State-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) would pick up a five per cent stake each in IndianOil Corporation (IOC) at Rs 220 a share in an off-market deal likely on March 14. As part of the divestment strategy, the finance
State-owned ONGC, the biggest beneficiary of near doubling of gas price from April, today said it will gain an additional Rs 16,000 crore in revenue because of the new price, which may not be enough to make all its discoveries viable.
Petroleum Minister M Veerappa Moily's recommendation for giving a one-year extension to Oil and Natural Gas Corporation (ONGC) Chairman Sudhir Vasudeva has been rejected, paving the way for ONGC Videsh (OVL) Managing Director D K Saraff to take charge as
The Supreme Court’s direction to Oil and Natural Gas Corporation (ONGC) to pay royalty to the Gujarat government based on market price of crude oil compared to post-subsidy price that ONGC used to pay has led to rise in concerns.
According to sources close to the development, the government is likely to give 10 per cent discount for ONGC and Oil India from the current market price. The shares of IOC closed at Rs 244.10 a share, down 5.07 per cent on the BSE.
In the single largest offshore five-year loan arranged by an Indian company in the past three years, ONGC Videsh (OVL) has entered into agreements with two consortia of international banks to raise $2.5 billion.
In a single largest offshore five-year loan facility arranged by an Indian company during the last three years, ONGC Videsh Ltd (OVL) has entered into separate agreements with two consortiums of international banks to raise $2.5 billion by way of offshore
Oil and Natural Gas Corporation and Japanese conglomerate Mitsui & Co., Ltd have signed a memorandum of understanding for co-operation in petroleum sector. Masami Iijima, President and CEO of Mitsui & Co.