Engineering, procurement and construction company Punj Lloyd Group today said it has bagged a Rs 469 crore order from state-run ONGC for laying a submarine pipeline in the Mumbai High oil and gas field in the ...
As oil ministry looks to disallow some of the expenditure Reliance Industries has made on its flagging KG-D6 gas fields, its Chairman and Managing Director Mukesh Ambani met the Prime Minister Manmohan Singh.
It was not immediately ...
Seeking to shore up its finances, the Finance Ministry has asked cash-rich oil PSUs like Oil and Natural Gas Corp (ONGC) to consider special dividend over and above the 30% interim dividend they anyway have to ...
Gujarat State Petroleum Corp (GSPC) is holding talks with Singapore’s sovereign wealth fund, GIC, for raising funds, a top company official said. “After getting the Gujarat government’s approval to raise Rs 2,000-2,500 crore through private placement ...
The Petroleum Ministry wants Rs 56,600 crore more in cash subsidy to partially compensate the state-owned oil firms for losses they incur on selling fuel below cost.
The subsidy sought is over and above the Rs 30,000 ...
State-owned Oil and Natural Gas Corp is likely to give its ‘no-objection certificate’ to Cairn Energy Plc’s stake sale in its Indian unit to Vedanta Resources by the year-end, its Chairman Sudhir Vasudeva said.
“Our Board had ...
The World Bank expects to invest about $1.5 billion in the country’s fast growing energy sector over the next two years, according to a top official. The multilateral lender, which has a long association with the ...
A high-level panel of secretaries has recommended rejecting bids by Reliance Industries (RIL) and state-owned Oil and Natural Gas Corp (ONGC) for the Andaman sea block as they had offered “very low” profit share to the ...
State-owned Oil and Natural Gas Corp (ONGC) may see 4.7 per cent rise in crude oil output at over 25 million tonne in 2012-13 but natural gas output is projected to fall 1.4 per cent.
The company ...
