Energy Maharatna has crafted a robust roadmap to scale up its low-carbon energy portfolio significantly . In line with the Hon’ble PM’s vision on renewables, which was spelt out in his Independence Day speech on 15 August 2023, ONGC has aligned itself with India’s ambitious goals and is wholeheartedly contributing to the nation’s aim to […]
ONGC sells KG gas to Torrent, GAIL at $11 per mmBtu – EQ Mag
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) has sold initial gas it is producing from its KG basin fields in the Bay of Bengal to three firms, including Torrent Gas, sources said. In an e-auction, the firm sold 1.4 million standard cubic meters per day – a fraction of the planned output from […]
ONGC signs pact with IndianOil for petrochemicals – EQ Mag
India’s top oil and natural gas producer ONGC has signed a pact with the nation’s largest oil refining and fuel marketing company IOC for exploring opportunities in the petrochemicals business Oil and Natural Gas Corporation (ONGC) and IOC “signed a memorandum of understanding (MoU) to explore downstream opportunities, especially in petrochemicals, both greenfield projects and […]
ONGC to invest Rs 1 lakh crore to expand renewable energy capacity – EQ Mag
India’s ONGC plans to invest Rs 1 lakh crore to scale up its renewable energy capacity to 10 gigawatts (GW) by 2030. ONGC had renewable energy capacity of 189 megawatts in 2022-23. ONGC’s ambitious plan is in line with India’s target to reduce carbon dioxide emissions to net zero by 2070. “The country’s energy demand […]
ONGC puts a date to start of KG gas, seeks $12 price – EQ Mag
A small amount of gas will also flow with the oil that comes out of the reservoir lying several hundred metres below the seabed India’s top oil and gas producer ONGC has finally put a date for the much-awaited start of production from its KG basin gas field as it sought USD 12 price for […]
ONGC net profit slides 53% to Rs 5,701 crore in Q4 on provisions for tax dispute – EQ Mag
The company reported a rise in its consolidated total income in Q4FY23 to Rs 166,728.80 crore, against Rs 158,660.49 crore in the year-ago quarter. State-run Oil and Natural Gas Corporation (ONGC) has reported a 53 percent decline in its consolidated net profit to Rs 5,701 crore for the fourth quarter of FY23 from Rs 12,061.44 […]
ONGC, Oil India in talks for 50% stake in $3.4 bn Kenya oilfield, Chinese firm enters fray – EQ Mag
OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal India’s flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant Indian Oil (IOC) for the potential […]
ONGC arm raises $500m in foreign currency loan – EQ Mag
ONGC Videsh, the overseas arm of the Oil and Natural Gas Corporation, has raised a foreign currency loan of $500 million from a consortium of banks comprising DBS, Bank of Baroda and State Bank of India, according to people familiar with the matter. The syndicated loan, denominated in dollars and with a tenure of five […]
ONGC plans to invest Rs 1 lakh crore by 2030 to boost capacity – EQ Mag
The state-owned Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 1 Lakh crore by 2030 to expand the petrochemical manufacturing capacity, as per the reports of Economic Times. It will include new facilities to produce chemicals directly from crude. In the plan of government to make India as major petrochemical hub in […]
Petition in respect of the schedule for operation of 726.6 MW (2×363.3 MW) Palatana Project of ONGC Tripura Power Company Limited – EQ Mag
Petition in respect of the schedule for operation of 726.6 MW (2×363.3 MW) Palatana Project of ONGC Tripura Power Company Limited. For more information please see below link:
