ONGC proposes to sell OPaL stake to fund HPCL acquisition
ONGC proposes to sell its stake in ONGC-Petro Additions Ltd (OPaL), to fund acquisition of HPCL. As per a senior official, “We traditionally have been a debt-free...
Tag : ONGC
Essar Oilfields wins order from ONGC worth Rs.32 crore
Essar Oilfields Services India Ltd, has received a contract from ONGC to drill 30 wells at a coal-bed methane (CBM) block in Bokaro, Jharkhand. The...
ONGC receives govt approval to sell stake in IOC, GAIL
Oil and Natural Gas Corp (ONGC) has received government approval for selling its stake in IOC and GAIL, to fund HPCL acquisition worth Rs.36,915 crore. Currently,...
ONGC to acquire 51.11% stake in HPCL
Oil and Natural Gas Corporation (ONGC) to acquire 51.11% stake in Hindustan Petroleum Corporation (HPCL) for Rs.369.15 billion. The acquisition price is at 13.8% premium...
L&T bags order worth Rs.1,483 crore from ONGC
Larsen & Toubro’s (L&T) subsidiary has bagged order worth Rs.1,483 crore. L&T’s wholly owned subsidiary L&T Hydrocarbon Engineering has signed an offshore contract for bassein...
ONGC acquires 15% stake in Namibia offshore block
ONGC’s overseas investment arm, ONGC Videsh Ltd (OVL) has acquired 15% stake in Namibia’s offshore Block 2012A from Tullow Oil. OVL performed the deal through its subsidiary, ONGC...
L&T Hydrocarbon Engineering receives Rs.1,267 cr order from ONGC
L&T Hydrocarbon Engineering has bagged an offshore contract for Rs.1,267 crore from ONGC. In a BSE filing Larsen and Toubro stated, “L&T Hydrocarbon Engineering, a wholly-owned...
L&T Hydrocarbon Engg receives Rs.1,150 cr contract from ONGC
L&T Hydrocarbon Engineering has bagged a contract worth Rs.1,150 crore from ONGC relating to a Daman Development Project. In a BSE filing L&T stated,”L&T Hydrocarbon...
Shashi Shanker designated as ONGC Chairman
Shashi Shanker, has been appointed as the Chairman and Managing Director of ONGC,India’s biggest oil and gas producer, till March 2021. Shanker, who is currently...
ONGC aims to double gas production in 5-6 years
ONGC aims to to double gas production to over 100 million standard cubic meters per day in the next 5-6 years. ONGC has said in...