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Company Overview and News

Centre to move High Court against international tribunal’s decision favouring Reliance in ‘siphoning gas’ case

New Delhi: Oil Minister Dharmendra Pradhan today said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC.

ONGC reports 36 percent jump in profit in Q4 at Rs.5915 crore

New Delhi: The Oil and Natural Gas Corp has reported a 36 percent jump in profit in the fourth quarter because of higher crude prices and lower statutory levies.

Government to ask ONGC to bear fuel subsidy to help cut petrol, diesel price

New Delhi: The government may ask state-owned Oil and Natural Gas Corp (ONGC) to bear fuel subsidy to help cut petrol and diesel prices, sources said on Thursday. The government does not want to cut excise duty and is looking at alternative means to reduce petrol and diesel prices that had on Tuesday touched an all-time high of Rs 78.43 per litre and Rs 69.31 a litre respectively. Sources said the alternative in works is to ask ONGC give subsidy to fuel retailers so that they can sell petrol and diesel at below market rates.
533106 OIL ONGC

ONGC, OIL face risk of subsidy sharing: Moody’s  

New Delhi: As oil prices rise, Moody’s Investors Service said state-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden.
IOC 533106 OIL ONGC 530965

ONGC arm drags Sudan to arbitration to recover dues

New Delhi : ONGC Videsh (OVL), India’s flagship overseas oil investment firm, has dragged Sudan to an international arbitration court to recover over $400 million in unpaid oil dues pending since 2011.
533106 OIL ONGC

Vedanta, ONGC top bidders for 55 oil and gas blocks

New Delhi : Vedanta and state-owned ONGC were top bidders on Wednesday for 55 oil and gas blocks offered in India’s maiden open acreage auction that was shunned by domestic private and international energy majors.

ONGC may buy out Gail India stake in OPaL

New Delhi : State-owned Oil and Natural Gas Corp (ONGC) may buy out gas utility Gail India in its Dahej mega petrochemical project in Gujarat to take full control of the recently commissioned plant.

IOC, BPCL eye 26% stake each in GAIL India

New Delhi : State-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation (BPCL) may buy a 26 per cent stake each in gas utility GAIL India, paying the government over Rs 20,000 crore each to become integrated energy firms.

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BTE: Baytex Energy Trust Analysis and Research Report

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General Baytex Energy Corp. was incorporated on October 22, 2010 pursuant to the provisions of the ABCA. Baytex is the successor to the business of Baytex Energy Trust, which was transitioned to Baytex on December 31, 2010. Inter-Corporate Relationships The following table provides the name, the percentage of voting securities owned by it and the jurisdiction of incorporation, continuance, formation or organization of its material subsidiaries either, direct and indirect, as at the date hereof. ||Percentage of voting securities (directly or indirectly)|Jurisdiction of Incorporation/Formation| | ------------ | ------------: | :------------: | |Baytex Energy Ltd.|100%|Alberta| |Baytex Energy USA, Inc.|100%|Delaware| |Baytex Energy Partnership|100%|Alberta| Organizational Structure The following simplified diagram shows the inter-corporate relationships among it and its material subsidiaries as of the date hereof. <img src="