Wednesday, October 27, 2021

Oil and Natural Gas Corporation

Reliance slips 59 places on Fortune list

Reliance took a beating on the rankings as revenues dropped owing to the COVID-19 pandemic. This is its lowest ranking since 2017.

ONGC removes marketing margin but refuses to lower gas price

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.

Army rescues 2 abducted ONGC staff, ops on to rescue third

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.

Consolidation in public sector oil firms may be back on table in FY22

Petroleum had been included in the strategic sector as it ensures energy security for the country.

India’s crude oil production slips 5 per cent in Nov

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 strikes oil in Colombia block

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

PSUs may be roped in if BPCL sale does not get desired valuations

Even with multiple suitors, the interest level for BPCL remains low in current subdued market conditions

Latest News

- Advertisement -