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Latest Articles in ongc

Oil Production Slips In December; Natural Gas On Rise

State-owned Oil and Natural Gas Corporation (ONGC) - India's biggest producer, produced 3 per cent less crude oil at 1.65 million tonnes in December due to delays in mobilising equipment at western offshore fields. Oil India Ltd (OIL) produced 5.4 per cent more crude oil at 2,54,360 tonnes

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India's Oil Production Continues To Slide; Down 2% In November

ONGC produced 3 per cent less crude oil at 1.6 million tonnes in November due to delays in mobilising equipment at western offshore fields

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No Proposal To Transfer ONGC's Assets To OIL: Centre In Rajya Sabha

Assam Chief Minister Himanta Biswa Sarma had earlier this year written to Prime Minister Narendra Modi requesting him to consider transferring all assets of Oil and Natural Gas Corporation (ONGC) in the northeastern region to Oil India Ltd.

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ONGC Union Upset Over Privatisation Proposal Of Mumbai High Field

The union said ONGC should be given the same fiscal and regulatory regime as the private sector enjoys for exploring and producing oil and gas.

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Govt Wants ONGC To Identify Areas For Involving Pvt Sector: Oil Secretary

India is 85 per cent dependent on imports to meet its oil needs, and a way to cut the high import bill is to increase domestic production.

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Give 60% Control in Mumbai High, Bassein Fields To Foreign Cos: Oil Ministry To ONGC

Amar Nath, additional secretary in the Petroleum Ministry, wrote a 3-page letter to ONGC Chairman and Managing Director Subhash Kumar, saying productivity of the Mumbai High and Bassein & Satellite (B&S) offshore assets under state-owned firm was low.

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State-run Players' Domination Continues In Latest Exploration Licensing Round

The government received a total of 24 bids for 21 blocks it offered in the latest exploration licensing round.

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Govt Receives Over Rs 2,800 Cr Dividend From CIL, ONGC This Fiscal

Besides, Rs 9,110 crore has been mobilised through disinvestment in various Central Public Sector Enterprises (CPSEs) so far this fiscal.

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Gas Price Increase Positive For ONGC, Reliance: Fitch

Domestically produced gas is supplied on a priority basis to certain sectors, with 30 per cent of it being consumed by power producers, around 27 per cent by the fertiliser sector and 19 per cent by city gas distributors in FY21.

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Govt Hikes Gas Price By 62%; CNG Rates May Go Up

The price for gas produced from difficult fields such as deepsea, which is based on a different formula, was hiked to USD 6.13 per mmBtu from the current USD 3.62 per mmBtu.

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ONGC's Share In India's Oil, Gas Production Rises

Oil and Natural Gas Corporation (ONGC) operates the country's oldest fields where a natural decline in output has set in.

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NTPC, ONGC To Boost Development Of Offshore Wind Energy

As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in India and overseas.

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ONGC Defends Oil Vessel Hire Tender, Norms Aimed At Increasing Competition

The tender for hiring a vessel to transport diesel along the Indian coast provides for the ship being seaworthy with valid certifications on the date of deployment after its selection in the bidding process.

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ONGC Reports Rs 6,734 Cr Net Profit In Q4

Domestic gas price under the administered pricing mechanism - which are revised once every six months - was USD 1.79 per million British thermal unit in the January-March quarter, down from USD 3.23 a year back.

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Govt To Auction 'Major' Oil, Gas Fields Of ONGC, OIL: Pradhan

ONGC produced 20.2 million tonnes of crude oil in the fiscal year ending March 31 (2020-21), down from 20.6 million tonnes in the previous year and 21.1 million tonnes in 2018-19.

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