Oil And Natural Gas Corp

Coronavirus Outbreak: ONGC gas output drops by one-tenth as shut factories refuse supplies

With the unprecedented nationwide lockdown shutting down factories, ONGC has been forced to cut natural gas production by up to one-tenth as customers refused to take supplies because of business disruption

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells

After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis

Company in strong financial position, has funds to meet capex needs: ONGC

State-owned ONGC on Tuesday said it continues to have strong financial position and sufficient funds to meet current and future CapEx needs, as it sought to allay concerns over its finances after successive acquisitions and government demands drained out its surplus

ONGC says government has not asked it to reconsider listing of overseas arm OVL

ONGC Chairman and Managing Director Shashi Shanker said the company has communicated its views on the listing of OVL to the government.

Govt forms six-member panel to look at selling 149 oil and gas fields of ONGC and OIL to private companies

The committee is a follow up of the 12 October meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas

ONGC gas production at all-time high of 70 mmscmd as company raises domestic output to curb imports

ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd

Sudan wants ONGC Videsh to withdraw arbitration proceedings over oil payment dues

ONGC Videsh, the foreign acquisition unit of Oil and Natural Gas Corp’s (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court

India's oil import bill to jump by $26 billion as depreciating rupee renders imported crude costlier

India, which imports over 80 percent of its oil needs, spent $87.7 billion (Rs 5.65 lakh crore) on importing 220.43 million tonne (MT) of crude oil in 2017-18

Government notifies incentives to state-owned oil firms in pre-NELP blocks; new rule applies to 11 fields

The Centre has notified a new policy requiring state-owned ONGC and OIL to pay royalty and cess only to the extent of their equity holding in certain pre-1999 oil and gas fields.