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Saturday, March 28, 2020

Oil and Natural Gas Corporation

OIL AND NATURAL GAS CORPORATION NEWS

Shell-Reliance give up Panna-Mukta fields; western offshore fields to revert to ONGC

December 20, 2019 1:11 pm

The 25-year production sharing contracts for the PMT fields expires this week and Reliance and Shell had decided not to seek an extension for Panna-Mukta fields.

ONGC raises $300 mn via 10-year bond at coupon 3.375%; lowest by any Indian issuer

November 28, 2019 6:09 pm

At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate.

Profit at Rs 8,262.70 crore, ONGC Q3 net rises 65 per cent

February 15, 2019 4:27 am

ONGC’s realisation from crude oil from its nominated fields increased 13.6 per cent per barrel in dollar terms and 26.5 per cent in rupee terms during the December 2018 quarter compared to the year-ago period.

To reach stake sales target, FinMin lines up PSUs for disinvestment

July 16, 2014 1:09 am

The finance ministry plans to raise funds through the exchange traded funds for central public sector enterprises.

ONGC claims RIL took its natural gas; Delhi HC seeks Centre’s reply

May 16, 2014 12:48 am

The court has issued notice to the petroleum and natural gas ministry and the directorate general of hydrocarbons along with RIL to respond to the plea.

DK Sarraf takes charge as ONGC chairman

March 02, 2014 2:37 am

At ONGC, Sarraf functioned as director-finance, before taking charge at OVL in 2011.

ONGC to to explore shale gas in Cambay

January 02, 2014 2:05 am

ONGC estimates India’s shale gas reserve in the range of 500 to 2,000 trillion cubic meters.

India's ONGC shuts down South Sudan oilfields,evacuates employees

December 23, 2013 5:22 pm

India today evacuated all its oil employees from strife-torn South Sudan and shut down oilfields.

HC asks ONGC to pay royalty dues worth R6,000 cr to Gujarat

December 02, 2013 3:41 am

According to the Oil Field Act,ONGC is required to pay 20 per cent royalty of the market value of crude oil it extracts from oil blocks to the state government.

Subsidy burden becoming backbreaking,says ONGC

November 22, 2013 3:25 pm

ONGC's subsidy during first half of the current fiscal had been to the tune of Rs 23,400 crore.