Union Minister for Petroleum and Natural Gas and Steel Shri Dharmendra Pradhan participated in the India Gas Infrastructure Conference 2019 organised by FICCI, here today. Theme of the event was ‘Indian Gas Sector- Ushering in an era of growth’.
Energy major Oil and Natural Gas Corporation Limited (ONGC) received the Federation of Indian Petroleum Industries (FIPI) Oil & Gas Exploration Company of the Year 2019 Award on 2 December 2019.
After a three-day general executive meeting in Haridwar, the economic unit of RSS – Swadeshi Jagran Manch – has come out with a strong statement slamming the PSU disinvestment programme of the Modi government. It said the move to divest companies such as Air India
ONGC is currently trading at Rs. 126.85, up by 0.90 points or 0.71% from its previous closing of Rs. 125.95 on the BSE. The scrip opened at Rs. 126.50 and has touched a high and low of Rs. 127.00 and Rs. 125.50 respectively. So far 76056 shares were traded on the counter.
Indian gas company H-Energy announced earlier this week an agreement to build a liquefied natural gas regasification and reloading terminal at Kakinada port, in the eastern state of Andhra Pradesh.
Torrent Gas, a part of the Torrent Pharma Group, is expanding its city gas distribution (CGD) business by acquiring three companies. This is in addition to the 13 geographical areas it won in bidding.
India’s move to acquire reserves of strategic minerals like lithium and cobalt to power the country’s move into electric vehicles is all set to become a reality with three state-owned metal and mining companies due to ink a joint venture agreement early next month.
State oil companies’ ability to freely price fuel during an election will likely be tested again as crude oil nears $70 a barrel. Crude oil gained $4 a barrel in a month mainly on contracting supplies from key producers such as Saudi Arabia
Diesel prices across the four metro cities declined for the fourth straight day, with prices falling by 8 to 9 paise on Sunday, data on the Indian Oil Corp website showed.
Grappling a shortfall in tax revenues, the government has pressed cash-rich PSUs like Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) to pay a second interim dividend for the current fiscal after seeking regulatory nods.