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
Tag: ONGC
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OVL eyes stake in Arctic Ocean projects
Reports suggest that ONGC Videsh (OVL) is interested in picking up stake in the oil and gas exploration projects in Arctic Ocean and expand in Siberia and Far East Russia.
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OEC ties up with Talboom
Talboom, a geothermal energy firm in Belgium, has entered into a joint venture with ONGC Energy Centre (OEC) for harnessing the energy in South Cambay basin of Gujarat.
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ONGC to sell stake
ONGC will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan’s Inpex Corporation.
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GAIL cuts stake in ONGC proj
GAIL India has cut its equity stake in ONGC’s Dahej mega petrochemical project to 15.5 per cent after project cost further escalated by 9.5 per cent.
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149 discoveries in oil and gas sector
The Minister of State for Petroleum and Natural Gas RPN Singh informed that under Production Sharing Contract (PSC) regime, so far 149 hydrocarbon discoveries have been made;
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149 discoveries in oil and gas sector
The Minister of State for Petroleum and Natural Gas RPN Singh informed that under Production Sharing Contract (PSC) regime, so far 149 hydrocarbon discoveries have been made;
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ONGC stake sale
Finance Minister Pranab Mukherjee said the government raised Rs 12,666 crore from the auction of its 5 percent stake in ONGC.The minister said auction route to sell government stake in a PSU was a “highly experimental option†and added that the auction was a great success.The final demand was for 42.04 crore shares against an offer of 42.77 crore shares.
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BHEL bags ONGC order
BHEL has secured Rs 774 crore contract from ONGC to supply onshore drilling rigs. The order envisages supply of six onshore drilling rigs with AC drives.The equipment will be manufactured by BHEL’s Hyderabad plant, while the electrics will be manufactured by the company’s Bhopal plant.
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ONGC to speed up KG Basin work
The Oil and Natural Gas Corporation (ONGC) will accelerate work on a major oil and gas project in the Krishna Godavari basin by taking up works simultaneously with regard to exploration, development and seeking approvals from the government. ONGC has taken to production of both oil and gas from the KG Basin in a small way late in 2011.