ONGC has crossed its daily production target of 16,200 tonnes per day and has accordingly revised its annual goal upward to 5.9 million tonnes for this fiscal. ´Production trend has reversed in recent months.
Tag: ONGC
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India sees $20 billion investment in gas fields
India will see an investment of about $20 billion in gas field development in the next 5-7 years and is looking to boost usage of the green fuel and double consumption, Oil Minister Dharmendra Pradhan has said.
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Advancing Infrastructure
Industry experts and global thought-leaders shared best practices and defined the future of infrastructure project delivery and asset performance at the ´Year in Infrastructure 2016´ conference in London, showcased by Bentley Systems. SUMIT BANERJEE takes a look at the proceedings.
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Govt wins $1-bn cost dispute with RIL, BG
The government has won a major portion of the $1 billion arbitration with Reliance Industries and British firm BG Group over recovery of cost in western offshore Panna/Mukta and Tapti oil & gas fields.
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ONGC nod for stake in GSPC gas block
State-owned Oil and Natural Gas Corp (ONGC) has approved signing of a preliminary agreement to buy a stake in Gujarat government firm GSPC´s KG basin gas block, according to a reportin the Business Line.
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OVL wants oil in lieu of $537 million cash due from Venezuela
ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), wants $537 million worth of crude oil in lieu of cash due for its share of sales from Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and invested $190 million in 2008.
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ONGC approves stake in GSPC gas block
The board of state-owned Oil and Natural Gas Corp (ONGC) has approved signing of a preliminary agreement for buying a stake in Gujarat government firm GSPCÂ’s KG basin gas block, reports Business Line.
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OVL seeks oil in lieu of $537 million due from Venezuela
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), is seeking $537 million worth of crude oil in lieu of cash due for its share of sales from a Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and had invested about $190 million in the project in 2008.
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ONGC seeks buyers for deep-water field in KG Basin
Oil and Natural Gas Corporation (ONGC) is seeking buyers for gas from a new deepwater field in the KG Basin, which will be the first to supply under the new policy that allows companies to charge a much higher rate for output from challenging fields.
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ONGC, HPCL may sell stake in MRPL
State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.