While ONGC is focusing on 'unlocking the potential' of new hydrocarbon resources, it is also looking at 'enhancing' recovery from mature fields like Mumbai High, which remains a top priority for increasing domestic production.
The Bombay High Court granted bail to Chanda Kochhar and her husband Deepak Kochhar in the alleged Rs 3,250-crore Videocon fraud loan case.
As hopes begin to sink, it continues to out of range and was last reported on May 17 at around 9.24 am
ONGC says around around 100 vessels were in the vicinity, and only five were hit. This shows the operations might have been at fault. Afcons International, a contractor, is putting the onus on barge owner Durmast and the master of the barge.
Experts say it might well have been an error in judgement on the part of the master of the vessel or the company in charge of the operations that might have claimed the lives of so many workers. Maharashtra minister Nawab Malik blames ONGC.
According to rescue workers, hopes are running out with each passing hour as it will be difficult for someone to sustain without food or water in mid-sea braving extreme weather conditions.
Ahead of the typhoon, the Coast Guard had warned ONGC and the Flag Officer, Offshore Defence Advisory Group (FODAG), to take appropriate safety measures
The whereabouts of at least over 50 people are still unknown.
In the wee hours of May 17, Cyclone Tauktae hit the Arabian Sea off the coast of Mumbai.
With diesel under-recoveries still at a steep Rs 10.5 per litre, it is only a matter of time before the government does away completely with price controls, believes Sudhir Vasudeva, CMD, Oil and Natural Gas Corporation.
The Bombay High Court on Tuesday rejected UB Holdings's plea to restrain State Bank of India (SBI) from selling shares of its group company United Spirits (USL). Those shares were pledged with the lender, which had lent around Rs 1,500 crore to Kingfisher Airlines, the aviation arm of the group.
Engineering and construction company Punj Lloyd has received a project worth Rs 469 crore from ONGC in the Bombay High region off Mumbai.
India's largest oil exploration company, ONGC's FPO, valued at around USD 2.5 billion and delayed by more than six months, is likely to be launched on September 20.
The empowered group of ministers (EGoM) meeting on gas utilisation scheduled for June 9 has been called off, reports CNBC-TV18 quoting sources. It is learnt that EGoM meet is cancelled as both the Delhi High Court and Bombay High Court never directed the EGoM to meet.