ONGC plans to invest Rs 13,000 crore in Assam
Posted on 12th September 2019 |
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Oil and Natural Gas Corporation (ONGC) will invest over Rs 13,000 crore for exploration work across Assam in the next five years. The company said it has signed an agreement with the Assam government for this. |
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ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells
Posted on 11th September 2019 |
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The Oil and Natural Gas Corporation (ONGC) on Wednesday announced it will invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years. The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state. |
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ONGC yet to get complete legal ownership of GSPC's KG Basin gas block
Posted on 5th September 2019 |
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Two years after acquiring an 80 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) KG Basin gas block, state-run Oil and Natural Gas Corporation (ONGC) is yet to get complete legal ownership of the block. Two senior company executives said “the production sharing contract (PSC) of the block is yet to be transferred to ONGC”. The deal was completed in August 2017, for which ONGC paid about ~7,738 crore. |
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4 killed in fire at ONGC plant in Navi Mumbai; rescue operation underway
Posted on 3rd September 2019 |
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Four people were killed and three others injured after a fire broke out at the Oil and Natural Gas Corporation's (ONGC) plant in Navi Mumbai township of Maharashtra on Tuesday, police said. The ONGC said there was no impact on oil processing and that the gas was diverted to its Hazira plant in Surat district of Gujarat. |
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ONGC charts course for new ‘avatar’
Posted on 31st August 2019 |
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India’s top oil and gas producer ONGC on Friday unveiled a USD 15-16 billion investment plan to double output from its domestic and overseas fields and expand its refining capacity three folds alongside diversification into renewables in a new vision document for 2040. “The new strategy document aims to transforms ONGC in a new ‘avatar’ in this new energy landscape as a diversified energy company with strong contribution from non-E&P businesses,” |
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ONGC to borrow $2 billion through unique overseas debt programme
Posted on 29th August 2019 |
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State-owned Oil and Natural Gas Corp (ONGC) on Thursday said it plans to raise up to USD 2 billion in overseas borrowings through a unique and flexible, Singapore-listed debt instrument that provides it with an option to raise funds at short notice. The funds so raised can be used to repay about Rs 15,000 crore of the company’s existing borrowings, fund acquisitions or meet project/asset expenses. |
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ONGC aims to double oil & gas output, treble refining
Posted on 19th August 2019 |
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State-owned Oil and Natural Gas Corp (ONGC) has prepared a blueprint for doubling its oil & gas output from its domestic and overseas fields and expanding its refining capacity threefold apart from diversification into renewables, as per its new vision document for 2040. |
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More than 30,000 ONGC workers vow to boost national energy security
Posted on 14th August 2019 |
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More than 30,000 employees of state-run Oil and Natural Gas Corporation (ONGC) took pledge to enhance national energy security on 64th Foundation Day on August 14, 2019. ONGC, the country’s largest oil and gas producer, celebrates this day every year to renew its pledge for national energy security. The employees were administered the pledge by ONGC directors at registered office. “The ONGC officers vowed to dedicate themselves to the nation’s energy security, through the diligence. The ONGC pledge was administered to a large gathering of employees,” ONGC said in a statement. |
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HPCL re-files shareholding pattern for 6 quarters; lists ONGC as promoter
Posted on 14th August 2019 |
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After a rap from market regulator Sebi, Hindustan Petroleum Corp Ltd (HPCL) has re-filed shareholding pattern of the company for last six quarters, listing its majority owner Oil and Natural Gas Corp (ONGC) as a 'promoter'. The Securities and Exchange Board of India (Sebi) had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018. |
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