Sudhir Vasudeva, Chairman and Managing Director of ONGC informed that the state-run oil and gas explorer would execute 44 mega projects worth about Rs 86,862 crore between 2012-17. Of these projects, 16 would be on-land projects and 28 offshore. Most of the projects are lump-sum turnkey contracts (LSTK)
FlashNews:
IRB Infra and InvIT Projects Post 10% Growth in July 2025 Toll Collections
India Modernises Maritime Laws with Merchant Shipping and Sea Cargo Bills Passed by Parliament
India Sets Global Record with $0.64/kg Green Ammonia Price Under Hydrogen Mission
IndiGo Starts Construction on One of India’s Largest MROs in Bengaluru
SDHI to Manufacture Varex Cargo Inspection Systems in India
Mumbai-Ahmedabad Bullet Train: Sabarmati Bridge Rises to 36 Metres
Tata Power Profit Rises 6% in Q1 FY2026 on Strong Renewable and Distribution Gains
Suzlon Wins 381 MW Order for Zelestra’s First FDRE Wind Project in India
Kandla Port Achieves Major Sustainability Milestone with Megawatt-Scale Green Hydrogen Plant Launch
Ceinsys Tech Profit Surges 112% in Q1 on Execution of FY2025 Infrastructure Mandates
India Extends ALMM Guidelines to Wind Energy Components, Tightens Cybersecurity Framework
Indian Railways to Add 574 km Under ₹1.1 Trillion Multitracking Plan
ArcelorMittal Reports $1.8 Billion Net Income in Q2 FY2025, Up Threefold
NISAR Mission Unites India and US Amid Trade War and Global Tensions
India’s MNRE Revises Solar Cell ALMM Rule to Support Domestic Bids
REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs
Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha
GAIL Posts Q1 FY2026 Revenue of ₹3,479 Billion Amid Sustainability Push
Scindia Urges BSNL Circle Chiefs to Adopt CEO Mindset to Drive Services
Tag: Oil and Natural Gas Corp
Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
Oil ministry seeks speedy nod for 20 blocks
Of the 52 oil and gas blocks which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contractors like RIL, Cairn, BP, BHP Billiton, ONG
ONGC expects to produce 29.1 mn t oil in 2013-14
Oil and Natural Gas Corp (ONGC), which expects to produce 27 million tonne of crude oil from its own fields and its share in joint ventures in 2012-13, plans to raise it to 29.1 million tonne in 2013-14. Of the 29.1 million tonne it expects to produce in 2013-14, 25.78 million tonne would come from its own field
Russian firm invites ONGC for joint role in Magadan blocks
Russia's Rosneft has invited the overseas investment arm of India's state-run Oil and Natural Gas Corp to jointly explore two blocks in the Sea of Okhotsk, Indian Oil Minister Veerappa Moily said last week.
ONGC’s stake sale in KG block awaits govt nod
The sale of 26 per cent stake by Oil and Natural Gas Corporation (ONGC) in its KG Basin exploration block to a Japanese firm is awaiting the approval of the centr