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Recent Articles

ONGC Stops Work at NS Platform in Mumbai High North Following Gas Leakage
Monday, July 21, 2014 ONGC stops operations at the NS platform in Mumbai High North field off India's west coast following a gas leakage.
Sources: Murphy Oil's Malaysia Assets Draw Interest From Mitsubishi, ONGC
Friday, July 18, 2014 Mitsubishi submits a non-binding bid to buy Murphy Oil's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter tells Reuters.
India Govt Considers Selling $3B Stake In ONGC
Tuesday, July 15, 2014 Indian PM Narendra Modi's government will decide next month on the sale of a stake in ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.
ONGC Videsh Raises $2.2B to Refinance its Rovuma Area 1 Acquisitions
Wednesday, July 09, 2014 ONGC Videsh raises $2.2 billion in international capital markets, with the funds intended for use to refinance its acquisitions of 16 percent interest in Rovuma Area 1, offshore Mozambique.
Fourteen Killed in India Gas Pipeline Blast and Fire
Friday, June 27, 2014 Fourteen people have been killed and 20 injured in a blast and fire at a gas pipeline in the southern Indian state of Andhra Pradesh, again raising safety concerns over the country's energy projects.
Indian Oil Explorer ONGC's Profit Held Back By Price Regulation
Thursday, May 29, 2014 ONGC reports a 44% rise in quarterly profit but falls short of expectations, hurt by government-imposed discounts on its crude sales to state-run refiners.
ONGC Spuds First Exploration Well in India's Palar Basin
Wednesday, May 28, 2014 ONGC spuds the first exploration well in the Palar Basin, 34 miles from Chennai, India.
India's PESB Selects N K Verma to be ONGV Videsh's New Managing Director
Friday, May 23, 2014 India's Public Enterprises Selection Board selects N K Verma as ONGC Videsh's new managing director.
Hallin Supports Subsea 7 in Offshore Installation Work in Bay of Bengal
Thursday, April 17, 2014 Hallin Marine provides installation support for Subsea 7 on a subsea field development project in the Bay of Bengal offshore India.
ONGC Appoints Anil Bhandari as Director (Exploration) of OVL
Friday, March 21, 2014 ONGC appoints Anil Bhandari as director (Exploration) of its overseas upstream unit ONGC Videsh.
Executives: ONGC, Oil India Complete $873M Stake Buy in IOC
Friday, March 14, 2014 India's ONGC and Oil India complete the purchase of a 10-percent stake in state refiner India Oil Corp for $873 million.
ONGC Makes Four Discoveries in India in 3Q of FY2014
Monday, February 17, 2014 ONGC makes four new discoveries in India during the third quarter of fiscal year 2013-2014 that ended in December.
Indian Firm Signs Contracts To Explore For Oil, Gas Off Bangladesh
Monday, February 17, 2014 ONGC Videsh signs two production sharing contracts (PSC) to explore oil and gas in Bangladeshi waters.
India's ONGC 3Q Profit Beats Estimates On Writeback, Forex Gains
Thursday, February 13, 2014 ONGC beat expectations with a 28% rise in 3Q profit buoyed by a one-time provision writeback and forex gains from a weakened rupee.
Minister: Russia Offers Stake in 10 Exploration Blocks to India's ONGC
Friday, February 07, 2014 Rosneft offers stakes in 10 exploration blocks to India's ONGC, according to the southern Asian country's junior oil minister.
ONGC Appoints Tapas Kumar Sengupta as Director (Offshore)
Tuesday, February 04, 2014 ONGC appoints Tapas Kumar Sengupta as Director (Offshore) to succeed P K Borthakur.
ONGC, Mitsui Sign MOU to Jointly Explore, Produce Hydrocarbons Globally
Monday, January 27, 2014 ONGC and Mitsui sign a memorandum of understanding for cooperation in the exploration and production of conventional and unconventional petroleum and natural gas opportunities in India and third countries.
Japan's Chubu, Mitsui in Energy Tie-ups With India Firms
Friday, January 24, 2014 Chubu Electric Power and Mitsui are set to sign memorandums of understanding with Indian firms to cooperate in the energy sector, industry sources say.
Minister: India Approves 10% IOC Stake Sale to State Oil Firms
Thursday, January 16, 2014 The Indian government approves the sale of a 10-percent stake in state refiner Indian Oil Corp to state exploration firms ONGC and Oil India.
ONGC Plans to Spend $9B to Develop Upstream Assets in India's KG Basin
Monday, January 06, 2014 ONGC plans to spend over $9 billion to develop the petroleum resources in Block KG-DWN-98/2 in the Krishna Godavari basin off India's east coast by 2017-2018, according to a local media report.