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Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend

Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend

🕔14:47, 24.Dec 2020

New Delhi, Dec 24 Oil sector public sector undertakings (PSUs) may have to bear a larger share of additional dividend payment to the government this year with almost all companies falling behind on their capex plan for the current fiscal.

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ONGC starts oil production in Bengal Basin

ONGC starts oil production in Bengal Basin

🕔04:22, 21.Dec 2020

New Delhi, Dec 21  Oil and Natural Gas Corporation Ltd (ONGC) has commenced oil production from the Asokenagar-1 well, Bengal Basin in West Bengal’s 24 Paragana districts. In a statement, the public sector energy major said that Union Petroleum &

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Petroleum Minister dedicates the 8th producing Basin of India – Bengal Basin, to the nation

Petroleum Minister dedicates the 8th producing Basin of India – Bengal Basin, to the nation

🕔14:24, 20.Dec 2020

New Delhi, Dec 19 Bolstering efforts to meet one of the vital essentials, the energy need for AtmaNirbhar Bharat,  Petroleum Minister Dharmendra Pradhan, dedicated the Bengal Basin, the 8th producing basin of India, to the nation today on 20th December,

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Market-friendly OALP driving self-reliance in energy sector : Pradhan

Market-friendly OALP driving self-reliance in energy sector : Pradhan

🕔17:40, 17.Nov 2020

New Delhi, Nov 17 (IANS) Petroleum and Natural Gas Minister Dharmendra Pradhan on Tuesday said that Open Acreage Licensing Policy (OALP) is a market-friendly policy which is driving self-reliance in energy sector. Speking at the signing of contracts for 11 oil

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Market friendly OALP is driving self-reliance in energy sector : Dharmendra Pradhan

Market friendly OALP is driving self-reliance in energy sector : Dharmendra Pradhan

🕔15:38, 17.Nov 2020

Contract signing ceremony held for E&P blocks awarded under OALP bid round-V New Delhi, Nov 17 Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan today said that Open Acreage Licensing Policy (OALP) is a market friendly policy which is

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ONGC plans production enhancement in its mature fields

ONGC plans production enhancement in its mature fields

🕔07:22, 9.Nov 2020

New Delhi, Nov 9  State-run ONGC plans to hike output from its onshore mature fields through production enhancement contracts (PEC) with oil and gas companies who have technical expertise, financial capability and resources to increase production by improving the recovery

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Govt puts gas under standard bidding route for transparent price discovery

Govt puts gas under standard bidding route for transparent price discovery

🕔21:49, 7.Oct 2020

New Delhi, Oct 7  In a big reform initiative, the government on Wednesday decided to put domestically produced gas under a standard price discovery mechanism to help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and

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Decade long payment default finally pushes ONGC out of Sudanese oilfield

Decade long payment default finally pushes ONGC out of Sudanese oilfield

🕔20:08, 17.Sep 2020

New Delhi, Sep 17  After facing years of payment default, the country’s largest oil and gas explorer Oil and Natural Gas Corporation has finally exited from Sudanese oilfields, relieving itself of yet another toxic overseas asset. Company sources said that

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CSRL Super30 program funded by PSUs under CSR now a case study by Harvard Business School, USA

CSRL Super30 program funded by PSUs under CSR now a case study by Harvard Business School, USA

🕔08:52, 29.Jul 2020

One the top-most global institutions, Harvard Business School (HBS), has published it’s detailed case study on CSRL Super 30, a socio- economic program supported by various Oil & Gas PSUs as part of their CSR efforts. This will be used

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Threat of tsunami lurks in offshore KG basin: Study

Threat of tsunami lurks in offshore KG basin: Study

🕔07:16, 20.Jul 2020

Hyderabad, July 20  Researchers from the University of Hyderabad (UoH), the National Institute of Oceanography (NIO) and the Oil and Natural Gas Corporation (ONGC) have discovered a geological faultline that could trigger a major coastal hazardous event in and around

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ONGC profit dipped to half, FY1920 turnover at Rs 96,214 cr drop by 12 %, 12 discoveries made in a year

ONGC profit dipped to half, FY1920 turnover at Rs 96,214 cr drop by 12 %, 12 discoveries made in a year

🕔22:50, 30.Jun 2020

New Delhi, June 30 Sharp drop in crude Oil prices in the international market due to covid-19 had led to sharp decline in profits of state owned oil major ONGC ltd with revenue shrinking and recorded heavy losses in the

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Domestic gas pricing reform on cards, controls may be lifted

Domestic gas pricing reform on cards, controls may be lifted

🕔16:34, 30.Jun 2020

New Delhi, June 30 In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced natural gas that would help scale up local production from fields of

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Blowout in Gas Well of Oil India Limited at Baghjan, Tinsukia District, Assam 24 June 2020

Blowout in Gas Well of Oil India Limited at Baghjan, Tinsukia District, Assam 24 June 2020

🕔18:28, 24.Jun 2020

Tarun Kapoor, IAS, Secretary, Petroleum & Natural Gas, Govt. of India, visited Baghjan#05 blowout site on 23-06-2020 along with CMD and Functional Directors of OIL to take stock of the work progress at site. Later, Shri Kapoor also visited the

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OVL to invest additional Rs 900 cr in Shwe project in Myanamar

OVL to invest additional Rs 900 cr in Shwe project in Myanamar

🕔17:52, 24.Jun 2020

New Delhi, June 24  Giving a push to infrastructure development across sectors, the government on Wednesday approved a proposal for additional investment to be made by ONGC Videsh Ltd (OVL) in the development of an oil and gas project in

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ONGC looking at capex optimisation amid pandemic

ONGC looking at capex optimisation amid pandemic

🕔10:28, 22.Jun 2020

New Delhi, June 22  State-run ONGC is looking at opportunities for optimising its capital and operational expenditures as the coronavirus pandemic has impacted the progress of its projects. “The short term liquidity position was managed by raising short term borrowings

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Blowout in Gas Well of Oil India Limited at Baghjan, Tinsukia District, Assam 19 June 2020

Blowout in Gas Well of Oil India Limited at Baghjan, Tinsukia District, Assam 19 June 2020

🕔17:40, 19.Jun 2020

Lt. General Rana Pratap Kalita, AVSM, SM, VSM, General Officer Commanding (GOC) of the 3 Corps with other senior officials from 3 Corps, Indian Army visited Blowout Area today at Baghjan to monitor the progress of work at ground zero.

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V N Datt takes over as C&MD, National Fertilizers Limited

V N Datt takes over as C&MD, National Fertilizers Limited

🕔18:19, 3.Jun 2020

Shri Virendra Nath Datt, Director (Marketing), National Fertilizers Limited -NFL has taken over the additional charge of Chairman & Managing Director of the Company today. Shri Datt is associated with Company as Director (Marketing) since October 2018. Shri Datt has a rich

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NTPC in pact with ONGC to set up Joint Venture Company for Renewable Energy Business

NTPC in pact with ONGC to set up Joint Venture Company for Renewable Energy Business

🕔16:19, 22.May 2020

New Delhi, May 22, 2020: NTPC Ltd. and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) to set up a Joint Venture Company for Renewable Energy business. The MoU will enable both companies to

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ONGC and NTPC sign MOU to set up Joint Venture for Renewable Energy Business

ONGC and NTPC sign MOU to set up Joint Venture for Renewable Energy Business

🕔05:43, 22.May 2020

Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to

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ONGC awards 49 marginal onland oil fields to seven firms

ONGC awards 49 marginal onland oil fields to seven firms

🕔05:44, 15.May 2020

Oil and Natural Gas Corporation Limited (ONGC) placed Notice of Award (NoA) for seven successful bidders in 13 contract areas comprising of 49 marginal oil and gas fields. The bid process for seeking partners for enhancement of production from 64

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