Oil India Ltd

ONGC walks away with all seven oil, gas blocks on offer in latest bid round

State-owned Oil and Natural Gas Corporation (ONGC) on Thursday walked away with all the seven oil and gas blocks on offer in the latest bid round that saw just eight bids coming in

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells

After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis

Govt asks ONGC, OIL to sell out 66 fields to pvt firms as it brings in new policy to boost domestic production

ONGC and OIL, who are battling stagnation in output from largely ageing fields, have a total of 184 fields.

Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers

The government is targeting a minimum Rs 5,000 crore through share buyback offers of state-owned firms like Coal India and BHEL.

Fuel crisis: Govt might ask ONGC to absorb crude price hikes but state-owned explorer's capex to prevent it from doing so

To resolve a fuel crisis, the government may ask ONGC to sell crude at discounted rates to state-owned refiners, or may levy a windfall tax on the explorer.

Government to invite bids to develop 60 discovered oil and gas fields, Dharmendra Pradhan announces

The government has approved inviting bids to develop 60 more discovered oil and gas fields under the second round of the DSF auction this year, Dharmendra Pradhan announced.

ONGC resumes drilling in West Bengal after 8 year gap

At present, the company has one rig in the state and another rig is expected shortly, sources said, adding that drilling of each well would cost around Rs. 40 crore on an average.