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Oil and Natural Gas Corp
ONGC pushes back KG gas production target date to end 2019; oil delayed by a yr
Sun, Jul 08, 2018
When ONGC Board had on March 28, 2016, approved investing USD 5.07 billion in bringing to production a cluster of discoveries in Bay of Bengal block KG-DWN-98/2 or KG-D5, the first gas was targeted for June 2019 and first oil was to flow by March 2020.
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OVL drops plan to build LNG export facility in Iran
Sun, Feb 25, 2018
ONGC Videsh Ltd has shelved plans to build a USD 5 billion LNG export facility in Iran and has instead opted to only invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an official said. OVL, the overseas arm of state-owned Oil and Natural Gas
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Privatise ONGC, selling 18% can fetch Rs 41,000 crore
Sun, Dec 03, 2017
Selling just 18% out of the government's 68.07% shareholding in Oil and Natural Gas Corp (ONGC) will fetch over Rs 41,000 crore at current market price, many times more than the investment commitment it may get from giving away 60% in 11 identified oil and gas fields of the company, they said.
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ONGC wants higher gas price to produce KG, Kutch discoveries
Sun, Nov 26, 2017
Gas discoveries in shallow sea off Andhra Pradesh on the east, and off Gujarat on the west are economically unviable to produce at the current government-mandated price of $2.89 per million British thermal unit, a senior company official said.
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