Oil and Natural Gas Corporation (ONGC) has awarded a three-year contract to Shelf Drilling for deploying its Ron Tappmeyer jack-up rig to execute offshore operations in India. Presently, the Ron Tappmeyer rig is under contract with ONGC with a completion date fixed in the second quarter of 2022. According to Shelf Drilling, the start-up of […]
Oil and Natural Gas Corporation (ONGC) said that it has commenced production from the U1B deep-water gas well in the KG-DWN 98/2 Block Cluster – II in the Krishna Godavari (KG) basin. Said to be the deepest well of Cluster – II, the U1B gas well is projected to register a peak production of 1.2 […]
Oil and Natural Gas Corporation (ONGC) has reported a net profit of INR 4,335 crores for the first quarter of 2021-2022 (Q1 2021-22), a massive 772.2% increase, compared to INR 497 crores in the same period of the previous fiscal year. The Indian state-owned oil and gas company had a 73% growth in its gross […]
Oil and Natural Gas Corporation (ONGC), an Indian government-owned oil and gas company, has reported gross revenue of INR 68,141 crore and net profit of INR 11,246 crore for FY21. The gross revenue in FY21 was down by 29.2% compared to FY20, while the net profit came down by 16.5% compared to FY20. ONGC said […]