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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......
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......
N K Verma is new ONGC Videsh Managing Director
Narendra Kumar Verma was on Wednesday selected to head ONGC Videsh Ltd, India's flagship overseas oil and gas assets acquisition firm. Verma, 55, is currently Director for Exploration in OVL's......
OIL to float foreign arm in 4 months, sets sight on Lanka
Oil India Ltd is set to float a foreign arm in four months for exploration and acquisition of hydrocarbon assets abroad, thereby becoming the third state-run oil company to have a dedicated......
BPCL, Videocon JV discovers oil in Brazil
State-owned Bharat Petroleum Corporation Limited and Videocon Industries on Friday said an oil discovery has been made in their deep sea block off Brazil.Oil was struck in the BM-SEA-11 block in......
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