Ongc | The Asian Age

Friday, Apr 26, 2024 | Last Update : 09:15 PM IST

ongc Page-7

ONGC reviewed the project with Oil Minister Dharmendra Pradhan last week and set out conditions that will help monetise the gas reserves.

ONGC seeks market freedom to open India's 8th sedimentary basin

India has 26 sedimentary basins, of which only seven have commercial production of oil and gas.

30 Jul 2017 11:19 AM

ONGC had in December last year agreed to buy entire 80 per cent interest of GSPC along with operatorship rights.

ONGC wins govt nod for Rs 7,738 cr GSPC stake buy

Company will also pay part consideration of Rs 1,295 crore to GSPC towards acquisition rights.

28 Jul 2017 2:40 PM

Finance Minister Arun Jaitley. (Photo: AP)

Jaitley to head panel on HPCL stake sale to ONGC

This will give ONGC an enhanced capacity to bear higher risks, take higher investment decisions.

24 Jul 2017 3:13 PM

CCEA approves govt stake sale of HPCL to ONGC: Pradhan

This will give ONGC an enhanced capacity to bear higher risks, take higher investment.

24 Jul 2017 12:48 PM

The merger is even more significant in this highly competitive business as it could prevent cartelisation by private sector players in case it should happen in the future.

Merging to gain muscle

It is not impossible considering that the Narendra Modi government invariable always does what it says.

23 Jul 2017 12:06 AM

Shares of the company gained 1.74 per cent to close at Rs 165.85.

ONGC up 2 pc on Cabinet nod to govt's stake sale in HPCL

Cabinet approved sale of the government's stake in oil refiner HPCL to India's largest oil producer ONGC.

20 Jul 2017 6:47 PM

Sensex took control of the key 32,000-mark and Nifty got above 9,900 on Thursday.

Sensex surges to hit 32,000 mark, ONGC top gainer

Other Asian markets ruled high following fresh record closing in US market on strong earnings and higher oil prices.

20 Jul 2017 10:26 AM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

Centre gets Cabinet’s nod for HPCL stake sale

ONGC to acquire stake in a potential Rs 28,000-crore deal.

20 Jul 2017 2:20 AM

Government's stake in HPCL to India's largest oil producer ONGC for Rs 30,000 crore. (Representational Image)

Cabinet allows ONGC to buy out govt stake in refiner HPCL

HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.

19 Jul 2017 7:54 PM

Centre seeks $3 billion from RIL, Shell, ONGC

Reliance says demand notice is premature as the matter is still under sub-judice in English courts.

19 Jul 2017 4:19 AM

Reliance Industries chairman Mukesh Ambani.

Govt asks RIL, Shell, ONGC to pay $3 billion

This comes after govt earlier won 'partial' arbitration award over cost recovery in PMT oil and gas fields.

18 Jul 2017 4:38 PM

ONGC to avoid slippages in domestic output derailing target of cutting import reliance by 10 per cent by 2022. (Representational Image)

Oil Ministry intensifies monitoring of ONGC fields

Current recovery factors of ONGC and Oil India for crude oil are as low as 27 per cent and 23 per cent.

16 Jul 2017 11:24 AM

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM

ONGC is the largest producer of oil and gas in the country, contributing 72.4 per cent of the crude oil and 48.5 per cent of the natural gas production.

ONGC gets green nod for exploratory drilling in KG basin

About 5-6 acres of land to drill each well will be required and the duration of drilling will be 90-120 days per well.

27 Jun 2017 2:12 PM

Gas output is slated to peak at 16.56 million standard cubic metres per day by 2021-end.

ONGC turns to GSPC's undersea infra for KG gas output

ONGC has finalised a USD 5.07 billion plan for developing the Cluster-II finds by 2019-20.

26 Jun 2017 11:05 AM

Mukesh Ambani blinks, drops gas price challenge against govt

Withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas.

23 Jun 2017 1:37 PM

Shashi Shanker to head ONGC as CMD from Oct 1

Shashi Shanker, who is currently Director (Technical and Field Services), ONGC, was selected by PESB to head ONGC.

20 Jun 2017 9:21 AM

ONGC's Bassein gas field to touch record 37 mmscmd mark in 2018

Official sources said gas production has regained the 30 mmscmd mark and will climb to 34 mmscmd in few weeks.

18 Jun 2017 5:03 PM

Maruti zooms past Infosys, ONGC in m-cap

With this the company stood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and ONGC.

09 Jun 2017 6:45 PM

Prices have halved to USD 2.48 per million British thermal unit since the formula was implemented.

Natural gas production no longer profitable business: ONGC

India's largest natural gas producer is demanding a floor or minimum price of natural gas be fixed at USD 4.2 per mmBtu.

27 May 2017 2:45 PM

7 of 8

Columns

Sunil Gatade