The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

In 2015-16, the profit of state oil producers ONGC and Oil India Ltd fell 10% and 7% respectively while the combined profit of three state ...

Major oil firms across the world are better able to deal with the cyclical nature of the oil markets because they are integrated, he said.

“This is a test case for ONGC. It is a challenge for ONGC to derive a strategy for getting the right price for all future production from d...

The move will help save the company Rs 3,000-4,000 crore needed to build offshore infrastructure to produce gas from the Daman gas field.

The biggest explorer in Asia’s third-largest economy is betting that its highest capital expenditure in at least six years will pay off onc...

ONGC produced 22.263 million tons (MT) of crude oil during April 2014 to March 31, 2015, up from 22.247 MT in the previous fiscal, company ...

Lower prices have hit profits of oil companies and made many projects unviable, forcing firms to slash billions of dollars in capital spend...

Cluster-2A mainly comprises of oil finds in NDA which can produce 75,000 barrels per day (3.75 million tons per annum), ONGC Director Tapas...

ONGC does part of existing fracking job of about 100 wells annually in-house and outsources the balance to top global firms such as Schlumb...

"We are almost on track to meeting this year targets. Till September, 94 per cent of the targeted daily output was achieved."

ONGC plans to raise its natural gas output by over 53 per cent to 100 million standard cubic metres a day by 2017-18.

The CBI has arrested former top officials of Metal and Scrap Trading Corporation (MSTC) in an alleged gold export scam worth Rs 464 crore.