According to ONGC, the net profit in the fourth quarter of 2017-18, the highest profit in last 17 quarters, was higher than Rs 4,340.18 crore net in t...
ONGC Wants Shareholders’ Approval for HPCL Deal
State-owned Oil and Natural Gas Corp (ONGC) to buy 51.11 percent stakes in Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore. The acquisition fe...
ONGC Is Open for all Financing Options for the HPCL Deal
"We have various options available to us to fund this transaction," Sudhir Vasudeva, Chairman and Managing Director of ONGC.
ONGC to Acquire 51.11% Stakes in HPCL for Rs 36,915 Crore
ONGC will pay the government Rs 473.97 per share, a premium of over 10 per cent of the 60-days weighted average of HPCL's scrip.
ONGC Makes Oil, Gas Discoveries West of Mumbai
Petroleum Minister Dharmendra Pradhan said ONGC made the discoveries in the well WO-24-3 (WO-24-C) drilled west of Mumbai High fields.
ONGC Wants Higher Gas Price to Produce KG Basin, Kutch Discoveries
Government of India in October 2014 had evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to d...
Shashi Shankar is the New CMD of ONGC
The newly-appointed CMD Mr Shashi shankar is an industry veteran with over 30 years of experience in diverse Exploration and Production (E and P) acti...
Oil PSU Sector Moves Towards Consolidation
While the Union Cabinet is seriously motivating the ONGC-HPCL merger. The government is also almost agreed to approve another mega oil PSU merger by c...
Oil Ministry to Intensify Monitoring Mechanism for Better Efficiency in ONGC and Oil Fields
Earlier, the ministry offered all-powerful review committees headed by its upstream technical arm DGH, to monitor performance of ONGC and Oil India, a...
ONGC, HPCL Merger Talks Reaches Final Stages
Ministry of Finance and Oil & Petroleum Ministry have almost agreed to have state-run Oil and Natural Gas Corp (ONGC) pay a 40%-50% premium for buying...