| PSUs to lose out on interest | 21-NOV-09 |
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| Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates. |
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| Jindal Drilling bags Rs 635 cr ONGC order | 19-NOV-09 |
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| 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. |
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| Mittal opts out of Kazakh oilfield JV | 19-NOV-09 |
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| Steel magnate Lakshmi Mittal has pulled out of a project involving development of an oilfield in Kazakhstan in partnership with Oil and Natural Gas Corporation (ONGC). It is now looking for buyers for its stake in another company in the Central Asian nation. |
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| Petronet may acquire up to 10 per cent stake in OPaL | 19-NOV-09 |
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| Liquefied gas importer, Petronet LNG Ltd (PLL), is keen to acquire up to 10 per cent stake in ONGC Petro-additions Ltd (OPaL), which is setting up a cracker complex in Gujarat, a senior Oil and Natural Gas Corporation (ONGC) official said. |
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| Petronet may acquire up to 10% stake in OPaL | 18-NOV-09 |
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| 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. |
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| L N Mittal opts out of Kazakh oilfield JV with ONGC | 18-NOV-09 |
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| 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. |
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| ONGC: Handcuffed to Policy | 17-NOV-09 |
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| Firm crude prices are reflexive to a healthy outlook for ONGC. However, inspite of a near universal conviction on rising crude prices, ambiguity on policy issues especially regarding the subsidy sharing mechanism is a drag on the stock. The company, though, stands to gain from a petroleum ministry proposal to raise the administered pricing mechanism (APM) for gas by 33% to Rs 4250 per mBTU from Rs 3200 currently, as the government inches towards fuel pricing reforms. |
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| Domestic crude oil production falls 1.2% in H1: CMIE | 17-NOV-09 |
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| 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. |
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| Iran seeks $1 bn advance for LNG supplies | 17-NOV-09 |
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| 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. |
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| No uranium reserves found in Assam: ONGC | 16-NOV-09 |
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| 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. |
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| Cairn to further explore Ravva field | 16-NOV-09 |
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| 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. |
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