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ONGC

Recent Articles

Technip Wins $125M Terminal Project with ONGC in India
Wednesday, December 17, 2014 Technip wins $125 million deal to build a 212-million cubic feet per day onshore oil terminal in India.
Minister: India May Revise Oil Major ONGC's Subsidy Sharing Structure
Wednesday, December 03, 2014 India considers reworking the subsidy-sharing formula for Oil and Natural Gas Corporation in a bid to boost the state-run oil company's profits.
PTSC M&C Delivers HRD Process Platform for ONGC's Heera Field Off India
Tuesday, December 02, 2014 PTSC M&C delivers the Heera Redevelopment Process Platform for the Heera field offshore India to AFCONS in a ceremony at its fabrication yard in Vung Tau, Vietnam.
India's ONGC Posts Profit Drop, To Invest $1.7B In Domestic Offshore
Friday, November 14, 2014 India's ONGC posts a 10% fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.
ONGC Appoints P K Rao as ONGC Videsh's Operations Director
Thursday, November 06, 2014 ONGC appoints Pasala Krishna Rao as operations director of its upstream subsidiary ONGC Videsh.
India's ONGC on the Hunt for Overseas Producing Assets
Monday, October 27, 2014 India's Oil and Natural Gas Corporation wants to take advantage of falling oil prices to more than double its overseas output to 400,000 barrels per day by 2018.
Aban Offshore Clinches $182.7M Deals to Supply 2 Jackups to ONGC
Monday, October 13, 2014 Aban Offshore clinches $182.66 million contracts to supply two jackups to ONGC for drilling operation offshore India.
Petrobras Finds Gas at Poco Verde 1 Well in Brazil's Sergie-Alagoas Basin
Thursday, September 25, 2014 Petrobras makes gas discovery at Poco Verde 1 well in concession BM-SEAL-4 in the Sergie-Alagoas Basin offshore Aracaju, Brazil.
LTHE Secures $222M EPIC Deal for ONGC's Mumbai High North Phase III Project
Wednesday, September 10, 2014 Larsen & Toubro's unit secures a $222.42 million contract for five wellhead platforms for ONGC's Phase III Redevelopment of the Mumbai High North field offshore India's west coast.
ONGC Videsh, YPF Sign MOU to Cooperate in Hydrocarbon Sector
Thursday, September 04, 2014 ONGC Videsh and YPF sign a memorandum of understanding to cooperate in the hydrocarbon sector globally.
ONGC to Invest $863M on Daman Development Project in Arabian Sea
Monday, September 01, 2014 Oil and Natural Gas Corporation will invest $863.2 million on the Daman Development project to boost gas and condensate production at Tapti Daman block in the Arabian Sea.
India's ONGC 1Q Profit Hurt By Write-Offs, Subsidy Payment
Wednesday, August 13, 2014 ONGC posted a 19% jump in 1Q profit, but fell short of expectations, hurt by higher exploration related write-offs and an increased subsidy payment.
India's DGH Refuses to Approve 3 ONGC's Gas Finds in Bay of Bengal
Monday, August 04, 2014 India's Directorate General of Hydrocarbons refuses approval of ONGC's three gas finds in KG-D5 block in the Bay of Bengal, India.
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.