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companies name

Oil and Natural Gas Corporation (ONGC)

Oil and Natural Gas Corporation (ONGC) is an Indian multinational crude oil and gas corporation. Its registered office is in New Delhi. It is a state-owned enterprise of the Government of India under the administrative control of the Ministry of Petroleum and Natural Gas. It is the largest oil and gas exploration and production company in the country. It produces around 70% of India's crude oil (equivalent to around 57% of the country's total demand) and around 84% of its natural gas. In November 2010 the government gave ONGC the Maharatna status.

In a government survey for the fiscal year 2019–20, it was ranked as the largest profit-making PSU in India. It is ranked 7th among the top 250 Global Energy Companies by Platts.

ONGC was founded on August 14, 1956, by the government. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India and owns and operates over 11,000 kilometres of pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries. ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years, adding over 7.1 billion tonnes of In-place oil & gas volume of hydrocarbons in Indian basins. 

Oil and Natural Gas Corporation (ONGC) News

ONGC Videsh enters development stage of Budiao natural gas field in Brazil

ONGC Videsh Ltd, the overseas arm of ONGC, has declared that a 2019 natural gas discovery in a deep-sea block in Brazil has now entered the development stage and will now be brought to production....

India sees crude oil production decline by 2.63% y-o-y in Apr-Dec period of FY22

India’s crude oil production during Dec 2021 was 2,509.98 TMT, which is 5.19% lower than the target for the month and 1.81% lower than December 2020....

Petronet LNG announces appointment of Additional Directors & Chairman on its Board

Petroleum Secretary Pankaj Jain (IAS) has been appointed as Additional Director & Chairman and ONGC CMD Dr Alka Mittal as Additional Director on the Board of Petronet LNG Limited....

ONGC CMD Dr Alka Mittal is new Chairperson of MRPL

Oil & Natural Gas Corporation (ONGC) Chairperson & Managing Director (CMD) Dr Alka Mittal has been appointed as Chairperson on the Board of MRPL....

Dr Alka Mittal takes additional charge as CMD of ONGC

ONGC’s Director (HR) Dr Alka Mittal has taken over as the Chairperson and Managing Director (CMD) of the company on January 4....

ONGC gets its first female head as Alka Mittal gets additional charge of CMD’s post

ONGC Director (HR) Alka Mittal has been given additional charge of the post of Chairperson and Managing Director (CMD) and is the first female head of the PSU....

Pomila Jaspal set to be ONGC's first woman Director (Finance)

Pomila Jaspal, who is currently serving as Director (Finance) of MRPL, has been recommended for ONGC’s Director (Finance) post....

ONGC organises students’ study visit at Cambay, Karaikal

Oil and Natural Gas Corporation (ONGC) Limited organised fresh tours for students at Cambay, Karaikal and Jorhat as a part of the observance of 'Azadi Ka Amrit Mahotsav'....

DSF bid round III: 75 discoveries on offer; bidding opens on Feb 1, says DGH

The government has put up a total of 75 small and marginal oil and gas discoveries up for international competitive bidding under bid round III of DSF policy....

Azadi ka Amrit Mahotsav: ONGC Tripura Asset organises seminar & cyclothon

Oil and Natural Gas Corporation Limited (ONGC)’s Tripura Asset organised a seminar on Exploration & Production and cyclothon to usher a greener tomorrow, recently....

Oil PSUs spent Rs 5,582.34 crore under CSR, Rameswar Teli tells House

Public Sector Undertakings (PSUs) that come under the Ministry of Petroleum & Natural Gas (MoPNG) have spent Rs 5,582.34 crore under CSR during the last three years....

Govt has advised ONGC to bring in partners for Mumbai High, Bassein fields: Minister

The government has advised ONGC to bring in partners for increasing the exploration and production of oil and gas in Mumbai High, Bassein and Satellite fields, said Rameswar Teli....

ONGC Videsh is looking for Managing Director; apply before Dec 17

ONGC Videsh Limited (OVL) has posted a job vacancy for the engagement of Managing Director (MD). Eligible and interested candidates can apply for the job before December 17....

ONGC inks MoU with SECI to develop RE, green hydrogen, battery storage projects

ONGC has signed an agreement with SECI to develop projects across the spectrum in the renewable energy (RE) sector....

ONGC CSR: 6th handicraft project aimed at supporting especially-abled launched

Minister of Primary & Secondary Education and Sakala of Karnataka BC Nagesh launched ONGC’s sixth CSR project to promote arts and handicrafts in India....

India’s natural gas production jumps 25% y-o-y in October

Driven by increased production from private sector, India’s natural gas production during October was 3,016.81 MMSCM....

India’s crude oil production for October misses target by 5.95%

India’s crude oil production was 2,512.46 TMT in October, which was 5.95 percent lower than the target for the month and 2.15 percent lower in comparison to October 2020....

Govt clarifies: ONGC free to choose any model for increasing oil & gas production

The Petroleum Ministry has said that it is keen that the domestic production of oil and gas increase exponentially and ONGC should have a prominent role to play....

ONGC officers resist govt plan to offer Mumbai High to private sector, demand level playing field

The officers’ union of ONGC has said that the government should provide a level playing field instead of handing over the PSU’s biggest assets to the private sector on a platter....

ONGC dismisses reports that claimed it is offering its prominent fields through EoI

ONGC has dismissed reports that the oil major is offering its prominent fields through Expression of Interest (EoI)....

ONGC, Saudi Aramco sign feedstock & marketing MoU

Under the MoU, ONGC and Aramco will explore long-term supply contracts for the sale and purchase of crude, refined petroleum and petrochemical products....

Q2FY22: ONGC posts robust 565.31% rise in net profit y-o-y, declares interim dividend

Posting a robust 565.31 percent rise in net profit year-on-year in Q2 of FY22, ONGC has declared an interim dividend of Rs 5.50 per equity share for FY22....

Identify areas for involving private sector as much as possible, Govt tells ONGC

Govt is clear, ONGC has to do more, said Petroleum Secretary Tarun Kapoor days after ONGC giving away 60% stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies....

ONGC CMD unanimously nominated President of AIPSSPB

Oil and Natural Gas Corporation Limited (ONGC) CMD Subhash Kumar has been unanimously nominated as the President of the All India Public Sector Sports Promotion Board (AIPSSPB)....

5 ONGC officers conferred with Arjuna Awards 2021

Five officers of Oil and Natural Gas Corporation Limited (ONGC) have been conferred with the Arjuna Awards for 2021....

Omkar Nath Gyani set to be next Director (Operations) of ONGC Videsh

The Public Enterprises Selection Board (PESB) panel has recommended the name of Omkar Nath Gyani for the post of Director (Operations) of ONGC Videsh Limited on Tuesday....

Vigilance Awareness: CVC lauds ONGC for transparency initiatives

Central Vigilance Commissioner Suresh N Patel has appreciated the efforts for the latter’s digitalisation initiatives like the introduction of the Vendor Invoice Management System (VIMS)....

PSUs have created ecosystem to build a sustainable livelihood for people: ONGC Director HR

Speaking at the launch of ONGC's 5th handicraft project, ‘Dhokra Art’ ONGC Director (HR) Dr Alka Mittal said that together the PSUs have created an ecosystem to build a sustainable livelihood for people....

ONGC organising field visits for students to oil installations

Oil and Natural Gas Corporation Limited (ONGC) has been continuously organising field visits for students at four of its work locations as part of ‘Azadi Ka Amrit Mahotsav’ celebrations....

ONGC organises student study tour, stokes passion among GenNext for nation building

In line with the observance of 'Azadi Ka Amrit Mahotsav,' ONGC organised a study trip for students of Godavari Institute of Engineering & Technology (GIET) of Rajahmundry to its Mini Refinery at Tatipaka and Gas Collecting Station at Kesanapalli....

Gas price rise positive for ONGC, RIL, negative for fertiliser, power sector: Fitch

The 62 percent rise in natural gas prices by the Indian government will boost the profitability of upstream companies in the country and support their investment spending....

ONGC launches e-tendering portal to digitalise trading of crude oil and gas

ONGC Group Chairman Subhash Kumar has launched an e-tendering portal for the sale of crude oil and petroleum products....

ONGC’s second well in KG-DWN-98/2 block has started production: CMD

ONGC has put the second well in its promising KG basin block, known as KG-DWN-98/2 or KG-D5 project, into production, said its CMD Subhash Kumar....

India’s natural gas production for August rises 20.23% y-o-y

India’s natural gas production for August was 2,923.94 MMSCM, which was 20.23 percent higher when compared with the production of August 2020....

ONGC Videsh looking to hire Director (Finance); apply before Nov 15

ONGC Videsh Limited has posted a job vacancy through the PESB portal for the engagement of the Director (Finance). Eligible and interested candidates can apply for the job before November 15....

Pankaj Kumar takes charge as Director (Offshore) of ONGC

PESB had recommended the name of Pankaj Kumar for ONGC's Director (Offshore) post in June 2021. Kumar is currently serving as an Executive Director at ONGC only....

Coal India launches software for better assessment of coal resources

Coal India Limited (CIL) has launched a software named “Spectral Enhancement” (SPE), which will help in identifying thin coal seams under the earth crust and improve assessment of coal resources using seismic survey during the coal exploration process....

Tarun Kapoor flags off gas production from ONGC’s U1B well in KG-DWN 98/2 block

Petroleum Secretary Tarun Kapoor has flagged off production from the deep-water gas well U1B of Oil and Natural Gas Corporation (ONGC) in KG-DWN 98/2 Block....

India looking to attract investment of $50 billion in oil & gas sector in next 4 yrs

India is focussed on achieving producing targets of 40 MT of Oil and 50 BCM of gas by 2023-24 and will require an investment of about $50 billion in the next four years....

MEIL delivers 2nd oil rig to ONGC, to supply another 21 by 2022

MEIL has delivered the second oil rig to state-run ONGC and will supply another 21 rigs by 2022....

India’s crude oil production for July dips 3.22% y-o-y

India’s crude oil production during July was 2,548.78 TMT, which is 3.78 percent lower than the target for the month and 3.22 percent lower when compared with July 2020....

Private sector drives India’s natural gas production up by 18.36% in July y-o-y

Continuing the upward trend, India’s natural gas production in July has increased by 18.36 percent in comparison to July 2020 to settle at 2,891.96 MMSCM....

ONGC seeks partners for enhancing production from its marginal nomination fields

ONGC has announced Notice Inviting Offer (NIO) seeking partners for enhancement of production from its marginal nomination fields....

ONGC Q1 FY22 results: Net profit up 773% y-o-y, but drops 35.62% q-o-q

ONGC has posted a 773% rise in net profit y-o-y in Q1 of FY22 on account of improved crude oil realisation and a low base in the COVID-impacted corresponding quarter....

ONGC’s share in India’s oil & gas production rises despite decline in output. Here’s how

State-run Oil & Natural Gas Corporation’s (ONGC) share in India’s overall crude oil and gas production has gone up in the last three years....

PM Modi to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh

Similar to the launch of Ujjwala 1.0 in 2016 ahead of the Uttar Pradesh election from Balia (UP), PM Modi is going to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh on August 10....

ONGC conferred with AIMA Project Excellence Award in CSR

ONGC has been conferred with the AIMA Project Excellence Award in CSR for its 300-bed Swargdew Siu-Ka-Pha Multi-Speciality Hospital in the Sivasagar district of Assam....

Hurry up! Opportunity for Medical job in ONGC is ending soon; apply before Aug 4

ONGC has invited job applications for the engagement of Medical professionals on a contractual basis. Eligible and interested candidates can apply for the job before August 4....

Institute of Directors confers Golden Peacock award on ONGC Academy

The Institute of Directors has conferred the Golden Peacock National Training Award on ONGC Academy, recognising the institution as a pioneer in the training of human resources....

To raise India’s oil & gas production, govt looks to private sector for investment, competition

To increase India’s domestic oil and natural gas production, the government is seeking private investment and more competition for state-run behemoths like ONGC, OIL....

ONGC, Indian Coast Guard avert mishap by towing an adrift LPG tanker to safety

ONGC and the Indian Coast Guard (ICG) averted a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ on the Arabian Sea on July 24, said ONGC....

RIL’s KG Basin block raises India’s natural gas production for June by 19.52% y-o-y

Driven by increased production from RIL’s KG DWN 98/3 block in KG Basin, India’s natural gas production for June has gone up by 19.52 percent year-on-year....

India’s crude oil production continues decline, Q1 output dips 3.42% y-o-y: Official data

In June, India recorded crude oil production of 2,481.66 TMT, which was 2.26% lower than the target for the month and 1.79% when compared with June 2020....

ONGC GGM Sanjeev Tokhi set to be Director (Exploration) of ONGC Videsh

Sanjeev Tokhi, who is currently serving as Group General Manager in ONGC, has been recommended for the post of Director (Exploration) of ONGC Videsh by the PESB panel....

DGH overhauls PSC for NELP/Pre-NELP blocks, reduces paperwork

The Directorate General of Hydrocarbons (DGH) has limited the number of statutory approvals required for oil and gas blocks under NELP and pre-NELP regime....

Atmanirbhar Bharat: ONGC to procure equipment, services worth Rs 30,000 cr in FY22

In a major boost for Atmanirbhar Bharat Abhiyan, ONGC has said that it will procure equipment and services worth over Rs 30,000 crore from local businesses in FY22  ....

Dharmendra Pradhan tells ONGC, OIL: Monetise discoveries or the govt will auction them

Dharmendra Pradhan has told ONGC and OIL to either monetise discoveries at the earliest through JVs with domain experts or the govt will take them away and auction them ....

Dharmendra Pradhan tells ONGC to develop models for early monetisation of assets

At a review meeting, Dharmendra Pradhan has told ONGC to develop business models for early monetisation of assets and discoveries ....

ONGC FY21 results: Q4 profit at Rs 6,733.97 cr; dividend of Rs 1.85 per share declared

ONGC has posted a Profit after Tax (PAT) of Rs 6,733.97 crore in Q4 of FY21 and declared a dividend of Rs 1.85 per share ....

India’s crude oil production declines 6% y-o-y in May

India’s crude oil production in May was 6 percent lower in comparison to May 2020 and 5.47 percent lower than the monthly target as it settled at 2,437.96 TMT ....

ONGC features in Great Place to Work list of India’s Best Employers

ONGC Limited has been declared as India’s Best Employers among nation-builders during a virtual ceremony organised by the Great Place to Work ....

कोविड-19: ओएनजीसी ने पौड़ी, उत्तराखंड में लगाए ऑक्सीजन प्लांट

ओएनजीसी ने उत्तराखंड के पौड़ी जिले के सतपुली सामुदायिक स्वास्थ्य केंद्र व विकास खंड कोट के सामुदायिक स्वास्थ्य....

Oil & gas companies told to raise production; 50 BCM gas & 40 MT crude oil by FY24

The DGH has set a production target of 50 BCM of gas and 40 MT of crude oil by FY24 for oil and gas companies ....

Oil PSUs take up initiative to support various art & handicraft projects

Petroleum Secretary Tarun Kapoor inaugurated an initiative by Oil PSUs to support various art and crafts in the country and launched the Bamboo Craft Project of Madhya Pradesh supported by ONGC ....

Govt will auction ONGC, OIL’s major unmonetised fields, bring in private players: Pradhan

Dharmendra Pradhan has said that there will be no DSF auction next time because the government has plans to auction ‘major’ idle, unmonetised fields of ONGC, OIL ....

Govt will bring taxation reliefs to make oil & gas production more viable: Petroleum Secretary

Petroleum Secretary has said that the government is working on addressing taxation concerns and will do everything necessary to make domestic production of oil and gas viable ....

LPG Cylinder Portability: Now choose the LPG cylinder distributor you want

Ministry of Petroleum & Natural Gas soon going to allow LPG Cylinder Booking Portability in India. In a first, the scheme will be run as a pilot project in select cities ....

ONGC's Director Om Prakash Singh appointed as Director on the Board of MRPL

ONGC Limited's Director (Technology & Field Services) Om Prakash Singh, has been appointed as Director on the board of MRPL Limited ....

PESB didn’t recommend any candidate for ONGC CMD post

The PESB didn’t recommend any candidate for the position of the next Chairman and Managing Director (CMD) of Oil & Natural Gas Corporation (ONGC) ....

PESB recommends Pankaj Kumar for ONGC Director (Offshore) post

The PESB has recommended Pankaj Kumar for the post of Director (Offshore) of state-run Oil & Natural Gas Corporation (ONGC) ....

Next ONGC CMD: Top 10 list of candidates in the fray

As the last lap of the race for the selection of a CMD for ONGC draws closer, here is a look at the list of candidates who could be the PSU’s next CMD ....

Barge P305: ONGC suspends senior officials, takes no action against Afcons, say sources

The fierce backlash over the barge P305 mishap has prompted a series of suspensions and transfers at ONGC, but no action has been taken against Afcons, said sources ....

Cyclone Yaas: Here is Oil & Gas industry's action plan to mitigate the impact

Oil & Gas industry is gearing up to mitigate the impact of cyclone Yaas which is now likely to make landfall at north Odisha - West Bengal coast between Paradip and Sagar Island on Wednesday evening ....

Part 2: How transparent is ONGC about lapses in HSE with its workforce?

In the backdrop of the barge mishap, sources have alleged a lack of transparency in HSE issues at ONGC and pointed out the management's reluctance to share inquiry reports with its workforce ....

India’s crude oil output in April 1.16% higher than target, but 2.07% lower y-o-y

India’s crude oil output in April improved slightly as it settled at 2,493.26 TMT, which was 1.16 percent higher than the target for the month ....

Barge mishap: ONGC announces compensation of Rs 2 lakh for kin of deceased, Rs 1 lakh for survivors

ONGC has announced a compensation of Rs 2 lakh for the families of those who have died and are missing and Rs 1 lakh for the survivors ....

MRPL acquires 100% shares in OMPL from ONGC

MRPL has acquired ONGC’s shares in ONGC Mangalore Petrochemicals Ltd (OMPL), making OMPL a wholly-owned subsidiary of MRPL ....

Part I: Why were ONGC barges in Bombay High unprepared for Cyclone Tauktae?

Despite having been warned about a ‘severe cyclonic storm,’ ONGC and Afcons, which was operating the ill-fated barge P305, didn’t move the barges to safety because they underestimated the severity of the cyclone ....

Cyclone Tauktae: High-level committee to probe drifting of ONGC barges & employee deaths

The Centre has set up a high-level committee to enquire into the sequence of events leading to the stranding of ONGC barges in Cyclone Tauktae ....

Cyclone Tauktae: 182 out of 261 Afcon staff rescued from Barge P305 in Bombay High

182 out of 261 employees onboard barge P305 of Afcon in Bombay High, which drifted and capsized due to Cyclone Tauktae, have been rescued so far, said sources ....

Govt has asked ONGC to procure 1 lakh oxygen concentrators to address shortage

ONGC has been given the responsibility to procure 1 lakh oxygen concentrators based on its understanding of global supply chain and logistics by the Centre ....

Govt to launch DSF round 3 for discovered oil & gas fields on May 18

After a lag of over two years, the government is now set to launch the third bidding round for Discovered Small Fields (DSF) on May 18, according to the DGH ....

KG basin gas auction: ONGC agrees to remove marketing margin, won’t lower floor price

ONGC has agreed to remove the marketing margin of $0.20/MMBTU on the gas it is ready to auction from its KG-DWN-98/2 in the deep-sea block in KG basin ....

Oil & Gas PSUs will spend about Rs 100 cr for redevelopment of Badrinath Dham

Oil & Gas PSUs namely Indian Oil, BPCL, HPCL, ONGC & GAIL have signed MoUs with Shri Badrinath Utthan Charitable Trust for the construction and redevelopment of Shri Badrinath Dham as a spiritual smart hill town ....

ONGC, HPCL setting up 20 oxygen plants, BPCL supplying over 400 MT/month of oxygen

ONGC, HPCL have been tasked with setting up oxygen generation plants at 10 hospitals each across 7 states; BPCL is supplying over 400 MT/month of oxygen from refineries ....

ONGC clarifies: Govt’s restructuring plan not intended to limit our role in oil & gas sector

ONGC has said that the discussion on restructuring has been going on since April 2019 and is neither new nor intended to limit ‘intended to limit role or growth of ONGC’ ....

Palma attack: Total suspends work on Mozambique LNG project, declares force majeure

Total has suspended work on the massive US $20 billion LNG project in Mozambique in the wake of Palma attack and has offered no comment so far on whether work will be resumed and when ....

COVID-19: Govt summons oil PSUs into service, asks them to set up oxygen plants in hospitals

The government has summoned its oil PSUs into service and has asked them to set up medical oxygen plants in hospitals across 93 locations in India ....

Army, Assam Rifles rescue 2 ONGC employees, operations on to free third employee

The Indian Army and the Assam Rifles troops have rescued two of the three abducted employees of ONGC, while operations are on to rescue the third employee ....

ONGC, Reliance KG Basin blocks to drive India’s natural gas output up by 52% by 2024: Report

A new report has projected a growth of 52 percent in India’s natural gas output by 2024 as ONGC and Reliance blocks in the KG basin ramp up production ....

ONGC misses capex target; OIL, IOC, HPCL, BPCL exceed budgeted spending for FY21

ONGC missed its capex target for FY21 by one-fifth, while other downstream oil and gas companies, IOC, HPCL and BPCL exceeded the targeted spending ....

Reliance’s KG 98/3 block drives India’s private sector gas output up by 115.25% in March y-o-y

Reliance’s R Cluster in block KG 98/3 has driven India’s total natural gas output by the private sector up by 115.25 percent in March year-on-year ....

FY21: India’s crude oil production has declined by 20% in a decade, shows official data

In the backdrop of the government’s call for an Atmanirbhar Bharat, India’s cumulative crude oil production has registered a decline of 20 percent over the last decade ....

3 ONGC employees abducted in Assam’s Sivasagar; police says abductors are Ulfa militants

Three ONGC employees, including two Junior Engineer Assistants (Production) and a Junior Technician (Production), have been abducted by unknown armed miscreants in Assam ....

ONGC officers observe day-long fast to demand resolution of long-pending issues

Scientific and technical officers at ONGC have observed a day-long fast to demand resolution of a number of long-pending issues ....

Behind ONGC’s declining production are field officers waiting for promotion, leaves, allowances: Sources

Sources have claimed that the ONGC management’s failure to address a slew of issues raised by field officers over time has affected the morale of employees, impacting production ....

Govt wants ONGC to be ‘enabler’ of growth, seek private partnership to raise crude oil output

The government has come up with an action plan to ‘restructure and revamp’ state-run ONGC in a way that will turn it into an ‘enabler’ of growth ....

ONGC CMD Subhash Kumar appointed as Additional Director of Petronet LNG

ONGC Director (Finance) and CMD Subhash Kumar has been appointed as Additional Director on the board of Petronet LNG Limited ....

MEIL’s first Make in India oil rig begins operations in ONGC’s Kalol oil field

In a big boost for Make in India, MEIL said that its first indigenously-developed oil drilling rig has started operations in ONGC’s Kalol oil fields in Ahmedabad ....

ONGC CMD Subhash Kumar gets additional charge as MRPL Chairman

ONGC Director (Finance) & CMD Subhash Kumar has been given additional charge as Chairman of Mangalore Refinery and Petrochemicals Limited (MRPL) ....

Subhash Kumar assumes additional charge as CMD of ONGC

ONGC Director (Finance) Subhash Kumar has assumed additional charge as ONGC CMD for a period of three months  ....

ONGC Director (Finance) to get additional charge of ONGC CMD’s post

The Director (Finance) of ONGC, Subhash Kumar, is set to get additional charge of the ONGC CMD’s post, an official order accessed by PSU Watch showed ....

ONGC picks up 5% stake in Indian Gas Exchange

ONGC has become the fourth investor to acquire stake in Indian Energy Exchange’s (IEX) Indian Gas Exchange (IGX) ....

CSR: ONGC CMD inaugurates residential complex of Siu-Ka-Pha Multi-specialty Hospital

ONGC CMD Shashi Shanker inaugurated the residential building of the Siu-Ka-Pha Multi-specialty Hospital built under CSR initiative at Rajabari of Sivasagar on February 22 ....

India’s crude oil output misses target by 8% in Jan as COVID-19 disruptions continue

Continuing on the downward trajectory, India’s crude oil production in January settled at 2,572.69 TMT, which was 7.95 percent lower than the target set for the month ....

ONGC stocks dipped as net profit fell 52% in Q3FY21

ONGC net profit fell 52.1 percent quarter-on-quarter to Rs 1378.23 crore in Q3FY21, the revenues rose 0.6 percent to Rs 17, 023.8 crore ....

Gas economy: ONGC to set up subsidiary for gas business, pick up 5% stake in IGX

ONGC has said that it will set up a wholly-owned subsidiary for focussing on its gas and LNG business and will pick up 5% stake in IGX ....

ONGC to undertake India’s maiden geothermal field development project in Ladakh

ONGC will implement India’s maiden geothermal field development project in Ladakh and has signed an MoU in this regard ....

ONGC has cut its carbon emission intensity by over 12% in last 5 years: CMD

ONGC CMD Shashi Shanker said that over the last five years, the Energy Maharatna PSU has reduced its carbon emission intensity by more than 12 percent ....

Natural gas production in Dec’20 falls short of target by 23%

Natural gas production during Dec 2020 was 2424.90 MMSCM, which was 22.94% lower than the monthly target and 7.11% lower when compared with Dec 2019 ....

Crude oil output for Dec’20 misses target by nearly 7%; Covid-19 impacts production

Crude oil production during Dec 2020 missed the target by 6.85% as both public and private sector E&P companies reported decline in output due to Covid-19 ....

Pradhan flags off two welfare projects of ONGC at Betul in MP

To increase the use of renewable energy and making India Atmanirbhar, Union Minister Dharmendra Pradhan flagged off two welfare projects supported by ONGC, in Betul district of Madhya Pradesh ....

PCRA launches month long 'Saksham', click to know the details

Apart from launching a month-long campaign 'Saksham', a memorandum of understanding (MoU) has also been signed between PCRA and EESL for the promotion of an energy-efficient PNG stove ....

LTHE wins contract for construction, revamp of offshore platform at ONGC’s Mumbai High

LTHE said that it has secured a contract worth up to Rs 5,000 crore from ONGC for a new living quarter and revamp at ‘NQ Complex’ Project in Mumbai High ....

Govt mulling proposal to develop free market for domestic crude oil

The Centre is considering a proposal to abandon the current practice of allocating domestic crude oil to refineries, which would help develop a free market for crude oil ....

CIL, ONGC JV start drilling first production well for CBM in Jharia’s Parbatpur block

CIL and ONGC have started drilling the first production well for extraction of Coal Bed Methane (CBM) in Parbatpur Block of Jharia ....

Govt wants to run industrial plants on natural gas, plan to benefit ONGC, OIL

The Central government is considering a proposal to run industrial plants across the country, wherever possible, on natural gas ....

India’s crude oil output dips again in Nov. What does it say about Atmanirbhar Bharat?

Even as PM has given a call for Atmanirbhar Bharat, India’s domestic crude oil production has recorded a consistent decline, increasing the country’s dependence on imports ....

West Bengal finds a place in the oil map with ONGC's Bengal Basin: Pradhan

Pradhan on Sunday dedicated ONGC's Bengal Basin to the nation, in which till now, ONGC has invested Rs 3,361 crore to explore hydrocarbon and Rs 425 crore more will be spent on exploration activities in the basin in the coming two years ....

ONGC is looking for Director (Finance); apply before Feb 25

Oil & Natural Gas Corporation (ONGC) has invited job application for the post of Director (Finance). Eligible and interested candidates can apply for the job before February 25, 2021 ....

ONGC looks to monetise CBM gas from blocks in Jharkhand, approaches GAIL for connectivity

ONGC is eager to monetise CBM gas produced from blocks in Jharkhand’s Jharia, Bokaro and North Karanpura and has approached GAIL for seeking tie-in connectivity ....

IOC wins Swachhta Pakhwada award, while HPCL bags Swacchata hi Sewa award from MoPNG

IOC was given the Swachhta Pakhwada award, while HPCL was felicitated with the Swacchata hi Sewa award by the Ministry of Petroleum and Natural Gas ....

OVL invites job applications for Director (Operations); click to know

ONGC Videsh Limited (OVL) has invited job applications for the engagement of Director (Operations). Eligible and interested candidates can apply before January 18 ....

ADB to work with oil PSUs, Ministry of Petroleum for advanced biofuel development

Asian Development Bank (ADB) on Monday said it has approved a USD 2.5 million (about Rs 18 crore) for development of advanced bioethanol, bio-compressed natural gas, and biodiesel plants ....

OVL strikes oil in appraisal Well 'Indico2' in CPO-5 block, Colombia

The overseas arm of Oil and Natural Gas Corporation Limited ONGC Videsh Limited (OVL) has made a significant strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin ....

These PSUs made it to Fortune 500 list 2020 of Indian companies

Indian Oil has been ranked no 2 in the Fortune 500 list 2020 of Indian companies followed by Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI), and BPCL (Bharat Petroleum) in the top ten list ....

Death of this 24-yr-old trainee due to mishap puts ONGC’s safety practices under scanner

In the aftermath of the accident, an internal ONGC circular shows that the organisation has recalled GTs from active operations ‘till their competency is established’ ....

Govt releases new policy, mandates oil & gas PSUs to ensure 50-20% local content in procurement

The government has mandated oil and gas PSUs to ensure 50-20 percent local content (LC) in the procurements made by them ....

ONGC to double efforts to increase capex spending to make up for time lost due to COVID-19

ONGC plans to double its efforts to make up for the time lost due to the COVID-19 pandemic and stay close to the targeted capex of Rs 32,500 crore ....

Pradhan tells ONGC, OIL: Bring in global players for E&P in blocks won under OALP V

Pradhan urged ONGC and OIL to farm out OALP areas so as to bring in international players into exploration activities and run the business in a professional manner ....

LNG is fuel of the future, time to tell people about this: Dharmendra Pradhan

Union Minister Dharmendra Pradhan has termed LNG as the fuel of the future and has called upon various stakeholders to create an awareness campaign for benefits of LNG. He was speaking at a webinar on 'LNG as a Transport Fuel' ....

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest ....

Alok K Gupta takes charge as MD & CEO of ONGC Videsh

Alok Kumar Gupta, who was serving as Director (Operations), has taken over as Managing Director & Chief Executive Officer (MD&CEO) of ONGC Videsh ....

ONGC looking to hire doctors on contract basis; apply before Nov 15

ONGC has posted a job notification for the engagement of Doctors on a contract basis at Johrat. Eligible and interested candidates can apply for the job before November 15 ....

India’s natural gas production touches new low in Sep after brief recovery since April

After having recovered briefly in the aftermath of the COVID-19 crisis, India’s natural gas production has hit a new low in September at 2,293.52 MMSCM ....

India’s crude oil output continues to decline, misses target by 6.94% in Sep

Continuing its downward trajectory, India’s crude oil production settled at 2,486.52 TMT in September, which was 6.94 percent lower than the target ....

OALP Round 5: Private sector keeps away, ONGC wins 11 blocks, OIL 4

Oil and Natural Gas Corporation (ONGC) has secured 11 blocks and Oil India Limited (OIL) has won the remaining four under Round 5 of the OALP ....

MRPL board okays MRPL-OMPL merger; HPCL-MRPL merger next in line

The MRPL-OMPL merger is expected to be completed by June 2021, after which ONGC will take up the merger of MRPL with HPCL ....

जून 2021 के बाद होगा एचपीसीएल और एमआरपीएल का विलय

एचपीसीएल और एमआरपीएल के विलय से पहले ओएनजीसी, एमआरपीएल के साथ ओएनजीसी मैंगलोर पेट्रोकेमिकल्स लि. (ओएमपीएल) के....

Data shows oil PSUs have spent only 25% of FY21 capex until August

Most state-run oil PSUs have spent nearly 25 percent of their capex for FY21 in the period between April and August, government data shows ....

Natural gas production in India remains loss-making, say ratings agencies after price cut

With the Centre announcing a price cut, rating agencies declared that natural gas production in India remains a loss-making proposition for most fields ....

Learning from Uran blaze, ONGC controls fire at Hazira plant within 3 hours

The fire at Hazira gas processing plant of ONGC followed the same script as that of Uran plant, but there were fire tenders this time on standby, said sources ....

ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan

Pradhan said that ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund ....

OIL’s Baghjan site turns out to be COVID hotspot, 100 infected & recovered so far

The well blowout site in Assam’s Baghjan has turned out to be a hotspot of COVID-19 infection as 100 employees of OIL have been infected ....

Oil & gas PSUs have begun 8,363 projects worth Rs 5.88 lakh crore

Oil & Gas industry has kick-started economic activities/projects, numbering 8,363 with an anticipated cost of Rs 5.88 lakh crore ....

India records lowest crude oil output in 9 years in April-July period

In the backdrop of the government’s call for Aatmanirbhar Bharat, India has recorded its lowest crude oil output in the April-July period in the last nine years ....

Monetisation of gas from KG basin blocks expected within Q2: DGH official

The two blocks in KG basin have been progressing well and gas monetisation at KG-DWN-98/2 and KG-DWN-98/3 is expected to happen within this quarter, said a top DGH official ....

Alok Kumar Gupta to be next ONGC Videsh MD

A selection panel appointed by the govt has selected Alok Kumar Gupta as the MD and CEO of ONGC Videsh, sources in the know of the matter said ....

OALP Round 5 fails to attract private players; ONGC & OIL emerge top bidders

The Round 5 bid under OALP has received bids from only 12 entities and all the bids, barring one, have come from state-run OIL and ONGC ....

Impairment loss causes ONGC to report its first-ever quarterly loss in Q4 FY2019-20

ONGC has reported its first-ever quarterly loss in the Q4 of FY2019-20 in the wake of a historical decline in crude oil prices and the continuing slump in gas prices ....

ONGC Videsh gets approval for Rs 909 Cr additional investment in Myanmar Gas Blocks

The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi has approved additional investment by ONGC Videsh Ltd worth Rs 909 Crore in Myanmar Gas Blocks ....

COVID-19: 54 staff test positive, ops at 2 rigs on hold. How is ONGC fighting the risk?

At oil and gas behemoth ONGC, 54 positive cases of COVID-19 have come to light and one death has been reported ....

OIL, ONGC, Alert Disaster team submit draft plan for plugging Assam gas leak to govt

OIL, alongwith the team of experts from Alert and ONGC, has submitted a draft plan to the govt for plugging the gas leak in Assam ....

Anurag Sharma takes over as Director (Onshore) at ONGC

Anurag Sharma, who was serving Executive Director in ONGC, has taken over as Director (Onshore) of the Maharatna oil and gas PSU on Monday ....

ONGC and NTPC sign MoU to set up JV for renewable energy business

State-run ONGC and NTPC Limited are planning to set up a Joint Venture Company for Renewable Energy business ....

ONGC Videsh invites job applications for Director (Exploration)

ONGC Videsh has invited job applications for the post of Director (Exploration). Eligible candidate can apply for the job before July 30 ....

ONGC is looking for Director (Offshore); apply before July 30

ONGC has invited job applications for the post of Director (Offshore). Eligible candidate can apply for the job before July 30 ....

ONGC awards 49 marginal oil & gas fields to 7 companies

ONGC has awarded 49 marginal fields producing oil and gas to 7 companies under a govt plan to increase production from these fields ....

India moving towards a new gas policy, a new tariff policy: Pradhan

Petroleum Minister Dharmendra Pradhan has hinted at bringing in a new gas policy and the much-awaited gas exchange soon ....

During lockdown, here’s how ONGC Academy has got creative with training staff

ONGC academy turned the COVID crisis into an opportunity by leveraging technology and imparting training to executives online ....

The crash in oil prices has landed ONGC in a financially precarious position

With the global crude oil prices plunging to a record low on April 20, state-run ONGC is now finding itself in a precarious position financially ....

ONGC is looking for Medical Officers (Field Duty); click to know

ONGC has posted a job notification for the engagement of Medical Officers (Field Duty) on the contractual basis, eligible candidates can apply before April 24 ....

Oil and gas PSUs resume work on 511 projects that will create 7 cr man-days of work

Oil and gas PSUs, under the Ministry of Petroleum and Natural Gas, have resumed work on 511 projects, worth approximately Rs 2 lakh crore ....

Amidst COVID crisis, CPSEs are doing so much more than what appears on the surface

While the country stands locked down, the CPSEs are ensuring that people are not inconvenienced in their homes for the lack of essential commodities ....

Govt extends date for bid submission for auction of 11 oil & gas blocks a 3rd time

The govt has once again extended the last date for the submission of bids for the auction of 11 oil and gas blocks under Round 5 to June 10 ....

Maharatna PSUs have contributed a hefty Rs 1,577 cr via CSR to PM CARES

India has a total of 10 Maharatna PSUs and they have jointly contributed a total of Rs 1,577 crore to the PM CARES fund ....

Om Prakash Singh takes charge as Director (T&FS) of ONGC

Om Prakash Singh, who was recommended by the PESB panel, has assumed charge as Director (Technology & Field Services) of ONGC Limited ....

Rajesh Aggarwal is new Govt Nominee Director of ONGC

Rajesh Aggarwal (IAS), who is currently serving as Additional Secretary & FA in MoPNG, has been appointed as Government Nominee Director of ONGC ....

ONGC is looking for CMD; apply before May 11

ONGC Limited has released a job notification through PESB portal for CMD post. Eligible candidates can apply before May 11 ....

India’s crude oil production continues to slip, misses target by 12.48%

Crude oil output in January missed the target by 12.48 percent to settle at 2696.77 TMT, which was 5.30 percent lower when compared with January 2019 ....

Anurag Sharma appointed as Director (Onshore) of ONGC

Anurag Sharma, who was recommended by a PESB panel in October 2019, has been appointed as Director (Onshore) of ONGC ....

ONGC wins all 7 blocks up for offer under OALP bid Round 4

ONGC signed the revenue-sharing contracts with the government for all the seven oil blocks that were awarded under OALP bid round 4 ....

ONGC gets green nod for exploration in 100 locations in Assam

ONGC has got an environment clearance for carrying out onshore exploration, development and production of oil and gas in 100 locations in non-forest area of Assam ....

India’s crude oil output at lowest in 7 years in April-Nov period

India’s crude oil output in the April-November period of financial year 2019-20 settled at its lowest in the last seven years ....

ONGC records 24.21% decline in net profit in Q2 y-o-y

State-run ONGC has recorded a 24.21 percent decline in standalone profit year-on-year at Rs 6,263.13 crores in Q2 FY2019-20 ....

Uran-like blaze hits ONGC in Mehsana; severely injures 1

An accident that is being touted to be similar in terms of scale to the September fire incident at ONGC Uran plant has been reported from Mehsana ....

Pradhan tells ONGC to improve output from Mumbai High

In the backdrop of ONGC witnessing a decline in oil production, Dharmendra Pradhan held a review meeting to assess output from Mumbai High ....

Anurag Sharma set to be new Director (Onshore) of ONGC

Anurag Sharma, who is currently serving as Executive Director, has been recommended for the post of new Director (Onshore) of ONGC ....

Another accident hits ONGC in Tripura due to safety norm violation

In an accident involving a 100-tonne oil rig of state-run ONGC in Tripura, one person has been seriously injured and another has sustained minor injuries ....

This letter shows the ONGC HPCL ownership tussle is still not over

A letter, written by former ONGC employees to CMD Shashi Shanker, shows that the ONGC HPCL ownership tussle is still far from over ....

EXCLUSIVE: Another fire breaks out at ONGC’s Uran plant in a month

Barely a month after a fire broke out at state-run ONGC’s Uran plant, another fire broke out at the gas sweetening unit (GSU) of the plant ....

ONGC Videsh makes two new discoveries in Brazil & Colombia

ONGC Videsh has made two new oil and gas discoveries in Colombia and Brazil, a statement released by the PSU said ....

LPG supply situation in India comfortable, say OMCs

OMCs dismissed reports that claimed they were planning on rationing LPG cylinders in the wake of a scarcity in LPG supply ....

OPaL invites jobs applications for Manager and other posts

OPaL has invited job applications for the post of executive cadre for various roles, interested and eligible candidates for OPal jobs can apply before October 10 ....

ONGC planning Rs 4,254-cr investment in Gujarat facility

ONGC is planning an investment of Rs 4,254 crore to drill 656 wells in Gujarat, the company said in an application to the environment ministry ....

Who is new ONGC Director (Technology & FS). Click to know

Om Prakash Singh currently serving in the same organisation and recommended for the post of ONGC Director (Technology & FS) by a PESB panel on Monday ....

ONGC looking to hire executives through GATE 2020

ONGC is looking to hire promising, energetic and young candidates with a bright academic record to join the organisation as executives ....

ONGC to invest Rs 13,000 cr for exploration work in Assam

ONGC is planning to invest Rs 13,000 crores for exploration work across Assam in the next five years, an official release said ....

ONGC fire accident: CNG supply in Mumbai, Thane restored

The CNG supply to Mumbai, Thane was disrupted by a massive fire accident at an ONGC plant in Uran on Tuesday morning ....

Four killed in massive fire at ONGC’s Uran plant

A massive fire that broke out at an oil and gas processing plant of state-run ONGC at Uran near Mumbai on Tuesday morning killed four people ....

ONGC gets ICC PSE excellence award 2018

ONGC received ICC PSE Excellence Award for Operational Performance Excellence in the 9th edition of the award ceremony ....

BHEL and ONGC win Dun & Bradstreet PSU Award 2019

Dr Nalin Shinghal, CMD, BHEL, Navin Chandra, Director (Tech & Field Services) ONGC and senior officials, received the award from Arvind Sawant, Minister of HI&PE ....

ONGC investing Rs 83,000 cr in 25 projects: Shashi Shanker

India's biggest oil and gas PSU produced 24.23 million tonnes of crude oil in 2018-19 and 25.81 billion cubic metres of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 billion cubic metres of gas was produced from its overseas assets ....

HPCL complies with SEBI order, lists ONGC as a promoter

SEBI had asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters, listing ONGC as a promoter ....

Q1FY20: ONGC standalone net profit slips around 4% y-o-y

ONGC’s net profit for Q1 FY2019-20 stood at Rs 5,904 crores, down from Rs 6,144 crore in the year-ago period ....

ONGC will now use CO2 sourced from IOC refinery to boost oil recovery

An MoU has been signed that focuses on development of carbon dioxide capture plant at IOC’s Koyali refinery with appropriate carbon capture technology ....

ONGC's Pomila Jaspal set to be MRPL's Director (Finance)

Jaspal is currently serving as Group General Manager at Oil & Natural Gas Corporation and was selected for the post from a list of seven shortlisted candidates ....

ONGC has discovered 230 MT of oil reserves in the last three years: Pradhan

Pradhan said ONGC had a total oil reserve of 459.84 million tonnes as on April 1 this year that are spread over 16 assets ....

L&T secures twin ‘large’ orders from ONGC

The firm said that the orders fall under the “large” category, which means that they must be between Rs 2,500 crore and Rs 5,000 crore as per its classification of contracts ....

With this, govt has settled the ownership tussle between ONGC and HPCL. Know how

According to sources, the appointment of Director (Finance) for HPCL by the PESB has settled the matter pertaining to HPCL’s ownership ....

ONGC looking to hire Group General Manager (Marketing). Apply before July 10

The candidate should have minimum experience of 20 years in oil & gas marketing function and the last served Company must have an annual turnover of at least Rs. 5,000 crores ....

In Farzad-B, ONGC Videsh is trying to keep both Iran and US happy. But can it?

As ONGC Videsh drags its feet on the matter, Tehran has indicated it could come out with a licensing round for the development of the field by an Iranian contractor ....

ONGC to spend Rs 3,500 cr on drilling 100 wells in Assam

The oil exploration company has already drilled over 500 wells in these areas, ONGC said in an application seeking clearance from the Environment Ministry ....

Moody’s says ONGC cannot lean on natural gas for profitability

The news comes as the state-run oil explorer has been recording a steady decline in crude oil output and is investing on scaling up its natural gas output ....

ONGC FY19 PAT up but Q4 down; and there’s no word on cash reserves

The PSU posted a 34% drop in PAT at Rs 4,045 crores as opposed to Rs 5,915 crores in Q4FY18. Consequently, its shares slipped 0.35% on May 31 ....

Crude oil output for April falls by 7%. Know how ONGC, OIL fared

The slump in crude oil output, coupled with a 14 percent rise in oil imports, pushed India’s dependence on oil imports to 86.8 percent ....

ONGC Videsh posts a 71 percent jump in net profit in FY2018-19

The consolidated net profit for the entire financial year stood at Rs 1,682 crore and was 71.4 percent higher than financial year 2017-18 ....

Alok Kumar Gupta set to take over as Director (Operations) at ONGC Videsh

Among the candidates who were interviewed for the job, five were from within ONGC, one from ONGC Videsh and one candidate was from IOCL ....

Know all about OALP bidding round II, III

While 14 blocks have been offered under OALP round II, another 18 oil and gas blocks and five coal-bed methane (CBM) blocks are on offer in OALP III ....

Rajesh Kumar Srivastava set to be ONGC’s next Director (Exploration)

Srivastava joined ONGC in 1984 as Geologist at KG-PG Basin, Rajahmundry. He has more than 34 years of experience in up-stream hydrocarbon exploration ....

ONGC restores operations at its oil field in Bay of Bengal

Sources said that ONGC had taken all precautionary measures, stopped operations, evacuated some 500 employees and towed rigs to safer waters ahead of the cyclone ....

In FY19, India recorded highest-ever gas output since 2002 because of this PSU

The output in FY18-19 grew for the second consecutive year, registering a 0.69 percent increase over the last fiscal year ....

In FY19, India recorded lowest oil output in 8 yrs. Know how ONGC, OIL fared

India’s domestic crude production has went down for the eighth consecutive year in 2018-19 and was the lowest in the past eight years ....

ONGC posts record-high natural gas output in 2018-19

In the fiscal that ended on March 31, the oil PSU’s total natural gas production stood at 25.9 BCM as opposed to 24.61 BCM in the previous fiscal ....

Despite record profit, ONGC forward valuation lowest in 14 years

ONGC’s 12-month forward valuation it is set to report a net profit of over Rs 27,000 crore, the highest since its listing ....

As govt asks cash-rich PSUs to cough up money, IOC relents, ONGC to follow

India’s biggest oil firm said its board accepted the payment of Rs 1.50 per share of 15 percent in second interim dividend for this fiscal to shareholders ....

This time, ONGC is going to hire PROs, HR executives via NET. Apply here

Candidates will have to qualify the UGC-NET exam of June 2019. Scores from any previous UGC NET examinations will not be valid for these vacancies ....

Apply Here For The Post Of Asst. Legal Adviser In ONGC

ONGC is looking for young, promising and energetic persons with bright academic record to join and what goes without saying is ONGC is fabulous paymaster ....

Fire at ONGC oil well in Ahmedabad kills two

Four other contractual workers who were afflicted with severe burn injuries are being treated at a hospital in Ahmedabad, an official statement said ....

Deep Industries surge 38% in last three days after securing ONGC orders

The integrated oil and gas company’s stock surged 115 percent following the past three days rise, against 52-week low price of Rs 79 hit in July 2018 ....

Attention! The much-coveted Maharatna league is set to get a new entry

The ONGC arm is also set to become the first subsidiary company of an existing Maharatna to enter the coveted league among state-run entities ....

L&T Hydrocarbon Engineering secures 'order from ONGC

Value of the contracts was in the "significant" category, which is supposed to be in the range of Rs 1,000 crore to Rs 2,500 crore, according to the company’s project classification ....

Call It Carnival Quarter For ONGC!

Oil and gas explorer’s profit grew to Rs 8,263 crore in the quarter ended December 31, compared to Rs 5,014.67 crore in the same quarter last year ....

ONGC says no to RTI query that asked for docs on buried pipelines at Surat airport

About six months ago, ONGC had invited expression of interest (EoI) for the safe operation of the buried pipelines. However, there has not been much advancement since ....

No proposals made to list ONGC Videsh: Pradhan

Saying market conditions were not ideal for listing an exploration and production company, the ONGC board had last month raised the red flag to a move by DIPAM for listing ONGC Videsh ​ ....

State-run energy companies will pour Rs 80 crore to make Tripura ODF state

ONGC, Indian Oil Corp, Oil India Ltd and Gas Authority of India Ltd are the other companies to provide the finance assistance for making the state Open Defecation Free ....

Police trace ONGC’s missing radioactive isotope to scrap shop

The container, which held a few grams of the substance Caesium-137 (CS-137), was discovered at an iron scrap shop in Kalidindi village in the Krishna district ....

DGH approval must for production beyond oilfield area

The move is seen as a pivotal change in rules to prevent situations like the 20-month-long gas migration dispute between RIL and ONGC over output from a reservoir RIL shares with the state-owned company  ....

Missing radioactive element from ONGC facility poses no danger: Authorities

The missing isotope — which was only 2.5 curie — was kept inside a lead container, meaning the gamma rays released by it would be completely suppressed ....

Govt comes up with a plan to push output from old oil blocks

To this point, higher revenue offered to the government from the oil and gas production has been the decisive factor for winning a block but the policy has not boosted oil and gas production ....

Govt expects to raise Rs 45,000 cr from 2nd round of Discovered Small Field bid

The last date for submitting the Discovered Small Field bid has been extended by one month to January 18 this month, on account of requests received by the prospective bidders ....

Expect upto 50% dividend from these 7 cash-rich PSUs

Cash-rich entities had a cumulative cash balance of Rs 54,235 crore at the end of March last year. The list includes Coal India, HAL, NMDC, RITES, Engineers India Ltd (EIL), NBCC and MOIL ....

Assam set to get Rs 6,000 crore investment from ONGC

State-run oil behemoth will invest its project in the Sivasagar and Charaideo districts of upper Assam, in addition to hiring over 300 persons in the state ....

Petrotech is one of the largest events of its kind: CMD ONGC

Petrotech is going to be orgainsed from 10-12th February 2019 at Greater Noida Expo Centre ....

Over 400 vacancies at ONGC

Interested candidates can apply for the positions online at the official website of ONGC. The last date of application is January 1, 2019 ....

ONGC is considering buyback of fully paid-up equity shares

ONGC’s buyback programme is expected to cost about Rs 4,800 crore. It is likely that its internal resources will be used to fund the buyback ....

ONGC Limited has invited applications for recruitment to various non-executive posts!

Online application process has begun and eligible candidates can apply till December 27 (Delhi, Dehradun) and January 1 (Mumbai, Goa) ....

Venezuela’s PDVSA pays $32 million dividend to ONGC

The payment is part of a deal signed in 2016 between ONGC Videsh and PDVSA, under which the latter was supposed to pay US$537 million as dividend to the oil PSU ....

Meet the woman who has breached ONGC's all-male board of Directors

Alka Mittal is the first full-time woman director on India's largest oil and gas producer, ONGC's board ....

India’s output of crude oil this year is lowest in 7 years

 In October, production went down by about 5 percent to 2,885 thousand tonnes, the lowest output in that month in the past five years since 2013  ....

ONGC's gas output this year has topped its own past records

ONGC has stepped up its efforts to increase production and make new fields operational after Modi set a stiff target of reducing oil import dependence by 10 per cent by 2022 ....

Govt mulling $2 billion share sale of ONGC, IOC & OIL to meet divestment target

The Ministry of Finance is planning a mix of share sales and buybacks by state oil companies to raise the money  ....

ONGC tells govt: Will buy back govt shares or pay interim dividend, not both

Sources say that the decision seems to be the consequence of an internal meeting where the trade union was assured that the grievances voiced in the September 4 letter will be looked into ....

Govt eyeing Rs 8,000 cr through CPSE ETF

The finance ministry has plans to rejig companies in the ETF by removing three existing CPSEs and adding four new ones in their place ....

In Q2, ONGC profit rises 61%, beats estimates

ONGC’s net profit stood at Rs 8,265 crore in Q2 compared with Rs 5,130 crore a year earlier ....

India’s dependence on crude oil imports has risen, shows data

Despite the government’s vision to cut down India’s dependence on oil imports, the graph has only moved upward in the last one year, data shows ....

Now, a ranking system for evaluation of oil & gas fields

For now, the ranking will only be shared with the participants. But in future, after the evaluation process has been stabilised, there are plans to make it public ....