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...

Oil India Limited (OIL) will fly in experts from Singapore by Wednesday night to cap a well blowout at Baghjan in Assam’s Tinsukia district.Experts of the Singapore-based firm, Alert Disaster Contro...

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...

The lockdown has severely hurt the petroleum sector, with oil and gas as well as refining suffering a sharp decline in production.Gas output in April fell 18.6 per cent to 2.16 billion cubic metres (b...

State-owned ONGC has asked the government to waive the payment of oil cess and royalty as plummeting international oil prices have meant the rate it now gets does not even cover the operating cost, so...

The petroleum industry Oil and Natural gas Commission (ONGC), Indian Oil Corporation (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARE Fund to...

ONGC has sent an SOS to the government, seeking a cut in taxes as well as being granted pricing and marketing freedom for gas to help it weather the slump in prices that has made sustaining operations...

Natural gas prices in India are likely to be cut by a steep 25 per cent beginning April, in line with the slump in global rates, sources said. The price of most of the natural gas produced by state-ow...

The Assam government has asked the Assam Gas Company Limited (AGCL) to conduct a survey on laying a pipeline to provide house-to-house gas connection in Guwahati and Silchar in the first phase.Assam i...