Oil companies will have to take a collective hit of about Rs 25,000 crore a year after the roll-out of the goods and services tax since most of their output is outside the ambit of the new system,
India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand.
India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand
ONGC Tripura Power Co (OTPC) posted a 9-fold jump in its annual net profit in 2016-17 and also announced a maiden dividend within two years of commencement of full operations.
State-run ONGC Videsh Ltd expects Venezuela state oil firm Petroleos de Venezuela to pay off dividend dues of $537.6 million within three years
The Oil and Natural Gas Corporation Limited (ONGC) Videsh has encountered the presence of approximately 120 feet of oil saturated in the Lower Sands Unit-3 of the Une Formation, in its well Mariposa
Oil and Natural Gas Corporation’s (ONGC) overseas arm –ONGC Videsh (OVL) has reportedly found hydrocarbon reserves in its Mariposa-1 well, which is under drilling in CPO-5 block of Colombia
Paving the way for easy exploration of oil and gas reserves in forest areas, the Union environment ministry has said that seismic surveys done for the purpose will not be regulated under the Forest (Conversation) Act, 1980
Oil and Natural Gas Corporation (ONGC) has been rallying. Motilal Oswal has upgraded the stock after a long time stating that cost efficiency, production growth and dividend yields are the key drivers for a rerating.
India’s most profitable PSU, ONGC said on Saturday that it made 23 new discoveries in FY’17, a 35% jump in number of discoveries year-on-year, from 17 discoveries made last year.