ONGC
ONGC starts oil production from deep water KG basin block
09 Jan 2024
State-owned oil and natural gas explorer, Oil and Natural Gas Corporation (ONGC), on Monday (8 January) announced the start of production of "First Oil" from the deep-water block in Krishna Godavari (KG) basin, in the East Coast of India.
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ONGC considers oil as an option to recover $600 million from the Venezuelan dividend
03 Jan 2024
ONGC Videsh, the overseas investment arm of India’s Oil and Natural Gas Corp., is actively considering alternatives, including the allocation of oil by Venezuela’s state oil company, PdVSA, to reclaim its outstanding $600 million dividend.
Alka Mittal becomes first woman CMD of ONGC
05 Jan 2022
Mittal, who has been serving as director (HR) since 27 November 2018 and the senior-most director on the board of ONGC, will serve as CMD of the energy `Maharatna’ for a period of six months beginning 1 January 2022
ONGC board approves share buyback of around Rs4,000 cr
20 Dec 2018
ONGC has approved a share buyback of 1.97 per cent of its total paid-up equity, which may fetch the government around Rs2,640 cr considering its 65.64 per cent equity stake
HPCL refuses to recognise ONGC as promoter
10 Aug 2018
Petroleum minister Dharmendra Pradhan today clarified that ONGC with 51.11-per cent stake in the refiner is the new promoter of HPCL, after the company’s CMD Mukesh Kumar Surana refused to recognise the majority shareholder as HPCL’s promoter
RIL wins arbitration against government’s $1.7-bn gas siphoning claim
01 Aug 2018
The arbitration panel held that the RIL consortium is entitled to produce all the gas from its contract area and that there is no basis for any claim of siphoning of gas as claimed by ONGC and the government of India
SABIC plans to buy ONGC’s stake in OPaL
10 May 2018
ONGC spuds first well on $5 bn KG project
09 Apr 2018
ONGC-led group buys 10% stake in Abu Dhabi oilfield for $600 mn
12 Feb 2018
The investment by ONGC follows ADNOC signing a deal last year to store about 6 million barrels of oil at India’s Mangalore storage site, signalling increased cooperation in oil sector investments by India and the UAE
Consortium led by ONGC to get 10% stake in Abu Dhabi oil field
10 Feb 2018
A consortium led by India’s Oil and Natural Gas Corp will sign a contract today to acquire a stake in the offshore oil concession of state-owned Abu Dhabi National Oil Company
ONGC to sell stake in IOC, GAIL, but only when price is right
23 Jan 2018
The oil explorer has got government approval to sell its stake in Indian Oil Corp and GAIL to help its Rs37,000 crore acquisition of Hindustan Petroleum Corp, though the immediate funds will come from short-term borrowing
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