State-run exploration firm Oil and Natural Gas Corporation (ONGC) produces crude oil and natural gas from 110 fields. Of them, 15 contribute 73 per cent of the production. These fields are old.
Tag: Portal
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KoPT expects Rs 5 cr from ship breaking operation
Kolkata Port Trust (KoPT) expects to earn revenues worth nearly Rs 5 crore a year initially through ship breaking operation, which it decided to resume after a gap of almost three years.
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CRISIL expects credit quality of India Inc to improve
Ratings agency CRISIL expects credit quality trends of Indian companies to improve marginally in 2013-14 on the back of easing demand pressures, softening commodity prices, and a fall in interest rates during the year.
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The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
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RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.
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India committed to IPI proj
Indian government is keen to pursue the ambitious Iran-Pakistan-India (IPI) gas pipeline project.
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Rs 1.5 tn facelift for ports
The Ministry of Shipping has drawn out an investment plan of Rs 155,455 crore for modernisation and expansion of ports during the 12th Five Year Plan.
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Banks to offload infra portfolio to IIFCL
The government will ask banks to sell their infrastructure portfolio to state-run Indian Infrastructure Finance Company (IIFCL) to free up funds and reviving a crucial scheme for long-gestation projects.
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Global bids for Kochi ship repair yard
Having failed to rope in its neighbouring public sector shipyard, the Cochin Port Trust has decided to go in for a global tender to choose a partner for its proposed ship repair yard.
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Separate dept for IWT in west Bengal
Inland water transport (IWT) system in West Bengal will soon be carved out into a separate department.