New Delhi In an attempt to de-risk its exploration business, state-owned Oil and Natural Gas Corp (ONGC) plans to foray into gas retailing business through a new subsidiary -- ONGC Gas Ltd.

ONGC would use the new subsidiary for its foray into city gas distribution business and sale of imported liquefied natural gas (LNG), company officials said here. The new unit may be aimed at making amends to the company letting go lucrative opportunities to enter gas business.

June may turn out to be the luckiest month for government oil marketing companies for the third year in a row.

In order to keep the nation's largest liquefied natural gas importer a private firm.

The Oil Ministry has rejected public sector oil companies' plan to acquire Asian Development Bank's stake in Petronet LNG so as to keep the nation's largest liquefied natural gas (LNG) importer a private firm. The ADB had on August 23 last year offered to sell its 5.2% stake in Petronet, in which GAIL, IndianOil (IOC), Bharat Petroleum (BPCL) and Oil and Natural Gas Corp (ONGC) hold 12.5% stake each and have a first right of refusal

India has escaped a standoff — a repeat of the South China Sea squabble — with neighbouring Bangladesh following a ruling by International Tribunal for Law of the Sea (ITLOS) that India’s natural g

Agartala: ONGC-Tripura Power Corporation (OTPC)’s 724-MW gas-based thermal power project at Palatana in South Tripura district would start generation by June, a top official of state-owned oil major ONGC said on Tuesday. The first phase of the project would be operational by June, ONGC Chairman and Managing Director Sudhir Basudeva, who reviewed the progress of work at the project with OTPC officials on Monday, told reporters here.

Agartala: Oil giant ONGC along with a Vietnamese company will launch joint exploration for oil in the South China Sea despite objections from China, a top company official said on Tuesday.

“There is nothing wrong in it. ONGC-Videsh has got this asignment through an international bid and we will go ahead with our exploration work with a Vietnamese oil company,” ONGC Chairman and Managing Director Sudhir Vasudeva said here.

Oil giant ONGC along with a Vietnamese company will launch joint exploration for oil in the South China Sea despite objections from China, a top company official said today.

tHE 724-MW gas-based thermal power project is a JV between ONGC and Tripura Power Corporation

ONGC-Tripura Power Corporation (OTPC)'s 724-MW gas-based thermal power project at Palatana in South Tripura district would start generation by June, a top official of state-owned oil major ONGC said today.

New Delhi The Supreme Court on Monday sought replies from the Centre, ONGC and others on a PIL seeking a CBI probe into the $8.48-billion Cairn-Vedanta deal, besides a direction to the government to cancel its approval for the deal on the ground that the country would lose over Rs one lakh crore in the process.

The Cabinet Committee on Economic Affairs, headed by Prime Minister Manmohan Singh, had on January 24 granted final approval to Vedanta Resources’s acquisition of a majority stake in Cairn India for $8.48 billion.

The Supreme Court on Monday issued a notice to the Centre on a petition demanding that the Government approval for the Cairn Energy-Vedanta Resources deal be declared invalid.