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Cabinet clears auctioning of ONGC, Oil India fields

  The fields will be bid out on the basis of revenue share or the share of oil and gas a bidder offers to the government The Cabinet on Wednesday approved auction of 69 small and marginal oil......

Govt must reduce financial burden of oil firms, says Fitch

Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said on......

IOC, ONGC, OIL among five cos named by US administration for Iran ties

The three Indian firms have been named for their stake in the Farsi offshore block in Iran State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for......

Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal

The government is likely to exempt Oil and Natural Gas Corporation and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates to around......

'Diesel deregulation, gas price to have positive impact on oil cos'

The deregulation provides a level playing field for private players -- Reliance Industries and Essar Oil Ltd -- to market petroleum products. Key oil and gas sector reforms like diesel deregulation......
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New Delhi: India should benchmark its natural gas prices to similar gas-deficient nations instead of using rates prevalent in gas-surplus... ...
OIL gets new resident CEO

Oil India Ltd (OIL) today said Jayanta Kumar Borgohain will be the new resident chief executive at its field headquarters in Assam's Duliajan.... ...
Oil India Ltd

Oil India Ltd (OIL) has held the participatory interest (PI) in 27 NELP blocks at the end of the NELP IX bidding round. In addition, it is holding... ...
Takeover bid for Tide Water Oil a decade in the making

Kolkata/Mumbai: For the management of lubricant maker Tide Water Oil (India) Ltd, a takeover bid from one of its key suppliers, Standard Greases... ...
OVL chasing $712 million in dues from foreign govts

New Delhi: From Venezuela to Sudan, ONGC Videsh Ltd, India's flagship overseas oil investment firm, is chasing foreign governments to get its $712... ...

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