ONGC

Recent Articles

Sources: India ONGC Strikes 'Good' Offshore Oil, Gas Find
Wednesday, September 20, 2017 ONGC's latest discovery is estimated to hold in-place reserves of about 20 million tonnes.
India To Acquire Seismic Data Of 48,000 Line kms To Boost Oil, Gas Output
Tuesday, September 12, 2017 India aims to acquire seismic data of 48,243 line kilometers in 5 years as the world's third biggest oil consumer seeks to boost its output by offering more areas for exploration, the government says.
Biggest Indian Explorer Is Said to Plan First Ever Borrowings
Thursday, August 10, 2017 Oil and Natural Gas Corp. plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.
India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Thursday, July 20, 2017 Hindustan Petroleum sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.
India Approves Creation of State Oil Giant in $4.6 Billion Deal
Wednesday, July 19, 2017 India approves the sale of a $4.6B stake in refiner Hindustan Petroleum Corp. to the country's biggest oil and gas explorer, according to a person with knowledge.
India Wants $300 Billion in Oil Spending to Meet Growing Demand
Wednesday, July 12, 2017 India needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households, Oil Minister Dharmendra Pradhan said.
ONGC Said to See Spending Plans Curtailed by Potential Merger
Thursday, March 02, 2017 India's plan to push its top oil producer to fund a takeover of a state refining company may threaten some near-term investments.
India's Top Oil Explorer To Invest $1.1B To Boost Output
Thursday, February 23, 2017 Oil and Natural Gas Corp., India's top oil and gas explorer, will invest 73.37 billion rupees ($1.10 billion) in five fields.
India Top Oil Explorer Takes Profit Hit From Royalty Payments
Tuesday, February 21, 2017 India's Oil and Natural Gas Corp will take a $239 million hit to its quarterly earnings to account for previous royalty payments to Indian states.
India ONGC's Overseas Arm Should Not Be Merged With Parent
Thursday, February 09, 2017 The overseas arm of India's ONGC should not be merged with its parent company, ONGC's chairman says.
What Will it Take for Operators to Invest in India?
Tuesday, November 01, 2016 Turlough Cooling, Head of Subsurface at io oil & gas consulting, takes a look at the opportunities and barriers of exploration in India.
Undaunted by Gas Price Cut, ONGC Firm on $4.5 Billion CAPEX
Thursday, October 06, 2016 India's largest oil and gas producer will continue with its record investment plan despite a cut in domestic gas prices, which were reduced for the fourth consecutive time last week.
India ONGC To Invest $5.1B In 4 Years In East Coast Oil Gas Asset
Friday, September 30, 2016 India's Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said in a tweet on Friday.
ONGC Videsh Inks Deal with Rosneft to Up Stake in Russia's Vankorneft
Thursday, September 15, 2016 India's ONGC Videsh inks agreement with Rosneft to acquire an additional 11 percent stake in Vankorneft, the operator of the Vankor field and North Vankor license in Russia.
India's TERI, Australia's UNSW to Boost Gas Yields at ONGC-Operated Wells
Tuesday, August 23, 2016 India's TERI and Australia's University of New South Wales (UNSW) form a partnership to boost gas yields from coal seam gas well operated by ONGC in the country.
GE Oil & Gas Secures Wellhead Services Contract with ONGC
Tuesday, August 23, 2016 GE Oil & Gas secures a multi-million dollar frame agreement with Oil and Natural Gas Corporation Limited (ONGC), India's largest exploration and production company.
India's ONGC Launches $15M Fund to Nurture New Ideas for O&G Industry
Tuesday, August 16, 2016 India's ONGC launches a $15 million 'ONGC Start-up Fund' to encourage new ideas for the oil and gas industry.
Court Orders Payment Freeze on Swiber's Bank Guarantee for Indian Projects
Wednesday, August 10, 2016 An Indian court grants an interim order to freeze payment on bank guarantees posted by Singapore's financially troubled Swiber Holdings for its projects offshore India.
India Seeking Merger Model For Possible State Oil Champion
Tuesday, August 02, 2016 India is open to discussing a merger of some of its state-run oil producers and refiners to create a larger, stronger national firm, according to the country's oil minister.
Expro Wins $17M Well Testing Contract from India's ONGC
Tuesday, July 26, 2016 Expro wins a $17 million well testing contract from Oil and Natural Gas Corp. Ltd. (ONGC) for work on its upstream assets in India.