Winds Of Privatisation Put ONGC And IOC Stakes In The Spotlight

Cairn Rejects ONGC Claims Of Pre-Emptive Rights Following Vedanta Offer

Companies / India UK-listed Cairn Energy has rejected the assertion of pre-emptive rights by India's state-run Oil and Natural Gas Corporation (ONGC) over the planned sale of a majority stake in the former's Indian subsidiary....

Privatisation Opens Up Investment Opportunities

Economy / India BMI View: The government's sale of stakes in ONGC and IOC is part of a series of asset sales in state-run companies designed to bridge its fiscal deficit, presenting an opportunity for investors to...

ONGC Expects To Bring Three Western Offshore Gas Fields Onstream By 2013-14

Companies / India India's state-run Oil and Natural Gas Corporation (ONGC) has estimated that the development of three western offshore fields will add about 15mn cubic metres per day (Mcm/d) to India's gas production in...

D3 Block Potential Highlighted By Fourth Consecutive Gas Discovery

Industry / India India's Reliance Industries has made its fourth consecutive gas discovery at deepwater Block D3 in the Krishna Godavari (KG) basin off the east coast of India.

Potential ONGC Counterbid Threatens Vedanta's Cairn India Takeover Deal

Industry / India India's state-owned Oil And Natural Gas Corporation (ONGC) is considering countering a US$9.6bn bid by mining company Vedanta Resources for a stake in Cairn Energy's Mumbai-listed subsidiary Cairn India....