Oil and Natural Gas Corporation (ONGC)

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
  • 31/12/2028

Cairn gets govt nod for raising Mangala output

Cairn can raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd After more than six-month wait, the Government today gave approval to Cairn India to raise output from its largest oilfield in Rajasthan block by 25,000 barrels per day to 150,000 bpd. …

India seeks strategic investment ties with Qatar for petro projects

India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to …

Cairn nod can give govt $15 bn more

New Delhi After the Union Budget wiped out $1 billion from Cairn India’s market cap by raising the cess on oil production from R2,500 per tonne to R4,500, the government continues to sit on the company’s applications for both increasing production from its existing MBA (Mangala, Bhagyam and Aishwarya) fields …

Reliance, BP set to kick off imported LNG marketing

In talks with Shell, Petronet LNG to book capacity Faced with a shortfall in gas production from its KG-D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas. India Gas Solutions, the equal joint venture between RIL and British Petroleum (BP) …

Cairn Energy's second oil discovery in KG block

Cairn Energy India Pty Ltd. (CEIL), on Tuesday, said it had discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin. CEIL, the wholly-owned subsidiary of Cairn India Ltd. (CIL), has notified the management committee — comprising Director-General of Hydrocarbons, ONGC and Ministry of Petroleum and Natural Gas …

Missed tax holiday will not hurt IndianOil: Finance ministry

New Delhi Declines to give a grace period for completing Paradip refinery project The finance ministry has declined to give a grace period to Indian Oil Corporation (IOC) for completing its Paradip refinery in Orissa that has missed the March 31 deadline for benefiting from the seven-year income tax holiday. …

Waste treatment a wasted effort

Ahmedabad: Central effluent treatment plants are posing a serious threat to the health of human beings in the state. In hazardous and polluted clusters of Gujarat, the central effluent treatment plants (CETP) are expected to treat industrial sludge to prevent its harmful effect on human and other forms of lives. …

Indian envoy in South Sudan on oil mission: Crisis With North Hits Supply To OVL

New Delhi: Responding to the ongoing conflict between Sudan and less than oneyear-old South Sudan, India has appointed a special envoy to broker peace between the two countries that hold the key to India’s pursuit of oil and other hydrocarbon resources in Africa. The foreign ministry’s decision to send a …

ONGC inks exploration agreement with US energy major ConocoPhillips

India’s state-run Oil & Natural Gas Corporation (ONGC) has joined hands with ConocoPhillips for exploration and development of 19 deepwater oil and gas blocks. The two companies would also be collaborating in shale-gas exploration. ConocoPhillips is the third-largest integrated energy company in the US and the fifth-largest refiner in the …

ONGC inks MoU with ConocoPhillips for shale resources

In the first mega deal in the energy sector this year, public sector Oil and Natural Gas Corporation and US oil giant ConocoPhillips have signed a Memorandum of Understanding (MoU) for co-operation in exploration and development of shale resources in India, North America and elsewhere besides deepwater opportunities offshore in …

ONGC wins 6 blocks in NELP-IX

State-owned ONGC cornered six blocks - four as operator and two as minority partner - out of the 16 areas that the government awarded for oil and gas exploration, but saw its bids rejected for eight areas, including five deep-sea blocks. Contracts for 16 out of the 33 oil and …

ONGC, the biggest winner under NELP-IX

The Petroleum and Natural Gas Ministry, on Wednesday, signed Production Sharing Contracts (PSCs) for the newly awarded 16 oil and gas blocks under the IX round of New Exploration Licensing Policy (NELP), with Oil and Natural Gas Corporation (ONGC) emerging as the biggest winner with six blocks. However, ONGC saw …

India taps Canada for gas as domestic production falters

New Delhi For the first time, New Delhi is looking to the North American continent to secure its energy needs. India has started talks to import natural gas from Canada, the world’s third-largest producer which is facing falling demand from the US, where a shale gas bounty has brought self …

Rs 2 lakh-crore oil losses next year may play havoc with govt plans

The government’s plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products. Non-revision of diesel, LPG and …

No More Gas-Based Plants Till 2015: Govt to Power Cos

Government has asked power producers to refrain from setting up new gas-based plants as dwindling fuel supply is threatening viability of 37,000-MW of existing and upcoming projects. The power ministry has issued an advisory to developers for not planning projects based on domestic gas till 2015-16. The directive signalsthat nofurther …

Palatana gas pipeline ready for test: ONGC

AGARTALA, March 13 – The 52-km gas pineline to feed the Palatana power plant is almost ready and is expected to be tested in the next few weeks, said K Satyanarayana, Asset Manager, ONGC Tripura Asset. Talking to The Assam Tribune here on Tuesday, the Asset Manager said the laying …

Indian petroleum and natural gas statistics 2010-11

The “Indian Petroleum & Natural Gas Statistics” presents comprehensive statistics on various aspects of Indian Petroleum & Natural Gas Industries. The data on international developments in respect of the important segment of Petroleum and Natural Gas Industries have also been presented in the publication. The Statistics presented in this publication …

ONGC to give Rs 12,400-cr boost to govt finances

Floor price for tomorrow's auction fixed at Rs 290 The Union government will raise at least Rs 12,400 crore through the sale of five per cent stake in Oil and Natural Gas Corporation (ONGC), giving it a much-needed cushion in the run-up to the Budget. The government would sell 427.77 …

SC to hear $8bn Cairn-Vedanta deal issue on Fri

New DelhiA public interest litigation (PIL) has been filed in the Supreme Court seeking to declare the $8.48-billion Cairn-Vedanta deal as illegal. A bench headed by Justice HL Dattu is likely to hear the matter on March 2. The Cabinet Committee on Economic Affairs, headed by Prime Minister Manmohan Singh, …

British Gas realigning its India business

Late last year, when energy major British Gas’s Indian arm, BG India, announced plans to exit from two of its Indian energy assets, the industry wondered if it was a fullstop to BG’s India plans. BG is selling 65.12 per cent stake in Gujarat Gas Company (GGCL), India’s largest private …

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