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
Govt needs to reduce oil companies' burden over low margins: Fitch
Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said Friday.
May 08, 2015, 12:22 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
Govt eases gas field development rules for Reliance, ONGC
Easing rules, the government Wednesday approved a policy to allow Reliance Industries and ONGC develop a dozen contentious natural gas discoveries worth about Rs 1 lakh crore at current prices.
Apr 29, 2015, 14:13 PM IST
ONGC to conduct DGH prescribed test to get KG gas going
State-owned ONGC has agreed to conduct tests prescribed by upstream regulator DGH to confirm three key gas discoveries in its Krishna Godavari basin block to end a standoff that stalled its USD 8 dollar project.
Apr 23, 2015, 15:34 PM IST
Govt reconfirms appointment of Sarraf as ONGC head
The government has confirmed the appointment of Dinesh K Sarraf as the chairman and managing director of India's biggest oil and gas producer, ONGC.
Apr 22, 2015, 13:12 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 to auction 69 small oil fields of ONGC, Oil India to private firms
The government will soon auction 69 small and marginal oil fields of state-owned ONGC and Oil India to private firms as a precursor to a full fledged licensing round, Oil Secretary Saurabh Chandra said on Tuesday.
Apr 21, 2015, 15:22 PM IST
Govt exempts ONGC, OIL from LPG subsidy payments
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra said Tuesday.
Apr 21, 2015, 14:53 PM IST
India to auction 69 marginal fields owned by ONGC, Oil India: Official
"Marginal field policy will have approval soon for 69 fields which ONGC and Oil India have agreed to give. We hope to put them for bidding," Saurabh Chandra told reporters in New Delhi.
Apr 21, 2015, 13:45 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
ONGC calls US famed ‘Boots & Coots’ to contain fire at gas well
“Well Olpad-31 caught fire during repair maintenance job yesterday. The experts are expected to reach the well site soon,” the company said in a statement here.
Apr 20, 2015, 15:45 PM IST
ONGC to take over Tapti gas field facilities
With Tapti output declining rapidly, partners in the Panna-Mukta and Tapti fields - RIL, BG and ONGC, have decided to abandon the field.
Apr 19, 2015, 10:35 AM IST
12 injured as ONGC's gas well catches fire near Surat
Twelve persons were injured Saturday when an ONGC's gas well near Olpad town in the district caught fire during a repair operation.
Apr 18, 2015, 21:49 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
Govt to auction oil fields of ONGC to private companies
Government plans to auction 69 small and marginal oil fields of state-owned ONGC and Oil India Ltd to private firms on a new revenue sharing model.
Apr 14, 2015, 15:46 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
After dipping for 7 years, ONGC oil production inches upwards
State-owned Oil and Natural Gas Corporation (ONGC) has reversed a seven-year decline in its crude oil production, showing a marginal increase in output in 2014-15, a top official said.
Apr 08, 2015, 12:30 PM IST
Oil Ministry allows ONGC to sell gas from small fields through bids
Oil Ministry has allowed national oil companies ONGC and Oil India Ltd to sell any new natural gas supplies from their small and isolated fields through an open tender.
Apr 06, 2015, 16:20 PM IST
