Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.
May 01, 2024, 14:57 PM IST
Oil India Limited Recruitment 2021: One day left to apply for Assistant Technician, Junior Engineer posts, details here
The company has announced vacancies for Assistant Technician and Junior Engineer positions. The interested and eligible applicants can apply through the official website- oil-india.com.
Sep 20, 2021, 11:04 AM IST
Oil India Limited Recruitment 2021: Apply for Grade C, Grade B, Grade A officer posts, check details here
Oil India Limited Recruitment 2021: The recruitment drive will fill up to 35 officer posts in Grade C, Grade B and Grade A in Assam.
Sep 16, 2021, 22:18 PM IST
Oil India Recruitment 2021: Apply for 119 Assistant Mechanic posts, check interview dates
The pass marks of the Walk-in-Practical/Skill Test cum Personal Assessments will be minimum 50 per cent.
May 07, 2021, 14:40 PM IST
Fire in Assam gas well periphery doused; area up to 1.5 km radius declared 'red zone'
The blaze at the well is so massive that it can be seen from a distance of more than 30 kms with thick black smoke rising several metres high, endangering the local biodiversity in the Dibru-Saikhowa National Park following the blowout on May 27.
Jun 11, 2020, 14:23 PM IST
Govt bails out ONGC, OIL of Rs 22,000 cr royalty liability
The central government will pay two state-owned firms' outstanding liabilities of Rs 14,698 crore directly to the state governments, who will not insist on levy of Rs 7,223 crore interest on payments that were due from April 2008.
Feb 28, 2017, 15:41 PM IST
Cabinet clears IOC-OIL-BPCL's Russian stake buy for $3.14 bn
The Cabinet on Wednesday gave its nod to a consortium of IOC, Oil India and BPCL buying stakes in two Russian oilfields for a total of USD 3.14 billion.
Sep 28, 2016, 14:28 PM IST
ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India
ONGC will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.
Jul 22, 2016, 10:47 AM IST
Oil PSUs to pay royalty on gross price to producing states
In a bonanza to oil producing states like Assam, the government has ordered state-owned ONGC and Oil India to pay royalty to them on the gross price for crude oil and not the net rate they actually realise.
Jul 18, 2016, 21:45 PM IST
Oil companies seek cut in cess on crude
State-owned oil producers ONGC and Oil India as well as private sector Cairn India have asked the government to cut cess on crude oil they have to pay in view of slump in prices.
Sep 21, 2015, 14:25 PM IST
Oil India gets green nod to produce 1 mmscmd gas in Jaisalmer
State-run Oil India Ltd has got environment clearance for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore.
Sep 11, 2015, 14:52 PM IST
Oil exploration cos in huge demand; shares rally up to 20%
Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.
Sep 02, 2015, 20:37 PM IST
Govt to auction 69 oil & gas fields; Rs 70,000 crore to be monetised
In a 'paradigm' shift, government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms including pricing and marketing freedom.
Sep 02, 2015, 20:36 PM IST
Govt to auction 69 oil and gas fields of ONGC, OIL worth Rs 70,000 crore
The fields hold 89 million tonne of oil and gas resources which are worth Rs 70,000 crore at current prices.
Sep 02, 2015, 13:59 PM IST
Oil India reports marginal dip in Q4 profit to Rs 565.62 cr
State-owned Oil India Ltd on Saturday said March quarter net profit has dropped marginally to Rs 551.72 crore from Rs 565.62 crore in the same period a year ago.
May 30, 2015, 21:41 PM IST
Govt needs to reduce oil companies' burden over low margins: Fitch
Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said Friday.
May 08, 2015, 12:22 PM IST
India to auction 69 marginal fields owned by ONGC, Oil India: Official
"Marginal field policy will have approval soon for 69 fields which ONGC and Oil India have agreed to give. We hope to put them for bidding," Saurabh Chandra told reporters in New Delhi.
Apr 21, 2015, 13:45 PM IST
Oil India commissions 54 MW wind energy project
The project cost Rs 439 crore -- Rs 126.5 crore for the Gujarat side and Rs 312.45 crore for the Madhya Pradesh location.
Apr 17, 2015, 13:09 PM IST
Govt may exempt ONGC, OIL from payment of fuel subsidy in Q4
The government regulates price of cooking fuels -- LPG and kerosene -- to shield the poor.
Mar 27, 2015, 15:04 PM IST
India may exempt ONGC, Oil India from paying subsidy in March-quarter
India regulates retail prices of liquefied petroleum gas and kerosene to keep prices under check.
Mar 27, 2015, 12:19 PM IST
