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DARK SECRETS: 3 | Vintage Vibes

Reliance Industries shares climb over 4%; ONGC jumps 7%

NEW DELHI: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.

The Times of India

IIT Madras develops life cycle management system for ONGC

The structural integrity management system developed by the Ocean Engineering department of the IIT Madras will help ONGC in extending the life of its equipment in offshore oil platforms

The Hindu

June 28 tragedy: ONGC staff battled rough seas for 2.5 hours before they were pulled out, say sources

MUMBAI: A delayed rescue operation in inclement weather may have cost four lives after a Pawan Hans helicopter made an emergency landing near an ONGC rig last month, reports Manju V. When the chopper landed off Mumbai High on a rough sea, the occupants managed to unfasten seat belts, open…

The Times of India

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Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

PSU refiners to lose monopoly over domestic crude from October 1

NEW DELHI: Domestic producers will be free to sell crude from their fields to government and private refineries from October 1, ending the historical monopoly of state-run refiners over domestic crude.

The Times of India

4 die as Pawan Hans helicopter headed for oil rig off Mumbai coast lands at sea, goes down

MUMBAI: Four of the nine occupants of a Pawan Hans helicopter died after the aircraft, carrying ONGC officials to an oil rig in Bombay High, made an emergency landing in the Arabian sea on Tuesday.

The Times of India

Four dead after Pawan Hans chopper makes emergency landing in Bombay High

MUMBAI: Four people were killed after a Pawan Hans helicopter with nine on board made an emergency landing on the Arabian sea on Tuesday.

The Times of India

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Four dead as ONGC chopper falls into sea off Mumbai

Helicopter crashed near the ONGC’s Sagar Kiran rig.

The Hindu

Govt to pursue $3.85 billion recovery from Reliance, partners

NEW DELHI: The government on Monday said it will pursue recovery of $3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields.

The Times of India

Data | India’s downturn in domestic crude oil production persists

India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance

The Hindu

ONGC seeks permission from Bihar govt to conduct oil exploration in Buxar, Samastipur

PATNA: Bihar may soon be recognised as a mineral rich state as several fresh explorations for assessing presence of minerals are set to commence over the next few months.

The Times of India

VMC gets manhole cleaning robot

OGNC presented the machine worth Rs. 39.5 lakh to VMC

The Hindu

India's crude oil production falls 1% in April

NEW DELHI: India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday.

The Times of India

India State-Owned Energy Firm Considers Raising Stakes In Russian Oil Fields Amid Ukraine Invasion

While countries worldwide have imposed sanctions and withdrawn trade deals with Russia after it invaded Ukraine, India seems to be taking advantage of the situation to ramp up its energy assets.

Benzinga

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The Hindu

Morning Digest | Ministry asks health facilities to be ready for soaring temperatures; Moon not sighted, Eid-ul-Fitr to be celebrated on May 3, and more

A select list of stories to read before you start your day

The Hindu

Congress raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored

The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51% stake in helicopter services provider Pawan Hans Ltd

Dynamite News

Senior IRTS officer Ranjan Prakash Thakur assumes charge as Chief Vigilance Officer of ONGC

Ranjan Prakash Thakur, an Indian Railway Traffic Service (IRTS) officer of 1990 batch has taken charge as Chief Vigilance Officer (CVO) of the country's Maharatna company Oil and Natural Gas Corporation (ONGC). Full details on Dynamite News:

The Times of India

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 crore

NEW DELHI: A government panel on Friday approved the privatisation of state-run helicopter services provider Pawan Hans Ltd (PHL) accepting the highest bid of Rs 211.14 crore from a consortium — Star9 Mobility Private Ltd — which has promised to turn the losing making entity into a on demand helicopter…

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The Times of India

Star9 Mobility Private Ltd to buy govt's 51% stake in Pawan Hans

NEW DELHI: The government has approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with transfer of management control for Rs 211.14 crore to Star9 Mobility Private Ltd, the finance ministry said on Friday.

The Hindu

Andhra Pradesh: ONGC to give ₹161 crore as compensation to people affected by pipeline project in KG basin

23,450 people in Kakinada and Konaseema districts likely to lose livelihood

The Hindu

Govt doubles gas price to record levels; CNG rates may go up

The new price, which is likely to result in a hike in CNG and piped cooking gas rates, will be for six months beginning April 1

The Times of India

Domestic gas price up 110% to $6/unit on conflict impact

NEW DELHI: The price of natural gas produced from government-regulated domestic fields will rise to $6.1 per unit (million per British thermal unit), their highest-ever, from April 1 due to the impact of higher global benchmark prices on the latest six-monthly revision.

The Times of India

Govt to sell up to 1.5% in ONGC to raise Rs 3,000 crore

NEW DELHI: The government will this week sell up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC to raise about Rs 3,000 crore.

The Hindu

MEIL gives 10 land drilling rigs to ONGC for exploration in KG basin

The rigs can be used for drilling up to a depth of 6,000 metre

The Times of India

India gets 10 bids for 8 oil, gas blocks in latest bid round

NEW DELHI: As many as four companies, including three state-owned, put in 10 bids for the eight oil and gas blocks on offer in India's latest round of bidding for exploration acreage, according to the Directorate General of Hydrocarbons (DGH).

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