Three employees of the ONGC were on April 21 kidnapped by suspected ULFA-I militants from its Lakwa oilfield in Assam's Sivasagar district along the Assam-Nagaland border.
MEIL has bagged the order to manufacture and supply 47 drilling rigs worth Rs 6,000 crore via a tender from ONGC in 2019.
Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.
After swinging 666.64 points, the 30-share BSE Sensex settled 19.69 points or 0.04 per cent lower at 51,309.39.
Petroleum had been included in the strategic sector as it ensures energy security for the country.
OIL Deputy General Manager (CC) Tridiv Hazarika said that currently the company has explored huge oil and gas reserves in Assam and Arunachal Pradesh while engaged in exploration works in Mizoram.
In 2019, a second attempt was made to sell Pawan Hans but the sale process failed to receive investor response.
The process is now expected to be completed by FY24 as ONGC has decided to consolidate its refining and petrochemicals business around MRPL first before pushing for its merger
Though the dates for next GST Council meeting is yet to be finalised, finance minister sources said its due and may take place anytime after the budget presentation.
Sensex opened at an all-time high of 48,616.66, and the Nifty50 on the National Stock Exchange touched a new record of 14,244.15 points.
Around 10.15 a.m., Sensex was trading at 47,986.84, lower by 189.96 points or 0.39 per cent from its previous close of 48,176.80.
Crude oil production in November stood at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
Meanwhile, the global oil benchmark Brent crude futures were trading 0.45 per cent lower at USD 50.68 per barrel.