ONGC eyes Mexican oil and gas blocks
The company is pitched against the US majors ExxonMobile and Chevron, Anglo-Dutch firm Shell as well as national oil companies and Mexican players for 14 shallow water exploration blocks in the country's southern region.
Apr 05, 2015, 10:44 AM IST
Govt cuts natural gas prices by 8% to $4.66 per unit
Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.
Mar 31, 2015, 16:50 PM IST
Govt lowers April-Sept natural gas prices by 8%
Natural gas prices have been slashed by 8 percent to USD 4.66 per unit for the first half of next fiscal year from April 1 on gross heat value basis.
Mar 31, 2015, 16:37 PM IST
ONGC renews insurance 35% cheaper from United India for $20 mn
Energy major ONGC has driven a hard bargain to renew its insurance and re-insurance covers, at USD 20 million -- a discount of 35 percent -- for its offshore assets valued at USD 34 billion from state-run United India Insurance and two global re-insurers.
Mar 30, 2015, 21:42 PM IST
Natural gas price to be cut by 9% to $4.56 from April 1
The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.
Mar 30, 2015, 10:44 AM IST
ONGC lost focus in past years: Sarraf
"At some places, we got de-focused. Exploration and production (of oil and gas) is our main stay. We need to stay in E&P," he said at the Urja Sangam Conference here.
Mar 27, 2015, 20:21 PM IST
Slots of 'sacked' independent directors lie vacant at Oil PSUs
Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with most of those positions still lying vacant.
Mar 23, 2015, 16:09 PM IST
Stake sale in 4 PSUs likely to yield Rs 22,547 crore: Sinha
The Cabinet Committee on Economic Affairs (CCEA) has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs 22,574 crore, the Lok Sabha was informed Friday.
Mar 20, 2015, 15:31 PM IST
Natural gas price to be cut by 10% to $5.02/unit from April 1
The price of domestically produced natural gas is likely to be slashed by over 10 percent to USD 5.02 per unit from April 1, the first ever reduction in rates of the fuel.
Mar 18, 2015, 10:58 AM IST
Govt examining CAG report on irregularities in ONGC hiring rig
The government is examining CAG allegations of irregularities in ONGC hiring a deep sea drilling rig from Reliance Industries and will take appropriate action, Oil Minister Dharmendra Pradhan said on Monday.
Mar 16, 2015, 15:22 PM IST
DGH to renegotiate fiscal terms of Cairn's Rajasthan block
"We have asked DGH to renegotiate terms with both the contractors, Cairn and Oil and Natural Gas Corp (ONGC)," a senior government official said.
Mar 15, 2015, 11:16 AM IST
Oil Ministry to protect ONGC on subsidy payout: Pradhan
Oil Ministry is keen to protect state-owned ONGC from subsidy burden in the March quarter as volatility in crude oil prices have taken a hit on its finances, Petroleum Minister Dharmendra Pradhan said today.
Mar 09, 2015, 18:39 PM IST
IOC, ONGC, OIL likely to face US sanctions for Iran ties
State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.
Mar 08, 2015, 11:13 AM IST
OilMin suspends ONGC technical director Shashi Shankar
The Oil Ministry has suspended ONGC's Director (Technology and Field Services) for alleged irregularities in an awarded Rs 23 crore tender of 2011, the first such action against a director since the company was listed two decades ago.
Feb 24, 2015, 16:09 PM IST
ONGC signs MoU with Super Wave Tech on hydraulic fracturing
Super Wave Technology (SWTPL) is a company incorporated by Society for Innovation and Development, Indian Institute of Science, Bangalore.
Feb 18, 2015, 21:25 PM IST
ONGC Q3 profit halves to Rs 3,571 crore on fuel subsidy payments
State-owned Oil and Natural Gas Corp (ONGC) on Saturday reported halving of its net profit in the December quarter after being forced to pay fuel subsidises despite plummeting oil prices.
Feb 14, 2015, 19:54 PM IST
ONGC to pay Rs 8.7K cr subsidy as FinMin gives only Rs 5,085 cr
ONGC and other state-run explorers may have to pay about Rs 10,900 crore in fuel subsidy after Finance Ministry has agreed to provide only Rs 5,085 crore in cash subsidy for the December quarter.
Feb 12, 2015, 10:55 AM IST
MRPL raises stake in ONGC Mangalore Petrochemicals to 46%
The company, a subsidiary of Oil and Natural Gas Corp (ONGC), bought some 25,000 equity shares of Rs 10 each from mostly employees.
Feb 09, 2015, 23:12 PM IST
ONGC disinvestment unlikely this fiscal
The disinvestment of 5 percent stake in state-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved.
Feb 08, 2015, 12:52 PM IST
ONGC says natural gas output to jump 81% by 2019
State-owned Oil and Natural Gas Corp (ONGC) Wednesday said its natural gas output will jump 81 percent to 116 million standard cubic meters per day by 2019 after it bring newer fields in western and eastern offshore into production.
Jan 28, 2015, 18:45 PM IST
