The Petroleum Ministry has floated a note for the Cabinet Committee on Economic Affairs for auctioning 69 small and marginal oil fields
Tag: ONGC
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ONGC will see production growth
Oil and Natural Gas Corporation Limited (ONGC), the country´s largest oil and gas exploration firm
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Milestone Feat
AFCONS has carved a niche for the company by becoming the first Indian EPC contractor for installing a process platform for ONGC using float-over technology on time.
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Piping hot
During the Eleventh Plan period (2007-2012), domestic players exceeded the planned capital expenditure outlay. They invested Rs 2,751.6 billion, 120 per cent of the planned target of Rs 2,289.9 billion.
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Tapti field shows signs of early dry-out
The Tapti gas field, part of the Panna-Mukta-Tapti asset in the west coast of India, has started showing signs of a rapid early decline in output. According to the latest estimates, the field, which was earlier expected to produce till the end of the next financial year, might see production end by June.
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ONGC disinvestment unlikely this fiscal
The disinvestment of 5 per cent stake in State-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.
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The new gas pricing policy is a step in the right direction but more is needed
The government has highlighted Oil & Gas (O&G) as a priority sector as part of its ‘Make in India’ campaign. The focus in O&G will be on Oil Field Services and Equipment (OFS). An interesting model could be Malaysia and Dubai kind of service hubs on the east coast and west coast of the country.
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Govt gives green nod to 190 projects worth Rs.6.31 lakh cr
Environmental clearance has been given to 190 projects, entailing an investment of Rs 6.31 lakh crore across sectors like mining and steel during June-December as part of the National Democratic Alliance (NDA) government´s policy to fast-track industrial development and generates jobs.
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Government clears 30 oil & gas discoveries
Ending months of logjam over discoveries mired in contractual disputes, the government has cleared 30 projects of firms like Cairn India and ONGC to help monetise about 2.6 trillion cubic feet of gas reserves.
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Government to auction 69 small, marginal oil fields
The government plans to auction 69 small and marginal oil and gas fields to private firms on a new revenue sharing model, oil minister Dharmendra Pradhan has said.