India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for the development of the field, source...

State-run ONGC on Friday said the government was considering a floor price for nominated gas fields or even changing the gas formula with the PSU staring at a loss of Rs 6,000-7,000 crore on domestic ...

A unified tariff proposed by the The Petroleum and Natural Gas Board (PNGRB) in respect of the pipelines forming part of the national gas grid system will encourage more pipelines and boost gas demand...

Prices of natural gas in India are likely to be cut to $1.9-1.94 — the lowest in more than a decade — from October, denting the revenues of producers such as ONGC who are already incurring...

An IIT Mumbai alumnus stuck in Jharkhand because of the lockdown has conceived a project to transform his native place into the state’s first greenfield smart village. Amitesh Kumar, 27, who co...

Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a Covid-19 vaccine boosted investor sent...

Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on slumping prices. India’s top oil and gas producer reported a Rs 3,098 crore loss...

State-owned Oil and Natural Gas Corp (ONGC) has raised $300 million in overseas borrowing at a coupon rate of 3.375 per cent, the lowest by any Indian issuer, to meet its capital expenditure.The 10-ye...

The government has slapped a $520-million (around Rs 3,941 crore) demand notice on billionaire Anil Agarwal’s oil and gas unit Cairn after an audit found alleged discrepancies in cost recovery in th...

Ahead of a proposed move to fully privatise state-owned fuel retailer Bharat Petroleum Corp Ltd (BPCL), the government had quietly repealed the legislation that had nationalised the company, doing awa...