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In a strategic move to boost offshore energy exploration and operational efficiency, Oil and Natural Gas Corporation Ltd (ONGC) and Reliance Industries Ltd have signed an agreement to share resources such as supply vessels used in finding and producing oil and gas. The two firms signed an MoU for resource-sharing collaboration on the sidelines of India Energy Week (IEW), ONGC Director (Production) Pankaj Kumar said. The pact aims to enhance operational efficiency, enable faster execution of offshore projects, and create stronger synergies between India's largest oil and gas producer and the nation's biggest and most valuable company who have adjacent fields and operations particularly off the east coast, he said. It seeks to explore opportunities to jointly utilise resources, infrastructure, and technical capabilities across offshore energy activities so as to reduce duplication of efforts, optimise capital deployment, and support timely development of offshore assets, which are ...
State-owned Mangalore Refinery and Petrochemicals Limited (MRPL) on Wednesday reported a strong turnaround in its financial performance for the third quarter and the first nine months of FY 2025-26, driven by higher revenues, improved margins and a sharp reduction in borrowings. The Board of Directors of MRPL, a subsidiary of Oil and Natural Gas Corporation (ONGC) and a Schedule A' Mini Ratna Category-I company, approved the standalone and consolidated financial results at its 272nd meeting held on January 14, 2026. For the third quarter ended December 31, 2025, MRPL's revenue from operations rose to Rs 29,720 crore, compared to Rs 25,601 crore in the corresponding period last year. Profit before tax jumped nearly five-fold to Rs 2,214 crore, while profit after tax increased to Rs 1,445 crore, from Rs 304 crore in Q3 of FY25. The company's EBITDA for the quarter stood at Rs 2,824 crore, reflecting improved operational efficiency. During the nine-month period, MRPL recorded revenue
The fire triggered by a major gas blowout at an ONGC-owned well in Dr BR Ambedkar Konaseema district was extinguished on Saturday morning. Konaseema District Joint Collector T Nisanthi said the blowout has been fully controlled. The fire is extinguished. Almost no flames now. Blowout (was) fully controlled this (Saturday) morning only, she told PTI. Further, she said operations pertaining to capping of the gas well, Mori-5, and some mudding, a technical process, are underway now. A massive fireball reaching up to a height of 20 metres and a width of 25 metres erupted on January 5 near Mori and Irusumanda villages, following a gas leak at Oil and Natural Gas Corporation (ONGC)-owned well Mori-5. The gas well located in the lush green and amply irrigated Konaseema district was being operated by ONGC's Production Enhancement Contractor (PEC) Deep Industries Ltd, an Ahmedabad-based listed company. Following the disaster, ONGC senior management took direct operational control. The ON
Maharatna public sector oil and gas major ONGC on Wednesday said there is a "remote likelihood" of escalation of its unextinguished gas well blaze triggered by a blowout here in Dr BR Ambedkar Konaseema district. A massive fireball reaching up to a height of 20 metres and a width of 25 metres erupted on January 5 near Mori and Irusumanda villages, following a gas leak at an Oil and Natural Gas Corporation (ONGC) owned Well Mori- 5, whose intensity has been reduced now. A blowout is the uncontrolled release of crude oil or natural gas from an oil well or a gas well, following the failure of pressure control systems. The fire at Mori-5 well has forced the evacuation of hundreds of residents. Officials said the intensity of the blaze has been reduced now. However, ONGC highlighted that significant progress has been achieved in the blowout operations. "In view of the steady progress achieved and the remote likelihood of escalation, the district administration has advised residents in
The ONGC expert teams are arriving from Mumbai and Delhi to douse the gas well blaze here in Dr BR Ambedkar Konaseema district, an official said on Tuesday. The intensity of the fire got reduced compared to Monday, they added. A massive jet fire of up to 20 metres height and 25 metres width was ignited around 12:40 pm on January 5 near Mori and Irusumanda villages after a gas leak at an Oil and Natural Gas Corporation (ONGC)-owned well, Mori-5. However, the gas well is not operated by the Maharatna company but by its Production Enhancement Contractor (PEC) Deep Industries Ltd, an Ahmedabad-based company. "They (firefighters) have created a water umbrella to make the temperature cool down, but the flames are still coming, so the expert teams will arrive and they will assess the situation, and accordingly they will take all measures to douse the flames," Konaseema joint collector T Nisanthi told PTI. She said the expert teams are coming from Mumbai and Delhi. By sprinkling water, al
Oil and Natural Gas Corporation (ONGC) plans to store captured carbon dioxide in depleted wells at Gujarat's Gandhar oilfield, marking the company's first full-scale Carbon Capture and Storage (CCS) pilot and a major step in its decarbonisation strategy. The pilot will use two abandoned onshore wells to inject around 100 tonnes of CO2 per day into subsurface hydrocarbon reservoirs, officials said. CO2 will be captured from nearby industrial sources in the Dahej area as well as ONGC's own Hazira plant, transported to the Gandhar wells and injected underground to prevent it from entering the atmosphere. The project also aims to test using CO2 to enhance oil recovery, turning a potentially harmful greenhouse gas into a productive resource, they said. ONGC had previously sourced CO2 from Indian Oil Corporation's Koyali refinery, roughly 80 km away, for injections into the well. CO2 in the earth's atmosphere contributes significantly to global warming as a greenhouse gas. India is the 3