Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at
Tag: ONGC
Post
Post
Cairn drills well in Rajasthan block to raise output
According to a company statement, Cairn India commenced drilling of the first exploration well, after a gap of more than four years, in the prolific Barmer Basin in its Rajasthan oil and gas block. The move to drill well follows the endorsement of the exploration Work Programme for the Rajasthan Block (RJ-ON-
Post
ONGC yet to decide on selling stake in Cambay block
State-run explorer Oil and Natural Gas Corporation (ONGC) is yet to decide on selling its stake in the Mehsana block in the eastern flank of the Cambay basin of Gujarat to its partner Essar Energy. It is learnt that Essar, which owns 70 per cent stake in the block, wants to take full control of it. The government is learnt to have awarded the block prior to the
Post
ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
Post
ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
Post
ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
Post
ONGC upgrades hired rig to drill wells
In order to drill three three wells in water depth ranging from 10,170 to 11,318 feet, ONGC upgraded at its own cost an ultra deep-sea drilling rig it had hired from Reliance Industries (RIL). ONGC upgraded the rig at its own cost because it does not want to take the risk of having to pay liquidated damages if these wells were not drilled on time and
Post
ONGC drills well in east coast
On January 23, the ultradeep water drillship DDKG1 spudded well NA7-1 in exploratory block KG-DWN-2004/1 in east coast India at a water depth of 3165 metre (10,385 feet), state-owned Oil and Natural Gas Corp (ONGC) informed. With this, ONGC set a world record for drilling well in deepest water depth by an offshore drilling rig, the firm said in a statement
Post
Net profit of ONGC declines 17.5%
The net profit of state-run Oil & Natural Gas Corp (ONGC) fell 17.5 percent during Oct-Dec 2012 to Rs 5,563 crore from Rs 6,741 crore in the same period previous year. The company attributed the contraction in the bottomline to a higher tax on crude oil and fall in its oil and gas output. The cess on crude oil was raised 80 perc
Post
ONGC plans to raise gas output from Tripura
State-run oil explorer ONGC is keen to raise natural gas output from onshore fields in Tripura in order to feed its upcoming 726.6 mw power plant and also to supply its customers. The country's biggest oil and gas explorer plans to raise its output from the fields to 5 million metric standard cubic metre per day (mmscmd). This would be pea