MoU signed to explore potential petrochemicals business opportunities

The largest oil refining and gasoline marketing corporation in the country, Indian Oil Corporation (IOC), and ONGC, India’s top oil and natural gas producer, have agreed to explore potential petrochemicals business opportunities. ONGC…

ONGC to invest $2 billion in Mumbai to increase oil and gas output

ONGC, the largest oil and gas producer in India, will spend more than $2 billion drilling 103 wells, a record, on its main gas-bearing asset in the Arabian Sea as it pivots a…

Shapoorji Pallonji Oil & Gas to commence Hydrocarbon production

The Floating Production Storage and Offloading Unit (FPSO) Armada Sterling V of Shapoorji Pallonji Oil & Gas (SP O&G) has been hooked up at the KG 98/2 block, offshore Kakinada. On the second…

ONGC to invest Rs 2,150 crore on drilling 53 exploratory wells in Andhra Pradesh

Oil and Natural Gas Corporation Ltd. plans to invest Rs 2,150 crore in drilling 53 exploratory wells in Andhra Pradesh, 50 of which will be in the Godavari on-Land PML (Petroleum Mining Lease)…

ONGC signs MoU with Greenko ZeroC

The government-run ONGC said that it has signed an MoU with Greenko ZeroC (Greenko) to pursue prospects in renewable energy, green hydrogen, green ammonia, and other derivatives of green hydrogen together. Anurag Sharma,…

ONGC, OIL, GAIL bag mega projects

ONGC, OIL, and GAIL won the bulk of the eight blocks allocated for oil and gas exploration and production in the OALP seventh bid round, despite the fact that the government announced the…

ONGC to invest Rs 31,000 crore in next three years

In the next three years, ONGC plans to spend Rs 31,000 crore on exploration, with another Rs 20,000 crore pending board permission. Alka Mittal, Chairperson, ONGC Group of Companies informs, “On the capital…

ONGC to invest RS 31,000 crore in next three years

ONGC, India’s largest oil and gas producer, announced that it will invest Rs 31,000 crore over the next three years in exploring the Indian sedimentary basin for fuel reserves that might help the…

ONGC signs MoU with Equinor ASA

The state-owned Oil and Natural Gas Corporation (ONGC) said that it has inked an agreement with Equinor ASA, a Norwegian energy behemoth, for partnership in oil and gas exploration and production as well…

ONGC commissions two projects worth Rs 6,000 crore

As it doubles down on efforts to raise productivity from mature and ageing fields, the state-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects worth Rs 6,000 crore to add 7.5…

ONGC to add another basin on production

The Vindhyan Basin, is being commercialised by ONGC. This would be India’s ninth producing basin, and ONGC’s eighth. This follows the dedication of the eighth Indian Basin, the Bengal Basin, to the country…

DSF-III oil round bidding to start on 1 April

According to the DGH, bidding for 75 minor and marginal oil and gas finds, largely from ONGC, that are being offered in the DSF-III bid round will start on April 1 and end…