Hindustan Times | ONGC to develop India oil fields amid merger speculation Nikkei Asian Review MUMBAI (NewsRise) -- Oil & Natural Gas Corp, India's biggest explorer, will invest 73.27 billion rupees ($1.10 billion) to develop five oil fields across the western Indian coast, even as speculation is rife that the company is exploring a merger with ... ONGC likely to take control of HPCL to create oil sector behemoth Oil producer ONGC may acquire HPCL in $6.6 billion deal ONGC to take control of HPCL to create larger oil sector entity |