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Latest Articles in ongc

ONGC To Begin Oil Production From Ratna, R-Series Field In 2019

Production form the fields is targeted to start in 2019 with an output of 10,000 barrels per day initially

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Gas Price For Industrial Use Cut By 18 Per Cent

As per the new gas pricing formula approved by the NDA government in October 2014, gas prices are to be revised every six months and the next change is due on April 1

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India To Save Rs 20,000 Crore From Qatar Gas Import Deal: PM

RasGas of Qatar supplies LNG to India under a 25-year long term contract since 2004; Modi says Qatar was entitled to take Rs 20,000 crore as per the long-term signed contract 'but our diplomatic ties ensured that we renegotiate the terms'

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Oil Minister Pradhan Favours Lower Cess For Explorers

Indian explorers such as Oil and Natural Gas Corp have urged the government to levy cess at 8-10 per cent of crude oil prices instead of the current 20 per cent

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ONGC Reports 12% Rise In Fourth Quarter Profit, Beating Estimates

Net profit on a standalone basis was Rs 4,416 crore for the three months to March 31, compared with Rs 3,935 crore a year earlier

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Auction Of Oil, Gas Fields With Rs 70,000 Cr Reserves From July

The auction, to be conducted on simpler contractual terms together with pricing and marketing freedom, will be the first licensing round in over four years

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Reliance, BG To Hand Some Drilling Assets To ONGC

Executives from Reliance, BG and the state-run oil firm ONGC have been at odds for months over the cost of closing the Tapti field off the country's west coast

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ONGC Board Approves $5 Billion Investment In East Coast Oil And Gas Asset

The move comes close on the heels of a government decision in early March that allowed producers to claim a higher price for gas extracted from hydrocarbon basins located in the deep water and ultra-deep water areas of India

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Build Versus Buy: ONGC Opts For The Latter

India's state-owned oil exploration company is doing better by buying oil fields elsewhere than by investing in producing from its own.

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ONGC’s $1.3 Billion Vankor Stake Purchase Gets Russia Nod

Experts are of the view that the deals will help India secure access to Russia's oil output, while Rosneft will gain access to the Indian market

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ONGC To Tie Up With Foreign Service Providers To Boost Output

Under the terms of the tie-up being discussed, firms such as Schlumberger NV and Halliburton Co will invest capital and share technical expertise in stagnant but producing ONGC hydrocarbon fields

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ONGC Plans $5 Billion Investment To Develop Eastern Gas Asset

The asset can produce up to 17 million metric standard cubic metres per day (mmscmd) of natural gas and 75,000 barrels of oil per day by 2020

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ONGC $500 Million San Cristobal Investment Deal Imminent: PDVSA

Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture

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ONGC December Quarter Net Falls 64% On Low Crude Price

The company posted a standalone net profit of Rs 1,286 crore for the three months ended December 31, compared with Rs 3,571 crore in the year-ago quarter

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ONGC Gets Green Nod For Rs 53,000 Crore KG Basin Infra Project

Environment Ministry allows state entity to drill 45 wells and develop other related infrastructure In Andhra Pradesh

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