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Business News on Oil and Natural Gas Corporation
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Moily refutes allegations of favouring Reliance Industries

8.29 pm | 24 May 2013 |  Source: PTI

Strongly refuting allegations of favouring Reliance Industries (RIL), oil minister M Veerappa Moily on Friday said the proposed revision in natural ga...

FM should not rob oil companies to show a lower deficit

3.51 pm | 23 May 2013 |  Source: Firstpost.com

The finance ministry’s best and only option is to free market pricing of diesel and cap the subsidies on kerosene and cooking gas so that subsidies ...

Why RIL, Rangarajan or Moily should not decide gas prices

3.05 pm | 23 May 2013 |  Source: Firstpost.com

Under pressure from the gas producing companies, the UPA government set up the Rangarajan Committee which came up with a formula that would double gas...

EPP would impact GRMs by $2.80/bbl: IOC  

10.54 am | 23 May 2013 |  Source: CNBC-TV18

In order to bring down the deficit by nearly Rs 15,000 crore, the finance ministry yesterday decided to change the pricing policy for petrol and diese...

FinMin asks rich PSUs to buy its equity in other govt cos 

6.51 pm | 22 May 2013 |  Source: PTI

Finance Ministry has asked PSUs regarding capex plans. It has informed them that if they do not have sufficient plans then they should buyback governm...

Rs 60K cr upstream subsidy burden expected: Quant Broking 

5.16 pm | 22 May 2013 |  Source: CNBC-TV18

Rs 60,000-crore upstream subsidy burden was mostly in line with ONGC's expectations, says Gagan Dixit, Quant Broking. He added that however, crude pri...

TCS beats ONGC to become most-valued company 

7.36 pm | 20 May 2013 |  Source: PTI

Tata Consultancy Services became the country's most valued firm with a market capitalisation of over Rs 2.87 lakh crore, surpassing ONGC. Reliance Ind...

Oil Ministry recommends natural gas price hike to $6.7 

5.08 pm | 20 May 2013 |  Source: PTI

The oil ministry has moved a cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms like Relianc...

Gas-price policy: Why are power, fertiliser cos against it? 

7.07 pm | 09 May 2013 |  Source: CNBC-TV18

Find out the key arguments power, fertlisers companies are making against the Rangarajan Committee's formula on gas prices and how this gas price incr...

SC dismisses plea challenging Cairn-Vedanta deal 

1.21 pm | 09 May 2013 |  Source: PTI

The Supreme Court today refused to interfere in USD 8.5 billion Cairn-Vedanta deal and dismissed a PIL challenging its validity....

RIL surpasses ITC to reclaim third most valued co status 

9.10 pm | 06 May 2013 |  Source: PTI

Reliance Industries Ltd (RIL) on Mtoday overtook FMCG major ITC to become the country's third most-valued company after TCS and ONGC....

Cash pile of major PSUs at Rs 1.62 lakh cr in 2012-13 

5.18 pm | 03 May 2013 |  Source: PTI

Cash pile of major PSUs like CIL, ONGC and others at Rs 1.62 lakh cr in 2012-13.India's 17 major public sector entities including CILBSE 0.28 %, ONGC,...

ONGC's oil production down 6 % 

6.09 pm | 02 May 2013 |  Source: PTI

State-owned Oil and Natural Gas Corp (ONGC) has reported about 6 per cent drop in crude oil production for the year ended March 31 on account of lower...

ONGC finds gas in KG basin block 

9.18 pm | 30 Apr 2013 |  Source: PTI

State-owned Oil and Natural Gas Corp (ONGC) today said it has struck natural gas in a block that sits next to Reliance Industries' KG-D6 area in the K...

Rangarajan's formula too complex for gas consumers: Sharma 

12.32 pm | 26 Apr 2013 |  Source: CNBC-TV18

The C Rangarajan Committee’s recommendation of indexing domestic gas price with international rates is well balanced , says RS Sharma, former chairm...

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