ONGC, OIL making losses on natural gas productionEconomic TimesNEW DELHI: State-owned ONGC and Oil India are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of …

Edmonton SunRoad trip good opportunity for young Oil Kings to bondEdmonton SunThe Edmonton Oil Kings ventured on a three-game in three-days road trip through Saskatchewan not only looking to play well, but hoping to become a closer unit. With a high player …

Economic TimesRuias plan to sell another 25% stake in Essar OilEconomic TimesNEW DELHI: After stitching a deal to sell 49 per cent stake in Essar Oil to Russia's Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to …

New York TimesUS Graft Inquiries Turn to Venezuelan Oil IndustryNew York TimesHigh-ranking Venezuelan government officials, including some at the oil giant, used shell companies, fake contracts and import scams to camouflage the illicit movement of more th …

CNBCOil marketing companies' stocks wilt on failure to pass on higher crude oil pricesEconomic TimesThe spectre of under-recovery appears to be haunting state-run oil marketing companies again, with their stocks taking a hit after these firms refrained …

Government to auction 27 oil fields off Mumbai, 15 in KG basinEconomic TimesThe PSC regime allowed all their investments to be recovered from sale of oil and gas before profits are shared with the government. This model was criticised by CAG which said it …

FirstpostOil retailers rise after US crude oil prices tumbleEconomic TimesShares of Oil retailers gained in intraday trade on Thursday after the US crude oil proces tumbled. Indian Oil Corp advanced 2.3 per cent 4.77 per cent in intraday trade. Hindustan P …

Wall Street JournalGovernment exempts ONGC, Oil India Limited from LPG subsidy paymentsEconomic TimesUpstream oil and gas producers ONGC, OIL and GAIL had to borne a portion of subsidy on cooking fuels LPG and kerosene and diesel till October 2014. After d …

Slots of 'sacked' independent directors lie vacant at Oil PSUsEconomic TimesNEW DELHI: Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with m …

Moneycontrol.comOil India December quarter profit halves to Rs 498.2 croreEconomic TimesTurnover dipped by about 20 per cent to Rs 2,194.75 crore. In April-December, OIL reported a net profit of Rs 1,958.48 crore on a turnover of Rs 7,035.24 crore. A year …