Oil and Natural Gas Corporation (ONGC) and the Directorate General of Hydrocarbons (DGH) have given Cairn India the go-ahead to start production from the Bhagyam oilfield, the second-largest find in the prolific Rajasthan block.
Tag: ONGC
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New environmental regulatory framework needed for shale gas
India is technologically ready for shale gas, but higher environmental risks and land acquisition issues pose major concerns. SV Rao, Director (Exploration), Oil and Natural Gas Corporation Limited (ONGC), explains to Sudheer Vathiyath how they can be offset.
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Shale Gas: The unlikely alternative?
The government’s plan for bidding out the shale gas blocks for exploration has been postponed till 2013, and it seems India is in the dilemma of how to take its shale gas initiatives forward in policy. The delay points to a debate on the environmental hazards. Given the greater likelihood of groundwater contamination, will shale gas be a reality in the near future? Sudheer Vathiyath explores.
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ONGC to farm out equity in CBM assets
ONGC is exploring opportunities to farm-out equity interests in its four CBM assets including one in West Bengal and three in Jharkhand.
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ONGC looks for foreign partnership in oil hunt
The state-run ONGC is exploring the possibilities of a tie-up with gloÂbal companies to boost its domestic deep-water hydrocarbons hunt. On offer are 19 oil and gas acreages, including the east coast ultra-deepwater gas diÂsÂcovery
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RIL plans $2.33 bn investment
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant. The corporation has another plant at Uran.
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India, Vietnam sign pact on oil & gas cooperation
ONGC Videsh (OVL), and the Vietnam oil and gas group PetroVietnam (PV) have signÂed an agreement on cooperation in the field of oil and gas. The framework agreement was signed in the presence of Prime Minister Manmohan Singh and Vietnamese President Truong Tan Sang, who was on a visit to India.
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Gas demand to more than double by 2017
India's natural gas demand is set to more than double by 2016-17 with most of incremental demand coming from power plants. As per the projections made by Oil Ministry for the 12th Five Year Plan (2012-13 to 2016-17),
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ONGC to form JV with NPCIL
ONGC plans to have joint venture (JV) with Nuclear Power Corp of India (NPCIL). The company is to invest aroÂund Rs 2,940 crore in 5- 6 years in the project. ONGC plans to buy 49 per cent of the shares of one of the five proposed nuclear plants of NPCIL
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ONGC seeks land at Dahanu
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant.