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 […]
Oil and Natural Gas Corporation (ONGC) has reported significant damage to its major production installations and drilling rigs located offshore Mumbai in the Arabian Sea due to Cyclone Tauktae. The Indian state-owned oil and gas company said that wind speed increased to approximately 150-180kmph with six to eight meters high waves. According to ONGC, the […]
India’s state-owned Oil and Natural Gas Corporation (ONGC) has announced the first-ever geothermal field development project in India at Ladakh for producing power from the Puga and Chumathang geothermal fields. In this connection, the oil and gas major, through its subsidiary ONGC Energy Centre (OEC), has signed a Memorandum of Understanding (MoU) with the Union […]
India’s state-owned Oil and Natural Gas Corporation (ONGC) said that it has distributed 86 solar chulhas (solar photovoltaic cook-stoves) to poor households in Betul district, Madhya Pradesh. India’s Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan inaugurated a solar PV cooker stove project in Bacha village of the Betul district. The project has […]
Dutch geo-data specialist Fugro has bagged a three-year inspection, repair, and maintenance (IRM) contract from Seamec to support the latter’s asset management project for India’s state-owned Oil and Natural Gas Corporation (ONGC) off the west coast of India. Under the contract, Fugro will provide its remotely operated vehicle (ROV) services for Seamec starting from mid-June, […]
India’s Oil and Natural Gas Corporation (ONGC) has drawn its first gas from the KG-DWN-98/2 project, which has been developed with an investment of $5 billion in the offshore Krishna Godavari basin in India. The KG-DWN-98/2 block contains the deepwater Cluster 2 field located off the shore of the Godavari delta on the east coast […]
OALP round 4 results : State-owned Oil and Natural Gas Corporation (ONGC) has bagged exploration and production rights for all the seven onshore oil and gas blocks on offer at the Open Acreage Licensing Policy (OALP IV) held by the Indian Ministry of Petroleum and Natural Gas (MoPNG). The onshore oil and gas blocks are […]
Oil and gas industry news : Three Indian state-controlled oil firms ONGC, Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower Zakum oil field for a price of AED2.2bn ($600m). ONGC and Bharat Petroleum are represented by their international arms […]