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Output boost: ONGC told to sell oilfields, hive off services

April 26, 2021 1:48 am

The action plan, reviewed by PTI, calls on ONGC to consider sale of stake in maturing fields such as Panna-Mukta and Ratna and R-Series in western offshore and onshore fields like Gandhar in Gujarat to private firms while divesting/privatising ‘non-performing’ marginal fields.

ONGC abduction case: ULFA-I role confirmed, 14 held, says police

April 23, 2021 7:27 pm

As per initial intelligence inputs, the abduction was done for ransom

Project delays force ONGC to cut FY21 capital expenditure

April 23, 2021 1:19 am

Finance Minister Nirmala Sitharaman had, last October, asked large state-owned corporations including those in the oil and gas sector to boost capex to stimulate the economy.

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ONGC gas sale from KG basin: Key to boost domestic output

April 15, 2021 4:23 am

ONGC is set to supply about 2 MMSCMD of natural gas from the fields from June-end

Boosting KG Basin output: ONGC invites buyers for gas from KG-DWN 98/2 block

April 14, 2021 1:09 pm

ONGC has invited offers for the sale of natural gas from the block for three to five-year terms with the gas to be delivered at Odalarevu onshore terminal in Andhra Pradesh.

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Delhi HC sets aside single judge order asking Govt to extend oil contract with Vednata till 2030

March 26, 2021 12:27 pm

The central government had claimed that the PSC with Vedanta will fall under the new policy for such contracts. The contention was opposed by the company.

IOC, ONGC, AAI do not employ sufficient local workforce: Govt

March 17, 2021 3:57 am

In response to a question asked by Congress MLA Shailesh Parmar, the state government said that it has attracted the attention of the erring firms towards the government’s notification dated March 31, 1995, in this regard.

ONGC's share in India's oil, gas production jumps to 70% from 53% 10 yrs back

March 14, 2021 12:13 pm

While Oil and Natural Gas Corporation (ONGC) maintained production levels, output by other operators has dropped, leading to an overall fall in India's output and a sharp rise in import dependency.

Shiv Sena targets Centre, Bollywood actors over rising fuel prices

February 22, 2021 8:36 pm

Shiv Sena said that PM Narendra Modi, as Gujarat CM, had called the Congress “lootaru” and had said that Congress should quit the government if it was not able to reduce fuel prices.

Cash reserves sliding, ONGC trims exploration and development works

February 15, 2021 4:21 am

Expenditure on development wells or wells drilled in fields that already have proven reserves of oil and gas has been comparatively stable, but has seen a decline.