ONGC mulls drilling nine development wells in 2 fields
Oil and Natural Gas Corporation Ltd is planning to undertake drilling of nine development wells in KG-OSN-2004/1 and GS-49-2 fields beside creation of other infrastructure in KG Basin with an investment outlay of Rs 3,750 crore.
Mar 14, 2016, 16:57 PM IST
D5 Block: ONGC sees over $4 billion investment, announcement very soon
On the heels of the government announcing a slew of reforms in the oil and gas sector, state-run explorer ONGC today said it will finalise "a multi- billion dollar investment plan" for the 98/2 fields of D5 Block in the KG Basin by the month-end or early April
Mar 13, 2016, 00:24 AM IST
ONGC gets back Ratna & R-Series, Amguri oil fields
The Ratna and R-series oil fields, 130-km off the Mumbai coast, hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.
Mar 10, 2016, 13:21 PM IST
ONGC accuses DGH of not discharging its duty
ONGC has charged upstream body DGH with not discharging its contractual and statutory duty and obligation properly that resulted in a controversy over migration of its gas to neighbouring block of Reliance Industries
Mar 07, 2016, 17:31 PM IST
Govt to hike gas price for ONGC, RIL by 60%
In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 percent for their undeveloped gas discoveries in difficult areas.
Mar 03, 2016, 13:26 PM IST
ONGC board approves Rs 5,050-cr investment in Tripura
The board of state-run ONGC has approved an investment of Rs 5,050 crore in Tripura for drilling of wells and creation of surface facilities to produce 5.1 mmscmd gas from the state's fields.
Feb 20, 2016, 20:21 PM IST
RIL not to boycott Shah panel in gas dispute with ONGC
In a U-turn, Reliance Industries has decided to participate in the deliberation of one-man A P Shah Committee deciding over the company allegedly producing gas belonging to state-owned ONGC.
Feb 11, 2016, 21:26 PM IST
ONGC Q3 Net dips 64% to Rs Rs 1,286 crore, lowest in 15 years
Net profit of Rs 1,286 crore in October-December was 64 percent lower than Rs 3,571 crore in the same period a year ago, ONGC Chairman and Managing Director Dinesh K Sarraf told reporters here.
Feb 11, 2016, 21:24 PM IST
Govt exempts ONGC, Oil India from fuel subsidy payment in Q3
Government has exempted state-owned ONGC and Oil India from payment of fuel subsidy in the third quarter ended December 31, as slump in oil prices dented their revenues.
Feb 09, 2016, 18:35 PM IST
Govt's gas pricing formula not viable to develop KG gas: ONGC
State-owned Oil and Natural Gas Corp (ONGC) has sent an urgent message to Petroleum Ministry, saying the natural gas prices according to a formula approved by the BJP-led government was not viable to develop its KG basin discoveries.
Feb 04, 2016, 20:55 PM IST
ONGC gets green nod for Rs 53,000 crore KG basin infra project
State-owned ONGC has got environmental clearance for drilling 45 development wells and other related infrastructure involving a cost of over Rs 53,000 crore in the Krishna-Godavari basin in Andhra Pradesh.
Jan 24, 2016, 18:38 PM IST
IIIT to be set up in Tripura
An Indian Institute of Information Technology (IIIT) would be set up in Tripura to encourage the youth to study job-oriented courses within their region, the state`s Higher Education Minister Tapan Chakraborty said on Tuesday.
Jan 19, 2016, 18:08 PM IST
ONGC Videsh refinances $1.78 bn loan at lower coupon rates
In a first by a public sector firm, ONGC Videsh Ltd has refinanced a USD 1.775 billion loan at lower rates to save nearly USD 37 million in interest payout, besides extending the repayment tenure.
Jan 17, 2016, 11:50 AM IST
Top 10 most valued companies add Rs 28,382 cr to market cap
The combined market valuation of top 10 Sensex companies rose by Rs 28,382.58 crore last week, with ONGC emerging as the biggest gainer.
Dec 27, 2015, 11:54 AM IST
Fortune top 10 Indian compaines in 2015
Indian Oil Corporation has maintained its number one position followed by Reliance Industries in terms of revenue for the sixth consecutive year in the list of Fortune 500 Indian companies 2015.
Dec 24, 2015, 15:04 PM IST
Shah Committee to look into RIL, ONGC dispute: Pradhan
A one-man committee was constituted Wednesday to look into acts of omission and commission and recommend compensation to ONGC whose natural gas from Bay of Bengal block had flowed to adjoining fields of Reliance Industries.
Dec 16, 2015, 19:31 PM IST
Govt to auction 28 oil, gas blocks off Mumbai; 14 in KG basin
As many as 28 oil and gas fields out of the 69 small and marginal fields of state-owned firms that the government plans to auction to private players are in Mumbai offshore, Oil Minister Dharmendra Pradhan said on Monday.
Dec 14, 2015, 19:51 PM IST
ONGC suffered Rs 8,000 crore loss for poor rig management: CAG
In a report tabled in parliament, the CAG said ONGC`s non-productive time or idling time of rigs ranged between 19 and 23 percent over 2010-14.
Dec 09, 2015, 23:28 PM IST
ONGC Videsh close to winning $5-bn Farzab-B gas field rights
ONGC Videsh Ltd-led consortium is close to winning USD 5 billion rights to develop Iran's Farzad-B gas field and convert the gas produced from it into LNG for shipping to countries like India.
Dec 07, 2015, 17:45 PM IST
Gas worth Rs 11,000 cr migrated from ONGC to RIL's KG-D6 block: Report
US-based consultant D&M has submitted its final report on the gas dispute between ONGC and Reliance Industries, establishing that natural gas worth over Rs 11,000 crore has migrated from idling KG fields of the state-owned firm to the adjoining KG-D6 block.
Dec 01, 2015, 22:35 PM IST
