Page 48 - Ongc

ONGC sees its gas output hitting 5-year high in FY18, sources say

India prices gas almost 60% below imported natural gas to bring down cost of running stranded plants

ONGC Videsh submits revised plan for Farzad B gas field in Iran

ONGC Videsh expects to produce between 1 bn and 1.6 bn cubic feet per day of gas in five years

Experts bat for tie-ups as ONGC takes over operations of K-G

Experts have called for the company to engage strategic partners to monetise the asset

ONGC seeks natural gas price review; wants floor rate fixed at $4.2

The new formula provides for revising rates every six months - on April 1 and October 1

ONGC signs pact to buy out GSPC's KG block stake for $1.2 bn

GSPC has so far made 9 gas discoveries in the Bay of Bengal block

Parliamentary panel examining ONGC gas flowing into RIL fields

11.122 bcm of ONGC gas migrated from its Godavari-PML, KG-DWN-98/2 blocks to adjoining KG-D6 of RIL

ONGC to invest Rs 21,500-cr in India's deepest gas find

This will help it more than double output from its prime KG basin block

ONGC makes new discoveries of 10 mmt oil in Assam

This is the biggest discovery for the oil behemoth in the state after a gap of three years

Centre pays Gujarat, Assam Rs 22,000 crore royalty to bail out ONGC, OIL

Central government will pay 2 state-owned firms' outstanding liabilities of Rs 14,698 crore directly

Buzz on HPC becoming part of ONGC

ONGC doesn't have enough cash for this; will need to then raise it or sell holding in IOC, GAIL

Integrated oil firm positive for ONGC

Acquisition of a strong downstream business with stable cash flows should boost overall valuations

ONGC may acquire HPCL in Rs 44,000-cr deal

Merged entity to be the third largest in India after IOC & RIL

ONGC to take control of HPCL to create larger oil sector entity: Report

India plans to create a giant oil company by combining state-owned firms

ONGC board approves acquisition of GSPC stake for $1.2 bn

ONGC to acquire 80% of GSPC's stake in KG-basin natural gas block

ONGC board okays GSPC deal

Backed by state guarantee, to get $6-6.9 bn for K-G gas; development of Ratna fields also approved

ONGC to invest Rs 7,327 cr in four projects

State-owned Oil and Natural Gas Corp (ONGC) today said it will invest Rs 7,327 crore in developing four oil and gas projects, including the Ratna field which it had got back from Essar Oil. The Board of ONGC approved an investment of Rs 4,104.63 crore in development of R-Series fields including revival of R-12 (Ratna), the company said in a statement. Ratna field was discovered in 1979 and put on production in 1983 which continued till 1994. The Government awarded the contract for development of Ratna and R-Series fields in 1996 to a consortium led by Essar Oil. However, the contract could not be signed due to various issues and in March last year the Government reverted the Ratna & R-Series fields to ONGC for development and production. Out of 37 structures in the Ratna-R Series field, which is located about 130-km offf Mumbai, 8 structures were found to be oil bearing and only one R-12 (Ratna) field was under exploitation during the period 1982 to 1994. The ...

ONGC's $2.4-bn Mozambique deal under scanner; may have overpaid $200 mn

Presently, OVL has a 16 per cent stake in Offshore Area 1

ONGC halts naphtha exports from Hazira to OPaL

OPaL operates a cracker which has a capacity of 1.1 million tonnes of ethylene a year

ONGC's Rs 78,000 crore investment seen as credit negative: Moody's

Moody's said investments will lead to upfront increase in leverage and involve long gestation period

ONGC to issue bonds for KG block development

Govt recently slapped a $1.55-billion penalty on Reliance Industries and its partners BP and Niko