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Pressure and opportunity

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.

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NPCC bags project at Mumbai High

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.

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ONGC strikes shale gas in WB

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.

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Vedanta-Cairn subject to 11

Vedanta-Cairn subject to 11

The Ministry of Oil and Petroleum is willing to give in-principle approval for Vedanta Resources’ acquisition of Cairn India, provided the Vedanta agrees to a set of 11 preconditions.