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Oil and Natural Gas Corp

21 Feb 2017

ONGC takes $239 million hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.

global crude prices

09 Jan 2017

Oil slips $1 on concerns U.S. production is rising

Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

06 Apr 2016

Industry threatens nearly half of natural heritage sites: WWF

Oil exploration

08 Jan 2016

Govt waives off customs duty on goods for idle fields of ONGC, OIL

The government has waived off customs duty on import of goods for producing oil and gas from 69 idle fields of state-owned ONGC and Oil India Ltd that will be auctioned this year.

Royal Dutch Shell

28 Sep 2015

Shell halts controversial oil exploration in Alaska

Royal Dutch Shell began drilling there in July, two months after US President Barack Obama approved Arctic drilling, despite opposition from environmentalists.

01 Sep 2015

India's oil exploration off Vietnam 'illegal': Chinese daily

Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily Tuesday said it is an "unwise move" that may "sabotage" positive momentum in ties.

08 May 2015

OIL appoints Roy as Director for HR and Business Development

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

Oil exploration

07 Oct 2014

Cairn discovers oil offshore Senegal

The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.

ONGC Videsh Ltd

16 Sep 2014

OVL to expand oil and gas exploration in offshore Vietnam

ONGC Videsh Ltd, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), has signed an agreement to expand its oil and gas exploration in offshore Vietnam.

16 Sep 2014

China to oppose India-Vietnam oil deal 'within its waters'

China on Tuesday made it clear that it will "not support" the India-Vietnam agreement to enable ONGC to explore two more oil wells if they fall within the waters of the disputed South China Sea administered by it.

29 Aug 2014

Vedanta for an independent regulator for oil and gas sector

As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.

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