PM launches OVL oil block project in Kazakhstan

Last Updated: Tuesday, July 7, 2015, 21:03

Prime Minister Narendra Modi today launched maiden drilling by ONGC Videsh Ltd in the Satpayev oil block of Kazakhstan where the Indian firm is investing USD 400 million.

ONGC to cut gas production by 40%

Last Updated: Friday, July 3, 2015, 17:18

The company plans to carry out repair work on the 42-inch pipeline that carries natural gas from the Bassein field to Hazira, from July 7 to 27.

Stable stocks to give divestment programme a big lift

Last Updated: Sunday, June 28, 2015, 13:06

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

L&T bags offshore contract worth Rs 2,715 cr from ONGC

Last Updated: Wednesday, June 24, 2015, 11:48

The contract was won against international competitive bidding for the Oil & Natural Gas Corporation (ONGC) project at Bassein field near Mumbai coast in western offshore basin of India.

Six discoveries by Cairn in last 1 yr in Rajasthan Block

Last Updated: Tuesday, June 23, 2015, 17:54

The 3,111 square kilometer Rajasthan block RJ-ON-90/1 consists of three contiguous development areas Development Area (DA) 1 which comprises the Mangala, Aishwariya, Raageshwari and Saraswati (MARS) fields; DA 2 consisting of the Bhagyam, NI, NE and Shakti fields; and DA 3, having the Kaameshwari West fields.

ONGC Videsh gets parent backing for spending allowance hike

Last Updated: Friday, June 19, 2015, 00:01

State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.

ONGC Videsh to invest $400 mn in Kazakhstan

Last Updated: Wednesday, June 17, 2015, 19:43

ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.

ONGC Videsh seeks financial autonomy to invest $1 billion

Last Updated: Wednesday, June 17, 2015, 16:51

ONGC Videsh Ltd has sought greater financial autonomy to decide on investments of up to USD 1 billion (about Rs 6,400 crore) without government nod to speed up acquisition of overseas oil and gas fields.

ONGC introduces HF technology in Tripura

Last Updated: Sunday, June 14, 2015, 16:17

ONGC Asset undertook hydro-fracturing job in Khubal in North Tripura district to assess actual reserves of the field and in Baramura in West Tripura district to enhance production from tight sands.

Finance Ministry returns Oil Ministry's gas price premium proposal

Last Updated: Tuesday, June 9, 2015, 12:22

Finance Ministry has returned an Oil Ministry proposal to allow market price for part of the natural gas produced by firms like ONGC and Reliance Industries from difficult fields.

ONGC to invest Rs 41,678 crore on new fields

Last Updated: Sunday, June 7, 2015, 13:34

The company, which produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15, is boosting investment to reverse the declining trend in output at bulk of its old and ageing fields.