ONGC seeks green nod for Rs 53K-cr KG-basin infra
ONGC is slated to begin production in 2019, with a peak output of 4.5 million tonnes a year, 20 percent more than previous estimates.
May 19, 2015, 16:24 PM IST
ONGC, its partners developing LNG terminal in Mozambique
In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.
May 18, 2015, 18:31 PM IST
Government to allow market price for some natural gas
The government may allow a part of the natural gas produced by firms like ONGC and Reliance Industries from new discoveries to be sold at market price as it looks to boost domestic exploration and production.
May 17, 2015, 11:59 AM IST
Bipartisan bill introduced to end ban on crude oil export
An influential group of Senators from both the Republican and Democratic parties have introduced a legislation in US Senate to end the 1975 ban on crude oil export, which could benefit gas and oil deficient countries like India.
May 14, 2015, 21:30 PM IST
NTPC, Lanco quote winning Rs 1.42/unit bid in subsidy auction
NTPC and Lanco were among the three companies which quoted the lowest bid of Rs 1.42 per unit for availing of subsidy on imported gas to run 14 stranded power projects across the country, in the first ever auction that saw fierce bidding.
May 13, 2015, 00:14 AM IST
ONGC to start appraisal of new area, survey in Mahanadi basin
As part of its effort to ensure energy security, the Centre has decided to undertake fresh appraisal over 40,000 line km including Odisha's Mahanadi basin to find out oil and natural gas reserves.
May 10, 2015, 22:00 PM IST
Rs 400 cr loss to Petronet LNG last fiscal
Petronet LNG has suffered a loss of Rs 400 crore in the last fiscal due to difficulties in getting land for laying pipelines for connecting the Rs 4,000-crore Kochi LNG terminal with demand centres in Karnataka, a top official said Sunday.
May 10, 2015, 18:28 PM IST
Infra sector growth at 17-month low of (-)0.1% in March
The previous low logged by the core industries was in October 2013 at (-) 0.6 percent.
Apr 30, 2015, 18:53 PM IST
8 core sectors register negative growth of 0.1% in March
Eight core sectors registered negative growth of 0.1 percent in March while production growth slowed down to 3.5 percent in 2014-15 against 4.2 previous in previous year, government data showed on Thursday.
Apr 30, 2015, 17:31 PM IST
ONGC strikes 'significant' oil, gas in KG basin
State-owned Oil and Natural Gas Corp (ONGC) Wednesday said it has made another significant oil and gas discovery in its Krishna Godavari basin deepwater block KG-D5, which sits next to Reliance Industries' flaging KG-D6 area.
Apr 29, 2015, 23:25 PM IST
Experts from US firm arrive at ONGC fire site in Gujarat
As the fire at the ONGC's gas well near Surat continued to rage for a fourth day Tuesday, two experts from a US-based company arrived at the site to assess the situation.
Apr 21, 2015, 23:23 PM IST
Govt rebuts suit-boot remark, says UPA raised gas price to $9
Hitting back at Rahul Gandhi for his 'suit-boot' government comment, Oil Minister Dharmendra Pradhan Tuesday said the previous UPA regime had approved a gas price of USD 9 for firms like Reliance Industries without bothering about its impact on the common man.
Apr 21, 2015, 23:21 PM IST
15 days required to bring gas well fire under control: ONGC
Fire at the ONGC's gas well near Olpad town continued for the third day Monday and the top officials of the oil and gas company said it would take at least a fortnight to douse the raging blaze.
Apr 20, 2015, 22:57 PM IST
Russia to invest $2 bn to build pipeline in Pakistan
Russia will invest a whopping USD 2 billion in Pakistan to build a 1,100-kilometre pipeline from southern port city of Karachi to Lahore to transport liquefied natural gas.
Apr 18, 2015, 14:53 PM IST
Pradhan wants ONGC to ramp up output
Petroleum Minister Dharmendra Pradhan Thursday asked state-owned Oil and Natural Gas Corp (ONGC) to step up crude output from its fields in Assam to help reduce India's import dependence.
Apr 16, 2015, 22:52 PM IST
Govt picks up the tab for ONGC, OIL Q4 fuel subsidy
The government has exempted oil producers ONGC and Oil India Ltd from payment of fuel subsidy in the fourth quarter after the finance ministry agreed to meet all of the revenue loss on fuel sales.
Apr 16, 2015, 18:31 PM IST
OIL's 20 MW gas based power plant inaugurated
Oil India Limited's 20 MW Gas Based Power Plant was inaugurated here by Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today.
Apr 15, 2015, 21:58 PM IST
Petronet offers 'gassing up' services at Kochi terminal
After leasing out storages at its under-utilised Kochi terminal, Petronet LNG has started offering services to LNG ships in a bid to generate revenue from different streams to tied over losses.
Apr 12, 2015, 13:45 PM IST
3.5 lakh well-off people have given up subsidised LPGs: PM Modi
Around 3.5 lakh well-off people have given up subsidised LPGs, Prime Minister Narendra Modi has said, noting that the money saved on this will be diverted to those who still use wood for cooking.
Apr 12, 2015, 13:19 PM IST
ONGC's stake buy in Mozambique saw seller reap $1.5 bn profit
State-owned Oil and Natural Gas Corp's (ONGC) acquisition of 10 percent stake in a giant Mozambique gas field had helped the seller make a neat profit of USD 1.5 billion or over 62 percent of the purchase price.
Apr 12, 2015, 13:12 PM IST
