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Oil giant ahoy! ONGC may buy out HPCL in 44K cr deal

The State-owned Oil and Natural Gas Corporation may acquire India's third-biggest fuel retailer HPCL in an approximately 44,000 crore (USD 6.6 billion) deal as part of the government's plan to......

Oil India wants to develop a major belt in Rajasthan: Utpal Bora

'The rejig would see overhaul of the entire company, including personnel management and deployment, structure, subsidiaries and financial allocation.' State-run Oil India Ltd (OIL) is set to usher......

Auction of oil, gas fields with Rs 70K cr reserves from July

India liberalised its exploration and production regime almost two decades ago when in early 1990s it auctioned about 28 fields to private and public investors. India on Wednesday announced auction......

India seeks bids for oil, gas fields in first auction since 2010

The world's fourth-biggest oil and gas consumer imports nearly three-quarters of its energy requirements India is putting up for auction nearly four dozen small oil and gas fields in the first......

India in driver's seat as fuel demand roars at fastest rate ever

India has already pipped Japan as the world's third-largest oil consumer. Image: Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the next......
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TABLE-India's Feb oil output falls 3.4 pct y/y - govt data

March 22 (Reuters) - Indian refiners processed about 2.33percent less oil in February from a year ago at 19.05 milliontonnes, or about 5 million... ...

http://www.sify.com/finance/table-indias-feb-oil-output-falls-34-pct-yy---govt-data-news-commodities-rdwqumchacedi.html
Oil India to buy back shares worth Rs 1,527 crore

Oil India Ltd, the nation#39;s second largest state explorer, today said it will buy back 4.49 crore shares for Rs 1,527 crore, joining the list of... ...

http://www.moneycontrol.com/news/business/oil-india-to-buy-back-shares-worth-rs-1527-crore_8664681.html
Dull End to the Week; IT Stocks lead

Posted by Equitymaster Share markets in India remained subdued in the afternoon session and finished flat ahead of UP state elections to be... ...

http://www.equitymaster.com/tm/tm.asp?date=3/10/2017&title=Dull-End-to-the-Week-IT-Stocks-lead
OVL submits USD 3-bn new development plan for Farzad-B field

ONGC Videsh Ltd has finalised an over USD 3 billion master development plan for the coveted Farzad-B gas field off Iran and is likely to wrap up a... ...

http://www.business-standard.com/article/pti-stories/ovl-submits-usd-3-bn-new-development-plan-for-farzad-b-field-117030700560_1.html
Govt bails out ONGC, OIL of Rs 22,000 cr royalty liability

The government has bailed out state-owned oil producers ONGC and Oil India from a potential liability of about Rs 22,000 crore in royalty dues to... ...

http://www.business-standard.com/article/pti-stories/govt-bails-out-ongc-oil-of-rs-22-000-cr-royalty-liability-117022800515_1.html

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