Oil

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ONGC Facing Impediment in Premium Gas Project

The biggest oil exploration company in India, Oil and Natural Gas Corporation (ONGC) is facing an awkward problem in starting the gas production from the company’s biggest project in Krishna-Godavari basin. ONGC has the planning…


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Crude check on the capex of Oil PSUs

According to current budget documents; oil PSUs are increasing their individual capital expenditure marginally i.e. 0.61 percent only in the financial year 2018-19; as Finance Minister, Arun Jaitley refrained away from subsidy allocation on the…



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JP Morgan Projects Oil Could Hit $78 Within Weeks

J.P. Morgan, one if the leading international investment bankers, has set their projection of Brent crude price at $ 70 per barrel, which is the most optimistic figure, compared to other investment bankers. While J….






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GAIL: the next in queue of ONGC acquisition

After the acquisition of the entire government shares of Hindustan Petroleum Corporation Ltd. (HPCL); the state-owned Oil and Natural Gas Corporation (ONGC) is now on the verge of another such acquisition of GAIL India Ltd,…


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ONGC chopper crash: The ‘Black Box’ traced

The helicopter crashed off at Mumbai on January 13, 2018, with 5 executives of ONGC and two pilots, which is one of the worst accidents in the recent past. It is reported that the Coast…