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.
Tag: ONGC
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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
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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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.
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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
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.
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ONGC takes on East coast gas block by itself
ONGC has decided to develop the gas-rich exploration block in the Krishna Godavari basin by itself.
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ONGC bids for stake in Angola oil block
Oil and Natural Gas Corporation (ONGC) has bid for US energy major Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.
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ONGC to connect Agartala with B'desh port
The Oil and Natural Gas Corporation (ONGC) is building a Rs 25 crore 50 km road from Ashuganj river port in Bangladesh to Agartala and will also develop the port.