ONGC takes $239 million hit from royalty payments
Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.
Feb 21, 2017, 23:13 PM IST
Oil slips $1 on concerns U.S. production is rising
Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
Jan 09, 2017, 16:36 PM IST
Industry threatens nearly half of natural heritage sites: WWF
Mining, oil exploration, illegal logging and other industries threaten almost half the natural World Heritage Sites the UN seeks to preserve for future generations, conservation group WWF said Wedn
Apr 06, 2016, 09:52 AM IST
Govt waives off customs duty on goods for idle fields of ONGC, OIL
The government has waived off customs duty on import of goods for producing oil and gas from 69 idle fields of state-owned ONGC and Oil India Ltd that will be auctioned this year.
Jan 08, 2016, 17:47 PM IST
Shell halts controversial oil exploration in Alaska
Royal Dutch Shell began drilling there in July, two months after US President Barack Obama approved Arctic drilling, despite opposition from environmentalists.
Sep 28, 2015, 14:12 PM IST
India's oil exploration off Vietnam 'illegal': Chinese daily
Terming India's plans to conduct oil exploration off Vietnam coast in the South China Sea as "illegal", a state-run Chinese daily Tuesday said it is an "unwise move" that may "sabotage" positive momentum in ties.
Sep 01, 2015, 23:27 PM IST
OIL appoints Roy as Director for HR and Business Development
Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.
May 08, 2015, 18:03 PM IST
Cairn discovers oil offshore Senegal
The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.
Oct 07, 2014, 12:48 PM IST
OVL to expand oil and gas exploration in offshore Vietnam
ONGC Videsh Ltd, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), has signed an agreement to expand its oil and gas exploration in offshore Vietnam.
Sep 16, 2014, 16:38 PM IST
China to oppose India-Vietnam oil deal 'within its waters'
China on Tuesday made it clear that it will "not support" the India-Vietnam agreement to enable ONGC to explore two more oil wells if they fall within the waters of the disputed South China Sea administered by it.
Sep 16, 2014, 15:31 PM IST
Vedanta for an independent regulator for oil and gas sector
As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.
Aug 29, 2014, 14:22 PM IST
