State-owned Oil and Natural Gas Corp (ONGC) today said it will appeal against the Gujarat High Court order asking it to pay up to Rs 10,000 crore in past royalty dues, saying it cannot pay the levy on a price it hasn't realised.
The Dabhol power plant is so identified with its infamous parent, Enron, that many still recall how the then US Assistant Secretary Christina B Rocca said India's problems with foreign investment could be summed up in five letters: e-n-r-o-n.
Shares of state-owned Oil and Natural Gas Corporation (ONGC) is trading lower by over 3% at Rs 289, on PTI reports that Gujarat High Court has directed the state-owned oil exploration and production company to pay royalty dues worth Rs 5,000 crore to Rs
A division bench headed by Chief Justice Bhaskar Bhattacharya and Justice J B Pardiwala yesterday directed ONGC to pay differences in royalty of crude within two months and also pay royalty, henceforth, to state government at market rate.
With ONGC diversifying into non- core areas like power and fertiliser, Petroleum Secretary Vivek Rae today said the nation's high profit making PSU should sell its non-core assets and concentrate on increasing oil and gas production.
The stocks of oil marketing companies (OMCs) such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC), after surging 2.5-6 per cent on Monday, fell 2.3-6.3 per cent on Tuesday.
Oil and Natural Gas Corporation Ltd (ONGC) has said subsidy burden is now almost becoming backbreaking, hinting subsidy bill for the upstream oil and gas major may swell. "Subsidy burden is now almost becoming backbreaking.
Oil and Natural Gas Corporation (ONGC) is trading higher by 2.5% at Rs 277, extending its previous day’s around 1% gain, after reporting a better-than-expected 2.8% year-on-year (yoy) jump in net profit at Rs 6,064 crore for the quarter ended
Lacking financial muscle of its own, Geological Survey of India (GSI) is in discussions with Oil and Natural Gas Corporation, Oil India, ISRO and AMD (Atomic Minerals Directorate for Exploration and Research) amongst others for a possible partnership to
ONGC Ltd has asked the petroleum ministry’s directorate general of hydrocarbons (DGH) whether its G4 gas field in the Krishna-Godavari basin is geologically linked to the KG-D6 reservoir of Reliance Industries Ltd (RIL).
Concerned over environmental damage caused due to an oil spill off Uran coast near Mumbai, the Environment Ministry today constituted a team to inspect the site and issued a show cause notice to Oil and Natural Gas Corporation (ONGC).