ONGC, OIL earnings to decline

State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd are likely to see earnings decline and credit metrics weaken due to fall in oil prices, Moody’s Investors Service said on Thursday. Continue Reading

Shell-Reliance give up Panna-Mukta oil fields after 25 years

Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance. ONGC, which had originally discovered the fields, as a government nominee given 40 per cent back-in rights. Continue Reading

Need accelerated gender parity says ONGC HR Director

‘Gender equality is the prominent issue in a patriarchal society like ours. India is a fastest growing financial power but when it comes to gender parity, we need an accelerated pace to increase substantially the number of women joining the working force,’ said Oil and Natural Gas Corporation (ONGC) HR Director Alka Mittal. Continue Reading