ONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...

Oil & Natural Gas Corporation (ONGC) reported a significant 46% surge in consolidated net profit to Rs 10,820 crore for the March-ended qua...

India and Russia are deepening energy ties. Discussions have focused on gas supplies and joint ventures for hydrocarbon development. Russia...

Information on Russian oil imports to India is being withheld. The Petroleum Planning and Analysis Cell cited commercial and confidential r...

India and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations see...

India's ONGC is considering establishing a trading unit to manage the crude oil and refined fuels produced and imported by its group compan...

Bharat Petroleum Corporation Ltd (BPCL) has entered an annual crude purchase agreement with Brazil's Petrobras, which includes a possible e...

ONGC Videsh, Oil India, and KABIL have signed a preliminary agreement with International Resources Holding RSC of the UAE to jointly acquir...

Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar wit...

Indian companies are snapping up Russian oil as it is available at a deep discounts after some companies and countries shunned purchases fr...

An OVL-led consortium had already submitted a $3 bn development plan to Iran to develop an offshore field in Farzad B, which holds 12.5 tn ...

The rising dues have become an issue for the ONGC Videsh, which is finding it tough to get board approval for another $300-400 mn required ...

A consortium of OVL, Oil India Ltd and Indian Oil Corp had discovered the 12.8 trillion cubic feet of gas reserves in the Farsi block in 20...

OIL too felt such an announcement was at least a couple of days away and should have been done only when the requisite agreements had been ...

The Plan panel has argued that ONGC Videsh would eventually become a global company. Therefore, the company’s “fiduciary relationship” with...

Ministry sources said the plan on the drawing board envisages giving ONGC Videsh powers to decide investments of up to Rs 3,000 crore.

ONGC Videsh Ltd and Petroleos De Venezuela S.A. have signed a joint venture agreement for the San Cristobal Field in Junin, Orinoco region ...