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Five of top-10 cos lose Rs 24k cr; RIL on top slot22-NOV-09
As many as five companies among the elite club of top-10 Sensex firms have witnessed an erosion of over Rs 24,000 crore from their market capitalisation previous week, while Reliance Industries (RIL) maintained the top position with a valuation of Rs 3.49 lakh crore.
Jindal Drilling bags Rs 635 cr ONGC order19-NOV-09
Jindal Drilling & Industries today said it has bagged an order worth Rs 635 crore from Oil and Natural Gas Corporation (ONGC) for hiring a drilling unit for five years.
OilMin seeks comments on proposal to hike natural gas price19-NOV-09
Oil ministry has sought comments from concerned ministries on its proposal to hike the price of natural gas produced by ONGC and Oil India by 30 per cent.
Petronet may acquire up to 10% stake in OPaL18-NOV-09
Liquefied gas importer Petronet LNG (PLL) is keen to acquire up to 10 per cent stake in ONGC Petro-additions (OPaL), the special purpose vehicle formed for setting up a chemical complex at Dahej SEZ, a senior ONGC official said.
L N Mittal opts out of Kazakh oilfield JV with ONGC18-NOV-09
Steel magnate Lakshmi Mittal has pulled out of a project to develop an oil field in Kazakhstan in partnership with Oil and Natural Gas Corp (ONGC) and is looking for buyers for its stake in another company in the Central Asian nation.
Domestic crude oil production falls 1.2% in H1: CMIE17-NOV-09
Domestic crude oil production in India declined by 1.2 per cent in HI of the current fiscal from the same period a year ago due to fall in output by oil exploration and production major-- ONGC, an economic think-tank said in its report.
Iran seeks $1 bn advance for LNG supplies17-NOV-09
Iran has sought at least $1 billion as advance from India for supplying five million tonnes of liquefied natural gas (LNG) a year from 2012, but the demand may not be entertained by the buyers.
No uranium reserves found in Assam: ONGC16-NOV-09
Oil exploration firm Oil and Natural Gas Corporation (ONGC) has not discovered any uranium reserves in Assam while carrying out exploration work in an oilfield in the state, a top company official said.
Cairn to further explore Ravva field16-NOV-09
Cairn India and its joint venture partners have decided to take up 4 dimensional (4D) seismic survey of Ravva field in the Krishna-Godavari Basin to further explore oil and gas reserves.
Hike ONGC, OIL gas price by 33%: OilMin14-NOV-09
Price may be raised to Rs 4,250 per mBtu.
PetroMin proposes 33% hike in ONGC, OIL gas price13-NOV-09
The Petroleum Ministry has proposed a 33 per cent hike in the price of natural gas produced by ONGC and Oil India and gradually increase it to $4.20 per mmBtu set for gas from Reliance Industries' (RIL) KG-D6 fields.
HSL to build Rs 4,000 cr shipyard in AP or Orissa13-NOV-09
State-owned Hindustan Shipyard (HSL) plans to build a large shipyard to accommodate very large crude carrier ships (VLCC) at an estimated project cost of Rs 3,000-4,000 crore, a top official said. The proposed shipyard, which will be built on a public-private-partnership model, is expected to receive cabinet approval by the end of this fiscal, HSL's Chairman and Managing Director, Naresh Kumar said on the sidelines of SMM India's shipping trade fair.
ONGC-Mittal joint ventures to be merged13-NOV-09
Oil and Natural Gas Corporation (ONGC) has decided to merge its energy trading joint venture with steel tycoon Lakshmi Mittal with their exploration tie-up.
ONGC, oil firms halt operations in western offshore12-NOV-09
State-run Oil and Natural Gas Corporation today suspended drilling operations in the western offshore while other oil companies took steps to protect their installations from a tropical cyclone in the Arabian Sea.
Solar Mission looks at 20,000 Mw by 202012-NOV-09
The ambitious Solar Mission of India, which envisages to generate 20,000 Mw of solar power by 2020, would come as a boost for the solar plates and accessories manufacturing industry of the country.
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