'Largest ever' Med gas field found off Egypt: ENI

Last Updated: Sunday, August 30, 2015, 22:43

Italian energy giant ENI Sunday announced the discovery of the "largest ever" offshore natural gas field in the Mediterranean inside Egypt's territorial waters.

Iran promises licence to India for developing Farzad gas field

Last Updated: Wednesday, August 12, 2015, 23:41

Iran has promised India the licence to develop ONGC-discovered Farzad-B gas field in the Persian Gulf and has asked the state-owned firm to submit an investment plan, an executive said Wednesday.

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.

Iran acting tough on ONGC over development of gas field

Last Updated: Monday, May 11, 2015, 18:04

Indian firms have so far shied away from investing in Iran for the fear of being sanctioned by the US and Europe.

ONGC strikes 'significant' oil, gas in KG basin

Last Updated: Wednesday, April 29, 2015, 23:25

State-owned Oil and Natural Gas Corp (ONGC) Wednesday said it has made another significant oil and gas discovery in its Krishna Godavari basin deepwater block KG-D5, which sits next to Reliance Industries' flaging KG-D6 area.

ONGC to take over Tapti gas field facilities

Last Updated: Sunday, April 19, 2015, 10:35

With Tapti output declining rapidly, partners in the Panna-Mukta and Tapti fields - RIL, BG and ONGC, have decided to abandon the field.

ONGC's stake buy in Mozambique saw seller reap $1.5 bn profit

Last Updated: Sunday, April 12, 2015, 13:12

State-owned Oil and Natural Gas Corp's (ONGC) acquisition of 10 percent stake in a giant Mozambique gas field had helped the seller make a neat profit of USD 1.5 billion or over 62 percent of the purchase price.

PMT Gas fields case: Centre moves SC against arbitrator

Last Updated: Friday, April 10, 2015, 22:29

Government Friday moved the Supreme Court seeking removal of foreign arbitrator appointed by Reliance Industries Ltd (RIL) over its dispute over the Panna, Mukta and Tapti oil and gas fields.

Bells toll for Europe's largest gas field

Last Updated: Sunday, March 1, 2015, 23:36

Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding the alarm for a new threat: earthquakes linked to Europe`s largest natural gas field.

ONGC-Oil India complete acquisition of Videocon stake

Last Updated: Wednesday, January 8, 2014, 14:17

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group's 10 percent stake in a giant Mozambique gas field for USD 2.475 billion, the companies said Wednesday.

ONGC-OIL pay $2.475 bn to Videocon Group

Last Updated: Tuesday, January 7, 2014, 16:33

State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.

ONGC to begin work on urea plant in Tripura next year

Last Updated: Monday, December 23, 2013, 18:50

With the allocation of 800 acres near Khobal gasfield by Tripura government, ONGC will begin work to set up a Rs 5000 crore urea plant next year, company sources said Monday.