ONGC aims to invest $5.1 billion in east coast oil gas asset in 4 years
Oil and Natural Gas Corporation is going to invest Rs 340.12 billion (USD 5.11 billion) for developing cluster 2 of east coast deepwater block, in...
Tag : ONGC
ONGC reports Q4 net up over 3 fold to Rs 4416 crore
ONGC‘s fourth quarter standalone profit jumped over 3 fold to Rs 4,416 crore compared to December quarter. The revenue has declined 11.4 percent to Rs...
ONGC crude oil output increases in FY16
Oil and Natural Gas Corp’s (ONGC) crude oil production has increased for the second consecutive year in 2015-16 whereas natural gas output continues to decline....
ONGC took over Tapti assets from BG, Reliance
A part of the abandoned assets of the western offshore Tapti gas field has been taken over by the state run ONGC from its joint...
ONGC receives environment ministry’s approval for Rs 350 crore drilling project in Gujarat
ONGC has got the environment ministry’s approval for its Rs 350 crore project of drilling 22 exploratory wells in NELP-9 blocks situated at Gandhinagar, Banaskantha and...
ONGC has received green panel approval for Rs 758 crore Tripura drilling project
ONGC has received the green panel’s approval to develop 30 wells and other infrastructure in Tripura involving an investment of Rs 758 crore. A senior...
OVL has signed MoU with Equatorial Guinea
An overseas arm of Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd has entered into an agreement with Republic of Equatorial Guinea for cooperation...
Govt has appointed 3 independent directors on ONGC board
The government has assigned ex-IFS Ajai Malhotra and two others as non-official part-time directors on the board of ONGC, the biggest oil and gas producer...
ONGC likely to start cutting costs on drop of oil price
On account of a sharp fall in the oil and gas prices which has started hurting the profits of ONGC, the company has embarked on...
ONGC aims to intensify exploration activities
Oil and Natural Gas Corporation aims to hike its upstream capital expenditure by 10 percent next year and intensify its exploration activities. Sahshi Shanker, director...