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Government challenges PMT fields verdict in UK high court SECTIONS Last Updated: Jun 07, 2021, 08:00 AM IST Share Synopsis RIL and Shell owned 30% participating interest each in the PMT fields while ONGC owned the balance 40% until 2019 when the production contract expired. Getty Images The government has challenged before the English High Court an arbitral award over the development cost applicable to the Panna, Mukta and Tapti (PMT) fields in an old dispute with Reliance Industries and Shell, which has gone back and forth between the arbitration tribunal and courts for years. The dispute between the government and erstwhile stakeholders in PMT fields Reliance Industries and Shell (formerly BG Exploration) has been over the state’s share of income from these fields. ....
India News: MUMBAI: Three executive directors of ONGC have been suspended as part of the high-level committee inquiry into last month's barge tragedy which claime. ....
Last month, ONGC Barge P305 with 216 people on board sank off the Mumbai Coast when Cyclone Tauktae was hurtling through the Western coastline of the country. ....