ONGC is considering fresh strategies for coal bed methane (CBM) development, nearly two decades after initiating exploration and spending hundreds of crores in largely unsuccessful attempts to bring the assets into production.
Tag: ONGC
Post
Post
ONGC FPO in July
Twice-deferred ONGC’s Rs 11,500 crore follow-on public offer (FPO) is now been scheduled to open 5July.
Post
Cairn-Vedanta deal in ONGC's court
The government’s law officers have held that Edinburgh-based firm needs ONGC’s consent to sell its majority stake in Cairn India to Vedanta Resources.
Post
OVL races for oil block
An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
Post
ONGC leads in 10 blocks at Nelp-9
Oil and Natural Gas Corporation (ONGC) has emerged the provisional winner for close to 10 out of the 29 blocks it has bid for in the ninth round of the New Exploration Licensing Policy (Nelp).
Post
ONGC to have last word in Cairn-Vedanta deal
ONGC will have the last word on the $9.6 billion Cairn-Vedanta deal as the oil ministry has made the firm’s approval mandatory even if the cabinet rules that the royalty dispute in the Rajasthan block should be settled independent of the transaction, government officials said.
Post
Pressure and opportunity
The government appointed AK Hazarika as CMD of Oil and Natural Gas Corporation (ONGC) with effect from 1 February 2011 for a period of three months on ad hoc basis.
Post
NPCC bags project at Mumbai High
National Petroleum Construction Company (NPCC) of Abu Dhabi has bagged a $227 million (Dh834 million) engineering, procurement and construction contract from Oil & Natural Gas Corporation (ONGC), for a wellhead platforms project at the offshore Mumbai High Field.
Post
Oil PSUs capex at Rs 74,800 cr
Oil majors like ONGC will invest over Rs 74,800 crore in capital expenditure in 2011-12 fiscal.
Post
ONGC strikes shale gas in WB
Oil and Natural Gas Corporation (ONGC) has struck shale gas reserves, thus creating an exploration landmark when gas flowed out from the Barren Measure shale at a depth of around 1,700 m, in RNSG-1 well near Durgapur at Icchapur, West Bengal.