Oil and Natural Gas Corporation
Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017.
This essentially means that bidders may corner gas by offering to pay USD 7, but the buyers will have to pay no more than the ceiling price of USD 3.62.
Three employees of the ONGC were on April 21 kidnapped by suspected ULFA-I militants from its Lakwa oilfield in Assam's Sivasagar district along the Assam-Nagaland border.
Petroleum had been included in the strategic sector as it ensures energy security for the country.
Crude oil production in November stood at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
OVL struck oil while drilling an appraisal well 'Indico-2' in CPO-5 block in Llanos Basin of Colombia, the company said in a statement
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