The overseas arm of the exploration and production company, ONGC Videsh holds 16% interest in the project through its subsidiaries | Photo Credit: Reuters State-owned explorer ONGC Wednesday announced the formal end of the force majeure of the Area 1 LNG project in Mozambique. It informed that the consortium of the 13.12 million metric tonnes […]
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The company expects scaling up at the base would help augur more than ₹1,000 crore in savings. File. | Photo Credit: Reuters Oil and Natural Gas Company (ONGC) is seeking to reduce 15% costs organisation-wide via varied optimisation measures, Director for Production Pankaj Kumar told reporters in New Delhi. Mr. Kumar enumerated primary areas of focus […]
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According to ONGC, it had already paid ₹42 lakh for the quantity it had produced itself and sought exemption of the approx. ₹18 lakh, for the quantity produced by the contractor, as per relevant provisions back then. File. | Photo Credit: Reuters State-owned explorer Oil and Natural Gas Company (ONGC) informed Tuesday that the Vijayawada […]
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Representational file image. | Photo Credit: Reuters Oil and Natural Gas Corporation Limited (ONGC) is set to invest ₹8,110 crore for onshore development and production of oil and gas from 172 wells in eight PML (petroleum mining lease) blocks in Andhra Pradesh. A committee under the Ministry of Environment, Forest and Climate Change has recommended […]
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Oil and Natural Gas Corp hopes to acquire 2.5-3 gigawatt renewable energy projects by 2030, Executive Director Satyan Kumar said on Wednesday (September 24, 2025). The company already has about 2.5 GW of renewable energy capacity, Mr. Kumar told reporters. ONGC is looking to import 3 million ton per year of liquefied natural gas under […]
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The association will help ONGC explore and reduce greenhouse emissions in the development of deep-water blocks. File | Photo Credit: The Hindu India’s top explorer Oil and Natural Gas Corp has signed a memorandum of understanding with French major TotalEnergies for exploration of deep-water blocks, the company tweeted on March 6. India, the world’s third-biggest […]
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The export levy on diesel and ATF is the lowest since the tax was introduced in July last year. Photo used for representational purpose only. File | Photo Credit: AP The government slashed windfall profit tax on export of diesel to its lowest of ₹0.50 per litre and nil on jet fuel (ATF) while the […]
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The U.N. General Assembly votes in favour of a resolution upholding Ukraine’s territorial integrity and calling for a cessation of hostilities after Russia’s invasion, Thursday, Feb. 23, 2023, at United Nations headquarters. | Photo Credit: AP India abstains in U.N. vote underscoring need for just, lasting peace in Ukraine India abstained in the U.N. General Assembly on February 23 […]
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Representational photo | Photo Credit: AMIT DAVE The government has received about ₹5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (central public sector enterprises) so far this fiscal to ₹23,797 crore. “The government has received about ₹5,001 crore from ONGC as dividend tranche,” the Department of Investment and […]
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Sakhalin-1 is OVL’s cash cow and without the project, the company will be a loss-making entity, a source said Sakhalin-1 is OVL’s cash cow and without the project, the company will be a loss-making entity, a source said ONGC Videsh Ltd., the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), is making a […]
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