OVL will acquire 13.6667 per cent participating interest for an upfront consideration of $45 million and contingent payments payable annually
At current levels, midcap and smallcap stocks look more attractive than largecaps
All the oil and gas produced will belong to ONGC and anyone interested has until December 1, 2020 to respond
Shareholders can be rewarded by way of bonus and dividends or by giving them an option for buyback, says M K Surana
India aims to more than double its gas consumption by 2030
OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block
In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)
Public sector oil companies will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government's Aatmanirbhar Bharat campaign
Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period
ONGC is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals, post-June 2021, its chairman Shashi Shanker said
Govt proposes to implement new floor price mechanism for gas produced from domestic fields by companies such as ONGC to prevent fuel price from crashing below a threshold in subdued market conditions
From Exxon bidding for auction rounds under OALP tp Flipkart readying for big billion day sale, here are top headlines this morning
Will identify areas for exploration in deepwater on east and west coasts of India
City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.
All that happened in the markets today
Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines
Natural gas price in India touched the lowest rate on record after the government on Wednesday slashed the price by 25 per cent to $1.79, denting revenues of producers like ONGC
Relief for producers as prices and demand falling globally
GAIL said about 30 MMSCMD of natural gas supplies into GAIL's north-western pipeline network was immediately shut by the upstream major to contain any further damage
The fire broke out at around 3 am at Oil and Natural Gas Corp's (ONGC) Hazira gas processing plant and was extinguished by 7.30 am, the company said in a tweet