ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present.

OALP-IV is the first round being held on revamped terms approved in February 2019.

Govt brought in a new system of bidding such as drilling of wells and shooting of seismic with the winner's only liability being payment of...

The new system of awarding blocks in not so prolific areas will replace a two-year-old method of awarding.

The move to revenue sharing was contrary to most of the industry players being against the new regime.

Oil PSUs' capital expenditure has hit a four-year low despite govt's intention to raise domestic output.

ONGC had previously opened six out of India's seven producing basins for commercial production. It is in the process of adding the eighth b...

Oil and Natural Gas Corporation(ONGC) has decided to drill more wells in Cambay region of Gujarat to explore shale gas.