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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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CNG to cost more? Modi govt may raise gas price to highest level in 2 years

The government may raise domestic natural gas price next week to its highest level in two years, a move that will translate into higher CNG price... ...
IOC, BPCL may buy 26% stake each in GAIL

State-owned Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) may buy 26 per cent stake each in gas utility GAIL India Ltd, paying the... ...
OVL, OIL win Mozambique nod for gas field development

ONGC Videsh Ltd, Oil India Ltd and their partners have received the Mozambique government's nod for bringing to production a giant gas field in the... ...
Essar Oilfields wins drilling contract from GAIL

Mumbai: Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAIL... ...

The first-ever global investors summit in Assam has seen investment commitments to the tune of nearly Rs 70,000 crore in various sectors, including... ...

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