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ONGC acquires 5% stake in Indian Gas Exchange (IGX)

ONGC acquires 5% stake in Indian Gas Exchange (IGX)

🕔17:21, 10.Mar 2021

New Delhi, Mar 10 Oil and Natural Gas Corporation Limited (ONGC) has signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX) on 10 March 2021 to acquire 5 per

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ONGC acquires 5% stake in Indian Gas Exchange (IGX)

ONGC acquires 5% stake in Indian Gas Exchange (IGX)

🕔17:20, 10.Mar 2021

Oil and Natural Gas Corporation Limited (ONGC) has signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX) on 10 March 2021 to acquire 5 per cent equity in IGX.

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ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi specialty Hospital at Rajabari

ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi specialty Hospital at Rajabari

🕔12:51, 23.Feb 2021

New Delhi | 23 February 2021: ONGC CMD Shashi Shanker inaugurated the residential building of the SiuKa-Pha Multi-specialty Hospital at Rajabari of Sivasagar on 22.02.2021. The residential block worth around Rs 10 core is a part of the 300 bed

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ONGC to form new subsidiary to focus on gas business

ONGC to form new subsidiary to focus on gas business

🕔16:29, 14.Feb 2021

Mumbai, Feb 14  State-run energy major ONGC will create a wholly-owned subsidiary to focus on its company’s gas and LNG business. Its Board of Directors has given its nod for the creation of the subsidiary company subject to necessary approvals.

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ONGC declares results for Q3 FY’21: Posts net profit of ₹1,378 crore; declares interim dividend of ₹ 1.75/share

ONGC declares results for Q3 FY’21: Posts net profit of ₹1,378 crore; declares interim dividend of ₹ 1.75/share

🕔18:12, 13.Feb 2021

Highlights:            Crude Oil Production from operated blocks reaches last year’s levels ·         Net profit of ₹1,378 crore on the gross revenue of ₹17,024 crore during Q3 FY-21 ·         Interim Dividend of ₹1.75 per share ·         Notifies 8 discoveries so far

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ONGC to usher in India’s first Geothermal Energy at Ladakh

ONGC to usher in India’s first Geothermal Energy at Ladakh

🕔05:13, 9.Feb 2021

Energy major ONGC will implement India’s maiden Geothermal Field Development Project in Ladakh. A Memorandum of Understanding (MoU) to formalize this has been inked by ONGC Energy Centre (OEC) with the Union Territory of Ladakh and Ladakh Autonomous Hill Development

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ONGC CMD pitches for deeper collaboration for sustainable growth:Global Compact National Convention

ONGC CMD pitches for deeper collaboration for sustainable growth:Global Compact National Convention

🕔20:53, 4.Feb 2021

Addressing the 15th National Convention of Global Compact Network India(GCNI), ONGC CMD Shashi Shanker – who is also the President of GCNI – called for deeper collaborative tie-ups of all stakeholders as the country navigates through the unprecedented and changing

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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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