ONGC’s Q1 gains were buoyed by rising revenue from new well gas, which crossed ₹17 billion—₹3.3 billion above the administered price mechanism (APM) rate—as the company stepped up output from premium-yielding sources. India’s largest oil and gas explorer, Oil and Natural Gas Corporation (ONGC) has reported a consolidated net profit of ₹115.5 billion for the...
Tag: Oil and Natural Gas Corporation
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ONGC to invest $5 bln in KG Basin
State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs.34,000 crore ($5 billion) long-delayed investment plan to develop its KG Basin fields. This will help boost ONGC's oil and gas output by a fifth in about four years.
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Intellectuals Aboard
More than a year after it sacked three UPA-appointed independent directors on ONGC board, the government has appointed ex-IFS Ajai Malhotra
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LNG terminal on the back burner
Two years after Oil and Natural Gas Corporation (ONGC), with its consortium partners Bharat Petroleum Corporation Limited (BPCL) and Japanese conglomerate Mitsui, signed a memorandum of understanding (MoU) to set up a regasification liquefied natural gas (LNG) terminal at New Mangalore Port, the project is again on the back burner.
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Govt to auction oil fields of ONGC
The Petroleum Ministry has floated a note for the Cabinet Committee on Economic Affairs for auctioning 69 small and marginal oil fields
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ONGC sees 25-30 mscmd from east coast gas block
Oil and Natural Gas Corporation (ONGC) expects peak gas output of 25-30 million standard cubic metre per day (mscmd) from its block off the country's east coast, Exploration Director NK Verma said. Gas production from the deep water block in the Krishna Godavari (KG) basin will begin in 2017. The northern part of the block holds over 2 trillion cubic feet (tcf) of gas, Verma said.
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Re-igniting the spark
With government taking initiative to de-bottleneck the energy sector growth and boost country´s economy, oil and gas majors are busy addressing risk factors and multitasking to integrate their business model in order to ensure future growth, says Pradeep Pandey.
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ONGC’s gas gathering station inaugurated in Assam
The Group Gathering Station, Assam Renewal Project, of the public-sector Oil and Natural Gas Corporation in Assam was inaugurated by the Union Minister of Petroleum and Natural Gas M Veerappa Moily on November 18. Hyderabad-based Megha Engineering & Infrastructure (MEIL) is the lead partner of the consortium which executed the project.
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NGT asks govt if gas can be supplied to Assam tea units
The National Green Tribunal (NGT) on September 19 has asked the Union government, Oil and Natural Gas Corporation and Assam Gas Company to clarify it whether natural gas can be supplied to tea industries around Kaziranga which have been ordered to shut down for using wood and coal for their operations.
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ONGC prepares DoC for deepwater block
State-run exploration firm Oil and Natural Gas Corporation (ONGC) is preparing the Declaration of Commerciality (DoC) for its deepwater discoveries in the Krishna Godavari Basin. The company would soon submit the DoC to the Directorate General of Hydrocarbons for approval. A DoC is necessary to develop any discovery. The com