGC, was selected by PESB to head ONGC.

20 Jun 2017 9:21 AM IST

Representational Image.

ONGC's Bassein gas field to touch record 37 mmscmd mark in 2018

Official sources said gas production has regained the 30 mmscmd mark and will climb to 34 mmscmd in few weeks.

18 Jun 2017 5:03 PM IST

GSPC, which had a debt of Rs 19,716.27 crore as on March 31, 2015, has so far made nine gas discoveries in the Bay of Bengal block.

ONGC to pay $1.2 billion to GSPC

ONGC will have to pay for the entire development cost of the six discoveries which may run into at least a couple of...

26 Dec 2016 4:06 AM IST

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

ONGC to buy 80 pc stake in GSPC's KG block for $995 mn

State-owned oil & gas major will operate KG-OSN-2001/3 block in KG basin offshore.

24 Dec 2016 1:10 PM IST

The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

ONGC to start producing oil from R-Series in 2019

ONGC had discovered the fields and created facilities in Ratna R-12, which is part of R&RS, at a cost of Rs 472.55...

5 Dec 2016 12:56 PM IST

RIL and its partners BP Plc of the UK and Canadas Niko Resources had on November 11 brought an arbitration notice against the government, disputing the USD 1.55 billion demand.

Govt to seek legal view on joining RIL arbitration

RIL and its partners have time till May 10 to name an arbitrator for the dispute.

12 Dec 2016 5:06 PM IST