Chairman and Managing Director (CMD) of ONGC, Shashi Shanker on Thursday said that the initiatives in the oil and gas sector in India need to implemented, keeping in mind Prime Minister Narendra Modi’s vision of reducing import quantity by 10 percent by 2022.
State-run Oil and Natural Gas Corporation (ONGC) will soon invite bids from oilfield service providers to enhance output from some of its ageing fields under a long-term contract whereby winners will get a predetermined fee for existing and incremental production, company executives said.
Aiming to give a major push to digital drive, the government is planning to put petrol and diesel along with its various products on e-commerce platform.
State-owned ONGC is likely to sell some of its stake in IOC to institutional investors like LIC to part-fund its over Rs 34,000 crore acquisition of refiner Hindustan Petroleum Corporation Ltd (HPCL).
L&T Hydrocarbon Engineering has secured a Rs 1,150-crore contract from ONGC pertaining to a Daman Development project.
An ONGC project for extraction of natural gas at Trishna in South Tripura would be operational by March, 2019, a top official of the company said here today.
Despite Tripura being the toughest zone for gas exploration in the world, the success ratio here is the best, a top ONGC official said.
State-owned ONGC is likely to sell some of its stake in IOC to institutional investors like LIC to part-fund its over Rs 34,000-crore acquisition of refiner Hindustan Petroleum Corporation Limited (HPCL).
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), on Monday said it hasn’t heard from Iran on the USD 11 billion ‘best offer’ it gave for developing the Farzad-B gas field.
India Inc.’s earnings are bound to be volatile for the next few quarters due to disruptions from the Goods and Services Tax and weak underlying economic activity, said IDFC Securities in its ‘India Strategy’ report.