ONGC on the hunt for overseas producing assets
Global oil prices sank to a four-year low at below $83 a barrel this month, hitting valuations of energy explorers.
Oct 27, 2014, 17:09 PM IST
ONGC oil output jumps 10%
ONGC, which had over the last few years seen output not matching targets, plans to quickly develop discovered fields to boost oil and gas production.
Oct 27, 2014, 16:58 PM IST
ONGC on the hunt for overseas producing assets
Oil and Natural Gas Corp wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman D.K. Sarraf said.
Oct 27, 2014, 13:11 PM IST
M-cap of top 8 cos surges by Rs 32,825 cr; ICICI, ONGC top gainers
The m-cap of ICICI Bank surged Rs 8,182.5 crore to Rs 1,82,434.20 crore, while ONGC added Rs 5,347.18 crore to Rs 3,45,214.03 crore.
Oct 26, 2014, 11:27 AM IST
Oil Min to overhaul exploration policy: Pradhan
After unveiling major reforms since BJP's storming to power, Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors, spur energy output and revive the economy.
Oct 26, 2014, 11:18 AM IST
Govt to offload 5% stake in ONGC next month, may get Rs 18K cr
The government is likely to divest 5 percent stake in ONGC in the first week of November, which may fetch about Rs 18,000 crore to the exchequer, a top finance ministry official said today.
Oct 20, 2014, 14:14 PM IST
Gas price hike to add Rs 1,950 cr to ONGC profits this fiscal
State-owned Oil and Natural Gas Corp (ONGC) will rake in about Rs 1,950 crore in additional profit this fiscal from the 46 percent rise in natural gas prices announced by the government.
Oct 19, 2014, 13:27 PM IST
A K Srinivasan to be next ONGC Finance Director
Srinivasan will be appointed Director (Finance), ONGC, subject to approval of ACC headed by Prime Minister Narendra Modi.
Oct 15, 2014, 13:48 PM IST
Russia offers India stakes in Siberian oilfields: Sources
Rosneft has offered stakes in its two east Siberian oilfields to Oil and Natural Gas Corp, two Indian sources with direct knowledge of the matter said, as the sanctions-hit Russian company looks beyond Western firms to develop its vast resources.
Oct 08, 2014, 21:34 PM IST
OilMin sets up panel on delays in ONGC's gas discovery
The Petroleum Ministry has set up a committee headed by DGH to inquire into the reasons for delay in developing gas discoveries in ONGC's Krishna Godavari basin KG-D5 block.
Oct 03, 2014, 18:38 PM IST
Swachh Bharat: Oil PSUs to build over 5400 toilets in schools
ONGC will build toilets in 2,500 in 26 districts spread over 13 sates, IOC 1,000 toilets, especially for girls, GAIL 1,021 toilets while refiners Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) will together build 900.
Oct 02, 2014, 20:44 PM IST
Russia's Rosneft offers ONGC stake in eastern Siberia oilfield
The field is estimated to hold 991 million barrels of oil equivalent reserves and is planned to start production in 2017.
Sep 28, 2014, 11:31 AM IST
Petrobras, ONGC find gas in Brazil offshore extension well
Brazil`s state-run oil company Petroleo Brasileiro SA discovered natural gas in a well being drilled to help measure the potential of a giant Brazilian offshore find, the company said in a securities filing on Wednesday.
Sep 25, 2014, 04:19 AM IST
HC notice to Centre on RIL's plea seeking dismissal of ONGC petition on gas exploitation
RIL in its plea has said that the matter was a contractual dispute between the parties and the only issue, of appointment of an independent third party, has been settled amicably, thus ONGC's petition be dismissed.
Sep 24, 2014, 20:51 PM IST
Iran puts ONGC discovered gas field on auction list
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, had in 2008 discovered the Farzad-B gas field in its Farsi exploration block in the Persian Gulf.
Sep 24, 2014, 15:51 PM IST
Govt removes 3 independent directors from ONGC board
The government has removed three independent directors appointed by the previous UPA regime from the board of Oil and Natural Gas Corp (ONGC).
Sep 22, 2014, 16:56 PM IST
ONGC to commission Dahej petrochem plant by June 2015
State-owned Oil and Natural Gas Corp's long-delayed mega petrochemical plant at Dahej in Gujarat will be commissioned by June next year but at 27 percent higher cost of Rs 27,122 crore.
Sep 21, 2014, 11:45 AM IST
ONGC to begin oil production from KG block in 2019
The oil discovery in Krishna Godavari basin block KG-DWN-98/2 or KG-D5 will be the first large oil production from the east coast. The block also has 10 gas discoveries.
Sep 20, 2014, 15:47 PM IST
ONGC invested Rs 81,890 crore for raising output
India's largest oil and gas producer ONGC on Friday said it has invested Rs 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields.
Sep 19, 2014, 13:14 PM IST
OVL to expand oil and gas exploration in offshore Vietnam
ONGC Videsh Ltd, the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), has signed an agreement to expand its oil and gas exploration in offshore Vietnam.
Sep 16, 2014, 16:38 PM IST
