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 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...

The overall borrowings by India Inc from overseas markets has grown 6.5 per cent to USD 2.12 billion in November 2019, the Reserve Bank data of India showed.Domestic companies had borrowed over USD 1....

The government is keen to list ONGC Videsh — the overseas arm of ONGC — and transfer the proceeds of the listing as a special dividend, enabling it to meet the divestment target set for the curre...

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...

State-owned explorer ONGC plans to outsource the production of oil and gas in about 60 of the discovered small and marginal fields to private firms to enhance output.Industry sources said the explorer...

State-owned exploration giant ONGC is considering a plan to dilute its stake in refiner HPCL, which it had acquired for Rs 36,915 crore, to reduce debt and fund exploration projects.Sources said the c...

The domestic natural gas price in the country is likely to be hiked over 10 per cent to $3.7 per million British thermal units (mBtu) from April 1 following a spike in prices in the global gas hubs.Th...

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...