Page 40 - Ongc

ONGC gets cracking at Panna-Mukta field, saves Rs 1 cr in shipping costs

Sources in the know said the company will lay a small undersea pipeline soon to completely do away with the requirement of hiring ships for transporting oil to land.

ONGC gets green nod for Rs 3,500 cr onshore exploration project in Assam

The Union Environment Ministry has given green clearance to ONGC, the country's largest oil and gas exploration and production company, after taking into account the recommendations of a green panel

Amid legal battle, ONGC takes over physical control of PMT from RIL & Shell

The government had approached the Delhi High Court seeking to block RIL's stake sale plans

Top headlines: Jharkhand results, MCA moves NCLAT on Tata order, and more

The RoC on Monday moved the NCLAT requesting to amend its order and remove the word "illegal" with respect to the conversion of Tata Sons from a public company to private company

Why the Govt is trying to stop Reliance from selling assets to Aramco

The Delhi high court ordered RIL and BG Exploration and Production India Ltd, a unit of Shell India, to disclose their assets after the Centre sought to restrain the companies from disposing them

Zero-debt plan of RIL may hit legal roadblock as HC asks to disclose assets

Delhi HC order in PMT arbitration matter could delay stake sale to Aramco

JV partners transfer Panna-Mukta oil and gas fields back to ONGC

The PMT JV constituents include Oil & Natural Gas Corpn (ONGC), Reliance Industries (RIL) and BG Exploration & Production India (BGEPIL), each holding 40%, 30% and 30% participating interest respectively.

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

For Nifty, the immediate support on the lower side is pegged at 12,225; hence, till those levels are not broken, the trend is positive for the target of 12,340

Five major industrial fire accidents that shook the nation's conscience

Each of these mishaps snuffed out innocent lives, often due to negligence on the part of the authorities

ONGC lists $300 million debt issue on India International Exchange

Issue comes with a coupon rate of 3.375% and is due in 2029

BPCL privatisation: Govt has no business to be in business, says Pradhan

Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.

ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer

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

ONGC net profit falls 37% in Sep quarter on lower oil prices, production

Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres

ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows

A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports

ONGC may revise terms of production-boosting plan for 64 oil and gas fields

---Pointer table is not needed---State-run Oil and Natural Gas Corporation (ONGC) is likely to revise the terms of the much-hyped production enhancement plan for 64 oil and gas fields, after concerns raised by prospective bidders over the operating cost and other bidding criteria.According to multiple sources, at least 14 of the 23 companies that participated in the pre-bid meeting on September 17 had asked for "compensation covering the operating cost to be borne by the contractor related to the baseline production". Following this, the Directorate General of Hydrocarbons (DGH) and ONGC have decided to revise the contract terms. It was in February this year that the Union Cabinet had cleared the handing over of 66 discovered marginal oil and gas fields by ONGC and Oil India (OIL) to private players. Industry sources said the revised terms might have to be again cleared by the Cabinet. A government official, however, said, "The process does not need any Cabinet clearance, as the ...

Govt set to lift price restrictions on all locally produced natural gas

A panel led by the Niti Aayog vice chairman has also suggested free-market pricing for natural gas produced from all fields to boost domestic output

OMPL plans to raise $510 million through foreign currency term loan

India Ratings and Research (Ind-Ra) has assigned an 'AAA/stable' rating

Only 8 bids for 7 oil blocks: Tweaked licensing terms draw little interest

The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said

Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan

Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market

ONGC contract workers' claim to BPCL arbitration appeal: Key court orders

The HC allowed ONGC's petition and quashed the notification. Appealing against the order, the ONGC Labour Union defended the notification in the SC