New Delhi, Jan 7
State-owned Oil and Natural Gas Corporation and Oil India Ltd today paid $2.475 billion to Videocon Group for acquiring 10 per cent stake in a giant gas field off Mozambique.
Singapore, Jan 6
Oil prices rebounded in Asian trade today on bargain-hunting and concerns over Iraqi exports after militants bombed a major pipeline north of the country.
However, analysts said prices st...
New Delhi, Jan. 5
Gas volumes may have to be shared if connectivity is proved
January 3, 2014
Reliance has defaulted on its production sharing contract. It should not get a higher price for gas. »
Singapore, Jan 3
Crude oil prices were mixed in Asian trade today after a steep decline in US trade, as investors await the release of US stockpiles data while keeping an eye on a disruption in Iraqi supplies....
Singapore, Jan 2
Oil prices edged higher in subdued Asian trade today as investors anticipated upbeat US stockpiles data, as they grow more optimistic about the world’s top economy, analysts said.New York’s...
New Delhi, Dec 31
ONGC Videsh Ltd (OVL) on Tuesday said that it has acquired an additional 12 per cent participating interest in Brazil’s deepwater offshore block, Block BC-10. Post the deal, the Indian e...
Hyderabad, Dec. 30
Oil and Natural Gas Corporation (ONGC) expects to increase natural gas output from the Krishna Godavari Basin (KG Basin) region by commissioning two more wells — GI and SI Vasistha — before August...
Singapore, Dec 30
Oil prices were mixed in thin Asian trade today as investors focused on a fall in US crude inventories, indicating robust demand in the world’s top consumer.New York’s main contract, West T...
Chennai, Dec 27
Gold prices in the domestic spot and futures market are likely to climb after a weak dollar lifted prices in the global market overnight.
But the outlook continues to be dim as US jobs da...
Chennai, Jan 7
Gold is likely to trade sideways in the domestic spot and futures market on Tuesday as the market weighs the demand, especially from China, against waning investor interest.
Chennai, Jan 6
Gold prices in the domestic spot and futures markets are likely to come under pressure this week after an over $50-gain in the global market over the last couple of sessions. However, th...
New Delhi, Jan 5
State-owned Oil and Natural Gas Corporation (ONGC) will invest over $9 billion in bringing to production an array of oil and gas discoveries in its prolific Krishna Godavari basin block off the ea...
Chennai, Jan 3
Gold prices in the domestic spot and futures market are set to rise on Friday after investors abroad bet on gold following a drop in the equities market.
Hopes that physical dem...
Kolkata, Jan. 2
Oil and Natural Gas Corporation (ONGC) is hopeful of completing sale of minority stakes in three of its coal-bed methane (CBM) assets located in Jharkhand and West Bengal to private players this f...
New Delhi, Jan 1
Jet fuel or ATF prices were today hiked by over 2.7 per cent, the second increase in rates in one month.
Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 2,036.59 per kilolit...
Singapore, Dec 31
Oil prices were flat in holiday reduced Asian trade today, as investors booked profits before the end of the year.New York’s main contract, West Texas Intermediate (WTI) crude for February...
New Delhi, Dec 30
Crude oil futures prices today fell 0.14 per cent to Rs 6,252 per barrel, as speculators trimmed their positions amid a mixed trend in the Asian trade.Trading sentiment turned weak at the f...
Singapore, Dec 27
Oil prices edged lower in Asian trade today as dealers looked ahead to a US stockpiles report expected to indicate bullish demand in the world’s top crude consumer, analysts said.New York’s...
New Delhi, Dec. 26
Concerned over the deteriorating security situation in South Sudan, ONGC Videsh Ltd (OVL) has decided to temporarily shut down operations at its oilfields in the conflict-ridden African cou...