ONGC

These companies are already grappling with low oil prices and a further reduction in natural gas prices will exacerbate their earnings decline

PIF and ADIA are likely to invest about $500 million each to acquire 51% in the InvIT formed by RIL

While Brent prices have recovered from April-lows, they have declined by about 38% so far this year

India’s oil ministry has formed a panel to study the plan and explore other options to make gas production remunerativePrice of natural gas produced from domestic fields that were handed over to ONGC and Oil India have fallen to the lowest in a decade

ONGC Videsh Ltd(OVL) had a 25% stake in Block 2A&4 in Sudan while CNCP had 40% and Petronet 30%. Sudan's Sudapet had 5% interestOVL had also not been paid about $99 million for the 741-km-long pipeline it built from Khartoum to Port Sudan.

Analysts say ONGC’s better-than-expected June quarter profit can be attributed to lower than estimated operating costs. Other expenses declined 16% year-on-year, while statutory levies and exploratory costs written off fell about 52%

Fire at Hazira Plant has been completely extinguished. Efforts are being made to resume normal operations at the earliest, the company later tweeted

A gas price revision is due from October 1 and going by the changes in the benchmark rate in gas exporting nations, the price is likely to be anywhere between $1.90 to $1.94 per mmBtu

'...prices are stuck at $45 ( per barrel) so any acquisition should be made at significantly lower prices only, ONGC finance chief Subhash Kumar

ONGC is investing ₹265 crore to replace all the pipelines of Geleki operations and 70 per cent of the work is already over.