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IOC, GAIL, ONGC fined for third straight quarter for failure to appoint directorsState-owned oil and gas companies, including IndianOil, ONGC, and GAIL (India), have been fined for the third consecutive quarter for not m...- HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swapONGC acquired government's 51.11 per cent stake in HPCL in January 2018 at Rs 473.97 per share.
- Merger with MRPL should happen at earliest, says HPCLOil and Natural Gas Corp, India's biggest oil and gas producer, last month completed the acquisition of HPCL for Rs 36,915 crore.
- HPCL may acquire MRPL in cash, share-swap dealYesterday, ONGC Chairman and Managing Director Shashi Shanker said his company will also consider merging MRPL with HPCL at a later date.
- HPCL may buy MRPL in share-swap dealShare-swap, he said, is the most likely option for the merger. “An exercise to arrive at valuations etc will begin shortly,” he said.
- ONGC may look at selling stake in other PSUs to fund HPCL acquisition“There are many funding options available. We can look at market borrowings, we have some stocks we can sell,” Chairman and Managing Direct...
- Essar Oil makes $500-mn payment to Iran via new channelSources said MRPL, which owed Iran USD 2.6 billion before the payments started last month, paid USD 300 million this month on top of USD 50...
- IOC, MRPL pay $330 million more in 2nd tranche to IranSources said MRPL, which owed Iran $2.6 billion before the payments started last month, paid $300 million this month on top of $500 million...
- Indian refiners clear part of $6.4 billion dues to Iran ahead of PM Narendra Modi's visitWith sanctions blocking banking channels, Indian refiners have since 2013 paid nearly half of the oil import bill while keeping the remaind...
- Essar Oil, MRPL, IOC pay $700 million to Iran towards oil duesThis is the second payment by Indian refiners this year ahead of easing of international sanctions against the Persian Gulf country.
- Government sacks all five independent directors of Mangalore Refinery and Petrochemicals LtdGovernment has sacked all five independent directors of Mangalore Refinery and Petrochemicals Ltd leaving company board.
- Govt may allow Cairn to sell Rajasthan crude to pvt refinersThe government may allow private refiners like Reliance Industries Ltd, Essar Oil to buy Cairn India's Rajasthan crude, if the public secto...
- IOC, HPCL, MRPL to purchase crude oil from Cairn's Raj fieldsThe government has nominated Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Mangalore Refinery and Petrochemicals (MRPL) for pu...
- IOC, HPCL, MRPL to purchase crude oil from Cairn's Raj fieldsGovt nominated IOC, HPCL and Mangalore Refinery and Petrochemicals for purchasing crude oil from Cairn India's Rajasthan fields.
- MRPL reaches understanding on buying crude oil from CairnMRPL on Thursday said it has reached an understanding on a deal to buy crude oil from Rajasthan fields of Cairn India.
- Oil cos told to end pricing talks soonMoP&NG has asked MRPL to take higher quantities of crude from Cairn India's Rajasthan oilfield, and conclude price negotiations within a fo...
- Oilcos get Shell shock on plant lift contractThe petroleum ministry has asked IOC and BPCL to reverse their decision of awarding refinery upgradation contracts to Shell Global Solution...
- Centre wants MRPL to help clear Cairn crude oil blocUncertainty over the evacuation of crude oil to be produced by Cairn in its Rajasthan block may be over soon.
- MRPL, Chennai Petro to try Reliance taxsaver trickMangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corp (CPCL) -subsidiaries of ONGC and IOC-are set to hop on to the export-...
- Govt wants an oil PSU to hold majority in MRPLNEW DELHI: IN A new twist to the Mangalore Refinery and Petrochemicals' ownership issue, the petroleum ministry is now considering either H...
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