Page 5 - Ongc

ONGC well in Assam capped after 16 days of gas leakage: Hardeep Puri

Union Minister Hardeep Singh Puri on Friday said ONGC has successfully capped the blowout of its crude oil well in Assam's Sivasagar district after 16 days of gas leakage from there. He said the capping was done without any injury, casualty or fire. "ONGC has successfully capped the blowout of well RDS#147A at 1115 hours hrs today. This blowout started on 12th June and has been capped successfully within shortest possible time following all the best practices," Puri said in a post on X. He said the crisis management team of Oil and Natural Gas Corporation (ONGC) along with the international well control experts "finally brought the curtains down on the gas well blowout through meticulous planning and concerted efforts in a safe manner, without any injury, casualty or fire, testifying the competency of crisis management". The minister for Petroleum and Natural Gas also thanked Assam Chief Minister Himanta Biswa Sarma and state government officials for their support to the team on th

US experts join ONGC effort to contain Rudrasagar gas leak in Assam

An expert US team has begun assessment at ONGC's Rudrasagar gas field where a gas leak continues for the eighth day as evacuation and control efforts intensify in Assam

ONGC to permanently cap leaking oil well in Assam's Sivasagar: CM Sarma

Assam Chief Minister Himanta Biswa Sarma on Friday said Oil and Natural Gas Corporation (ONGC) will begin permanently capping the crude oil well in Sivasagar district that has been leaking gas for the past nine days. Speaking at a press conference, Sarma said ONGC had already implemented two emergency measures without success. "There are usually four emergency methods that ONGC and Oil India Limited (OIL) apply to check such leakages. ONGC has already implemented Plan A and Plan B without any success," he said. The energy major will now apply Plan C, which will cap the entire well permanently, and for this, US experts will reach Sivasagar by this evening, he said. 'Capping of the well will begin tomorrow and will be carried out in consultation with the US experts. It is expected to be completed within the next four or five days', he added. After exploring multiple approaches with great effort and precision, ONGC is now advancing with a more practical and safer strategy to cap the

Petroleum product export earnings fell 13.4% to $3.3 bn in May: PPAC

Lower global crude prices reduced May petroleum export earnings to $3.3 billion even as outbound and import volumes rose and crude processing remained steady

Stocks to Watch today, June 18: Hindustan Zinc, BSE, PNB, M&M, Ola Electric

Stocks to Watch today, June 18: Hindustan Zinc, M&M, EMS, GMR Airports, L&T, and Alembic Pharma are among the stocks that will remain in focus today

ONGC set to foray into imported liquefied natural gas business by Q4FY26

Eyes Henry Hub and West Asia for spot deals, plans to cater to city gas sector

ONGC chief urges timely arbitration as Meghwal backs institutional model

Union Law Minister Arjun Ram Meghwal on Saturday pitched for institutional arbitration, saying it was part of Indian culture after the ONGC chairman urged making arbitration proceedings timely and not "timeless". The government has been pushing for institutional arbitration instead of ad hoc arbitration asserting it is efficient and more result oriented. The industry on the other hand feels arbitration in India is slow, inefficient and plagued with red tape. Singapore, London and Dubai have emerged as hubs of international arbitration to settle high stakes, high value commercial disputes. Addressing a conference on institutional arbitration here, the minister also said that organisations should be ready to be flexible and rigid, depending on the need of the hour, to ensure that its interests remain protected and it contributes towards nation building. Meghwal felt that officers should be willing to take risk and not follow the beaten track to ensure financial interests of their ..

ONGC battles uncontrolled gas leak at Assam well, probe underway

State-owned Oil and Natural Gas Corporation (ONGC) mounted efforts to contain an uncontrollable release of natural gas from a well in Assam, saying a crisis management team is laying out equipment to bring the well under control. "Efforts are underway to control the continuous gush of gas from the RDS#147A near Bhotiapar in the Rudrasagar field, located in the Sivasagar District," the company said in a statement. On June 13, around 11:45 AM, during servicing operations at Well No. RDS-147, gushes of gas were observed from the well. There was, however, no fire or injuries. Upon detection, ONGC immediately activated standard safety protocols. The site was promptly secured, and an emergency response team led by the Asset Manager reached the location without delay. ONGC had previously said it was confident that the situation would be brought back to normal "very soon". A detailed investigation has been initiated to ascertain the root cause of the incident. "Crisis Management Team of

How to trade HPCL, BPCL, ONGC as Crude Oil boils to 5-month high at $77/bbl

Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.

OMCs, paint, tyre stocks fall; upstream oil mixed as oil price rises 13%

BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent

Gas blowout at ONGC well in Assam's Sivasagar, emergency steps underway

A blowout took place on Thursday at a crude well of energy major Oil and Natural Gas Corporation (ONGC) in Assam's Sivasagar district, and it is spewing gas uncontrollably at present, officials said. No injury has been reported so far and the well has not caught fire yet. The incident occurred at the well no. RDS 147 of rig no SKP 135 in Rudrasagar oil field of ONGC. A private firm SK Petro Services was operating the well on behalf of the state-run Maharatna company. According to a senior official, who is present at the site, told PTI that there is no danger currently and the company hopes to bring the well under control soon. "There is an uncontrolled flow of gas. We are trying to control the well. All senior officials are at the site. We are actively mobilising all resources required for controlling the well and we hope to do it as soon as possible. Work is underway," he added. Another official said that there has been no injury at the site, and the well has not caught fire yet.

Crude oil price drop likely to result in earnings downgrade for ONGC

Crude oil production was flat quarter-on-quarter (Q-o-Q) and year-on-year (Y-o-Y), while gas production was flat Q-o-Q but declined 6 per cent Y-o-Y

ONGC makes promising oil, gas discoveries in Mumbai offshore basin

State-owned Oil and Natural Gas Corporation (ONGC) has made promising offshore oil and gas discoveries in the Mumbai Offshore basin that could help augment production in the near future. The discoveries have been made in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the state-owned firm said in its fourth-quarter earnings statement. The discoveries, which have been named Suryamani and Vajramani, were made in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin. Exploratory well MBS202HAA-1 on Block MB-OSHP-2020/2 flowed 2,235 barrels per day of oil and 45,181 million cubic metres a day of gas during testing done in the January-March quarter. "This is the first discovery in Basal Clastics in OALP Block MB-OSHP-2020/2. The success in well MBS202HAA-1 was notified as New Prospect Discovery and rechristened as 'Suryamani'," ONGC said. Subsequently, during the current quarter, a second zone was tested on the same wel

ONGC Q4 results: Net profit falls 35% to ₹6,448 cr on lower oil, gas prices

State-owned Oil and Natural Gas Corporation (ONGC) reported a 35 per cent drop in its March quarter net profit as it realised lower oil prices on almost static output. Net profit stood at Rs 6,448 crore in January-March - the fourth quarter of FY25 (April 2024 to March 2025 ) - compared to Rs 9,869 crore in the same period last year, according to a company statement. The firm got USD 73.72 per barrel of crude oil that it produced and sold to refiners for processing into petrol and diesel in the fourth quarter, down from USD 80.81 per barrel a year back. Revenue was up 1 per cent at Rs 34,982 crore. ONGC produced 4.7 million tonnes of crude oil in the quarter, marginally lower than 4.714 million tonnes in January-March 2024. Production of natural gas, which is used to generate electricity, make fertiliser and turned into CNG as well as used for cooking in kitchens, was lower at 4.893 Billion Cubic Metres (BCM) in Q4 as opposed to 4.951 BCM. For the full fiscal (FY25), ONGC's net p

ONGC shares slip 2% on posting mixed Q4 nos; PAT down 22% QoQ, Rev up 4%

ONGC share price declined 2 per cent after company posted mixed Q4FY25 numbers

Q4 results today: IndiGo, IndusInd Bank, ONGC on May 21; see full list

Q4 FY25 company results today: Colgate Palmolive, Power Finance Corp, RVNL will be among more than 120 companies to post earnings reports for the January-March quarter on May 21

RIL moves SC against HC ruling in $1.5 bn gas dispute with Centre

RIL contests Delhi HC order that set aside a 2018 arbitration award in its favour over allegations of siphoning ONGC gas from the KG Basin block

Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC has successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea, the firms said on Monday. Once a field stops producing oil and gas, the facilities that were erected to bring out hydrocarbons from below ground or under seabed, have to be safely removed - a process called decommissioning. The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture. In 2017, the joint venture started preparing to decommission the Tapti field, where Shell owned 30 per cent interest, Oil and Natural Gas Corporation (ONGC) .

Saudi Aramco likely to pick 20% each in new BPCL, ONGC refineries

India, which ranks as the world's third-largest oil consumer, aims to establish itself as a global refining centre as Western corporations reduce their crude processing capabilities

BSE oil and gas index up 3%; check what put all these stocks on fire today

The BSE Oil & Gas index touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. HPCL, BPCL, IOC were among the top gainers in trade on April 29, data shows