Govt okays filling up of OVL MD post on deputation

The ACC, on February 12, approved the “filling up of the post of OVL managing director on deputation basis in exemption from the ‘rule of immediate absorption’ through the search-cum-selection committee mode”.

GoM identifies 97 ONGC, OIL fields for auctioning to private firms

The GoM pact follows a meeting taken by Prime Minister Narendra Modi on October 12 where it was suggested that smaller fields be handed over to private firms allowing NOCs to concentrate on big ones.


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

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.

ONGC, OIL asked to auction fields, but without refund of past spends

But the process got stalled after ONGC countered the DGH proposal for auctioning these fields to private firms saying it should also be allowed to participate in the auction with the same concessions as was being offered to private bidders.

ONGC recruitment 2019: Walk-in interview tomorrow for medical officers, minimum salary Rs 41,000 per month

ONGC recruitment 2019: Candidates can walk-in to Kolkata MBA-basin office before 9:30 am with their documents. Part-time and full-time jobs on offer.

Private sector oil and natural gas explorer ‘Vedanta’ to start exploration in Tripura

The entry of a private player in the state, which was previously estimated to have huge natural gas reserves, is likely to disrupt the existing gas-based business scenario. However, ONGC Tripura Asset officials declined to comment on the issue.


ONGC to buy back shares for Rs 4,022 crore

In total, the state-run explorer will spend Rs 4,022 crore to undertake the buyback exercise, it said in a stock market filing.

Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up

State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) haven't been able to develop the discoveries or bring them to production as the current gas price of USD 3.36 per million British thermal unit (MMBtu) is way lower than the cost of production.

Government mulls selling 149 fields of ONGC to private firms

On the anvil is some kind of extension of the Discovered Small Field (DSF) bid round where discovered and producing fields of Oil and Natural Gas Corp (ONGC) are auctioned to firms offering the maximum share of output to the government, sources said.

Tripura to start dialogue to acquire 26 per cent equity share of Palatana power project

A negotiation team comprising of officials from departments of industries and commerce, finance and power department would be formed to start negotiation for acquiring the equity shares.