The Bengal government will provide 40 acres of land free of cost to Oil and Natural Gas Corporation to develop the Ashoknagar block where the central PSU has discovered hydrocarbon reserves, hoping th...

The PSU declared Ashoknagar a producing field based on two years of exploration, taking advantage of the policy of early monetisation of hydrocarbon discovery declared by the directorate of general hy...

Petrol and diesel prices have risen to a two-year high as the state-owned oil firms have raised fuel prices for the sixth day in a row. While the price of petrol has increased 33 paise per litre, dies...

H-Energy has entered into a contract with Hoegh Giant, provider of floating LNG infrastructure services, under long-term contracts,  for a floating storage and regasification unit to be deployed ...

The commercial production of gas from ONGC’s Ashoknagar block is expected to begin soon, bringing Bengal on to the energy map of the country, petroleum minister Dharmendra Pradhan said on Tuesda...

ONGC’s net profit fell 55 per cent to Rs 2,878 crore in the second quarter of 2020 from Rs 6,336 crore, a company statement said on Friday. Total income fell to Rs 19,152 crore from Rs 27,152 c...

State-owned ONGC has invited bids from global oil and gas companies to undertake work to boost production from its ageing fields as it looks to reverse its declining output. The 15-year production en...

The board of Hindustan Petroleum Corporation (HPCL) on Wednesday approved a Rs 2,500-crore share buyback plan as the company management feels the share price is lower than the value it deserves. In a ...

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 ...