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.
FlashNews:
NTPC, Africa50 Join Forces to Develop Power Projects Across Africa
NHAI Introduces Independent Design Checks for Major Bridges and Critical Highway Structures
SITA to Acquire Collins Aerospace Airport Solutions, Expanding Global Airport Technology Capabilities
RITES Dispatches First 18‑Coach Rake to Bangladesh Railway under Export Contract
AM/NS India Signs Pact to Upgrade Four ITIs in Andhra Pradesh under PM‑SETU
KONE Opens India’s First Digital Experience Centre in Pune to Drive Smart Building Innovation
NTPC Seeks Industrial Partners for 26% Equity in Co‑Generation Projects
India Businesses Advance AI, Digital Tools and Sustainability: Autodesk Report
Modi Opens India Mobile Congress, Says Nation Has Shifted from Consumer to Creator
Air India, Akasa Join IndiGo in Raising Fares as ATF Costs Surge 25%
Tata Power Partners with Norway’s Ocean Sun to Pilot Membrane‑Based Floating Solar in India
New Relic Rolls Out Infrastructure 360 for Faster, Smarter AI Operations
Inox Green Completes ₹5.5 Billion Acquisition of Wind World’s 4.5 GW O&M Business
Air India, Singapore Airlines Deepen Partnership to Expand Travel Options, Loyalty Benefits
Alok Tiwari Takes Additional Charge as DFCCIL MD, Pushes Tech‑Driven Freight Corridor Agenda
India Launches Integrated Transport & Logistics Authority to Cut Costs and Boost Connectivity
India’s Infrastructure Future Hinges on Making Projects Investable and Tech‑Driven: Deloitte Survey
FLY91 Expands Regional Network with Ceremonial Touchdown at Navi Mumbai International Airport
Brahmaputra Set to Reclaim Global Role as Dibrugarh Sends First Cargo to Bangladesh
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.
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.
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.
RIL withdraws from Oman
Reliance Industries (RIL) has withdrawn from an offshore oil exploration block in the Sea of Oman.
India committed to IPI proj
Indian government is keen to pursue the ambitious Iran-Pakistan-India (IPI) gas pipeline project.
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.
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.
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.
Separate dept for IWT in west Bengal
Inland water transport (IWT) system in West Bengal will soon be carved out into a separate department.

