The association will help ONGC explore and reduce greenhouse emissions in the development of deep-water blocks. File | Photo Credit: The Hindu India’s top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on March 6. India, the world’s third-biggest […]
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The export levy on diesel and ATF is the lowest since the tax was introduced in July last year. Photo used for representational purpose only. File | Photo Credit: AP The government slashed windfall profit tax on export of diesel to its lowest of ₹0.50 per litre and nil on jet fuel (ATF) while the […]
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The U.N. General Assembly votes in favour of a resolution upholding Ukraine’s territorial integrity and calling for a cessation of hostilities after Russia’s invasion, Thursday, Feb. 23, 2023, at United Nations headquarters. | Photo Credit: AP India abstains in U.N. vote underscoring need for just, lasting peace in Ukraine India abstained in the U.N. General Assembly on February 23 […]
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Representational photo | Photo Credit: AMIT DAVE The government has received about ₹5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (central public sector enterprises) so far this fiscal to ₹23,797 crore. “The government has received about ₹5,001 crore from ONGC as dividend tranche,” the Department of Investment and […]
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Sakhalin-1 is OVL’s cash cow and without the project, the company will be a loss-making entity, a source said Sakhalin-1 is OVL’s cash cow and without the project, the company will be a loss-making entity, a source said ONGC Videsh Ltd., the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), is making a […]
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India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to […]
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Over the years, production has steadily declined; but the firm is now stepping up exploration to find more reserves Over the years, production has steadily declined; but the firm is now stepping up exploration to find more reserves ONGC said its crude oil production would rise 11% and natural gas output would jump 25% after […]
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ONGC becomes India’s second most profitable company behind Reliance Industries Ltd ONGC becomes India’s second most profitable company behind Reliance Industries Ltd On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of ₹40,305 crore in the fiscal year […]
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The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government’s 51% stake in helicopter services provider Pawan Hans Ltd The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government’s 51% stake in helicopter services provider Pawan Hans Ltd The Congress on Sunday raised questions over the deal […]
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