ONGC to cut gas production by 40%
The company plans to carry out repair work on the 42-inch pipeline that carries natural gas from the Bassein field to Hazira, from July 7 to 27.
Jul 03, 2015, 17:18 PM IST
Stable stocks to give divestment programme a big lift
The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.
Jun 28, 2015, 13:06 PM IST
L&T bags offshore contract worth Rs 2,715 cr from ONGC
The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India.
Jun 24, 2015, 11:48 AM IST
Six discoveries by Cairn in last 1 yr in Rajasthan Block
The 3,111 square kilometer Rajasthan block RJ-ON-90/1 consists of three contiguous development areas Development Area (DA) 1 which comprises the Mangala, Aishwariya, Raageshwari and Saraswati (MARS) fields; DA 2 consisting of the Bhagyam, NI, NE and Shakti fields; and DA 3, having the Kaameshwari West fields.
Jun 23, 2015, 17:54 PM IST
ONGC Videsh gets parent backing for spending allowance hike
State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.
Jun 19, 2015, 00:01 AM IST
ONGC introduces HF technology in Tripura
ONGC Asset undertook hydro-fracturing job in Khubal in North Tripura district to assess actual reserves of the field and in Baramura in West Tripura district to enhance production from tight sands.
Jun 14, 2015, 16:17 PM IST
Finance Ministry returns Oil Ministry's gas price premium proposal
Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.
Jun 09, 2015, 12:22 PM IST
ONGC to invest Rs 41,678 crore on new fields
The company, which produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15, is boosting investment to reverse the declining trend in output at bulk of its old and ageing fields.
Jun 07, 2015, 13:34 PM IST
ONGC Videsh pulls out of Brazil's Poco-Verde oil block
ONGC Videsh Ltd has pulled out of Brazil's Poco-Verde oil block where a new light oil discovery was made earlier this week.
Jun 04, 2015, 21:55 PM IST
ONGC, Brazil's Petrobras discover oil off Sergipe's coast
The discovery of light oil was made in well 3-SES-189 in BM-SEAL-4 deep water block off the coast of the northern state of Sergipe, Brazil's state-run Petroleo Brasileiro SA (Petrobras) said in a statement.
Jun 02, 2015, 17:18 PM IST
Petrobras and ONGC find new oil reservoir off Brazil's Sergipe
Brazil`s state-run Petroleo Brasileiro SA discovered a new deposit of light oil in deep waters off the coast of the northern state of Sergipe, the company said on Monday.
Jun 02, 2015, 09:21 AM IST
RIL overtakes ONGC to become India's most profitable firm
Reliance Industries has overtaken state-owned Oil and Natural Gas Corp (ONGC) to become the nation's most profitable company, posting a consolidated net profit of Rs 23,566 crore in the 2014-15 fiscal.
May 31, 2015, 12:24 PM IST
ONGC shares reverse early losses; settle in green on bourses
The stock slumped 4.51 percent to Rs 313.30 on BSE and was the top Sensex loser. On NSE, the stock went down 4.48 percent to Rs 313.20.
May 29, 2015, 13:06 PM IST
ONGC profit dips 19.5% on higher costs, write-off
State-owned ONGC Thursday reported 19.5 percent drop in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher operating cost and write-off on dry wells drilled.
May 28, 2015, 18:49 PM IST
ONGC Videsh posts 57% drop in net profit at Rs 1,904 cr in FY15
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.
May 25, 2015, 21:39 PM IST
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
State-run oil firms keen to snap up overseas assets: Minister
State-run oil firms looking at buying oil and gas assets aboard.
May 15, 2015, 21:12 PM IST
Iran acting tough on ONGC over development of gas field
Indian firms have so far shied away from investing in Iran for the fear of being sanctioned by the US and Europe.
May 11, 2015, 18:04 PM IST
