[ad_1] NEW DELHI: State-run ONGC has won a series of three international arbitration awards for a total of Rs 1,000 crore in cost-sharing disputes with Petrobras of Brazil, ENI of Italy and Rocksource — now known as Pure E&P — of Norway more than a decade after the global players …
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ONGC starts oil production from delayed USD 5 billion deep-water project – Times of India
[ad_1] NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has started oil production from its much-delayed flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, which will help reverse years of decline in output. The ‘first oil’ from the deep-water KG-DWN-98/2 block in …
Read More »Deregulation helps ONGC command premium over Brent on Mumbai crude – Times of India
[ad_1] NEW DELHI: Deregulation of domestic crude appears to have tipped the balance in favour of producers as green shoots of a free market emerge. In term deals signed after getting marketing freedom, state-run producer ONGC is commanding a premium over global benchmark Brent for Mumbai offshore oil in spite …
Read More »IOC, Gail fined for second straight quarter for failing to meet listing norms – Times of India
[ad_1] NEW DELHI: State-owned oil and gas giants including IndianOil and Gail (India) Ltd have been slapped with fines for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board. Stock exchanges have fined oil refining and fuel …
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