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ONGC Videsh slapped with service tax demand of Rs 6,100 crore

Sep 20, 2016

ONGC Videsh slapped with service tax demand of Rs 6,100 crore

The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous. #NewsTracker #ONGC #ONGC Videsh #Service Tax department #OVL #service tax demand
ONGC inks deal to buy extra 11% stake in Russian Vankor fields

Sep 15, 2016

ONGC inks deal to buy extra 11% stake in Russian Vankor fields

State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft. #NewsTracker #Russia #ONGC #ONGC Videsh #OVL #Stake buy #Rosneft #Oil & Gas #Vankor
Reliance ranked 8th among top 10 global oil cos: Survey

Sep 09, 2016

Reliance ranked 8th among top 10 global oil cos: Survey

Refiners Indian Oil Corporation and Hindustan Petroleum Corp Ltd moved to 14th from 66th and to 48th from 133rd, respectively, lifted by access to cheaper crude. Heavyweight, Oil & Natural Gas Corp Ltd, #Reliance Industries #coal india #ONGC #Indian Oil Corporation #Adani Power #Asia-Pacific #Platts #refining sector
'Threat or use of force' to resolve South China Sea dispute will complicate matters: PM Modi

Sep 08, 2016

'Threat or use of force' to resolve South China Sea dispute will complicate matters: PM Modi

Terming sea lanes passing through the strategic South China Sea as the "main arteries" of global trade, Prime Minister Narendra Modi on Thursday said India supports freedom of navigation as he sought "utmost respect" for international law, amid China's muscle flexing in the region. #China #Prime Minister #Narendra Modi #NewsTracker #ONGC #South China Sea #East Asia Summit #SCs #UNCLOS #Thongloun Sisoulith
ONGC sets up Rs 100 crore start-up fund, to provide entire support chain for new ideas

Aug 15, 2016

ONGC sets up Rs 100 crore start-up fund, to provide entire support chain for new ideas

Currently, the sector faces various critical challenges and new ideas are required to mitigate those challenges. #ONGC #oil and gas sector #ONGC Startup #CMD Dinesh K Sarraf #drilling sites #Dual SIM Cellular Router System
ONGC, HPCL may prune stake in MRPL to meet Sebi's public holding norms

Jul 27, 2016

ONGC, HPCL may prune stake in MRPL to meet Sebi's public holding norms

Public shareholding in the Mangalore-based refiner is currently just 11.42 percent, not even half of the mandatory 25 percent public float required #Aditya Birla Group #ONGC #MRPL #HPCL #minimum public holding #DRP
ONGC, Cairn India demand halving of cess on crude oil

Jul 26, 2016

ONGC, Cairn India demand halving of cess on crude oil

Aat the current oil prices, ONGC and other oil firms like Cairn are paying more than Rs 4,500 per tonne cess #crude oil prices #ONGC #Cairn India #Budget #Finance Minister Arun Jaitley #upstream players
ONGC Videsh raises $1 bn via bonds issuance to fund Vankor stake buy

Jul 21, 2016

ONGC Videsh raises $1 bn via bonds issuance to fund Vankor stake buy

The proceeds of the issue would go to refinance a $1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the $1.268 billion acquisition #ONGC #ONGC Videsh #OVL #Oil & Gas #Dollar bonds #Vankor