News

Total consolidated income of the company decreased by 1.52% at Rs 168507.77 crore for Q3FY25

The Sagar Samrat conversion project is one of the most complex projects executed by ONGC

The VLECs shall be shipping imported ethane to ONGC Petro Additions for captive use as feedstock

The state mining department has initiated the process to provide a license to the company for digging in these two districts

ONGC is the fourth best ranked among the Indian companies

Natural gas output is projected to rise from 20.6 billion cubic meters in 2022-23 to 23.5 bcm in the current fiscal

The company has been allotted 120,00,00,000 equity shares of Rs 10 each by ONGC Green by way of subscription on right basis

The Board of the company at its meeting held on March 05, 2024 has accorded approval for the same

It will invest Rs 1 lakh crore by 2030 on energy transition projects as it targets net zero carbon emissions by 2038

The ONGC Pavilion showcased a number of cutting-edge features to engage the global audience visiting the three-day international conference and exhibition

ONGC has been inviting international technology partners to help reduce its methane emissions in India by 2030

The MoU is aimed at developing CCUS/CCS as an emissions mitigation tool for combating climate change

The Maharatna held a parley of discussions with major operators in the India Energy Week in Bengaluru

This was signed on February 7, 2024 during India Energy Week held at Goa

ONGC has sought bids from users for sale of 0.05 million standard cubic metres per day of gas from the North Karanpura coal-bed methane block for three years

With commencement of this First Oil from ‘M – field’ on January 7, 2024, ONGC is completing Phase 2

This collaborative agreement between ONGC and ISOR aligns with the formation of a Task Force during the India-Nordic Summit

Upon implementation, OPaL would become a subsidiary of ONGC

M/s BP Exploration (Alpha), a wholly-owned step-down subsidiary of BP Plc, UK has been selected as TSP

Seven Northeastern states are receiving power from the OTPC’s Palatana plant

After this acquisition, equity stake of the company shall increase from 26 percent to 49 percent in MSEZ

OVL applied and has been given the same shareholding as it had previously

This GIFT city entity will function as the Global Treasury Centre to cater to the treasury activities of OVL and its 25 subsidiaries spread across 15 countries

bp will work in close collaboration with ONGC to stabilize the field’s current production decline and restore it to a robust growth trajectory

This collaboration marks a significant step in aligning with India’s renewable energy goals and advancing the adoption of clean energy solutions

The company was the first organization in India that adopted the Integrity Pact by Transparency International in 2005

Total consolidated income of the company decreased by 9.66% at Rs 166,367.12 crore for Q1FY24

These wells will be converted to development wells

Total consolidated income of the company decreased by 0.83% at Rs 169628.12 crore for Q3FY24

An investment of Rs 2,000 crore will be made in the state for developing the project

Consolidated total income of the company increased by 8.23% at Rs 1,62,492.52 crore for Q2FY25

The company also signed 2 contracts for Fields under Special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh

Oil production from Cluster-2 should have begun by November 2021, but was delayed because of the pandemic

Total consolidated income of the company increased by 3.38% at Rs 3,209.07 crore for Q2FY24

Total consolidated income of the company decreased by 12.63% at Rs 149,388.45 crore for Q2FY24

The collaboration will highlight the industrial and interdisciplinary research efforts that are undertaken at the DCEPE

If granted, this will be the eighth extension for OVL

Total income of the company increased by 15.68% to Rs 171041.32 crore for Q3FY23

It has a large database management system housing crucial information about structural and other design related data

Total consolidated income of the company increased by 38.52% at Rs 170984.28 crore for Q2FY23

This partnership underscores the commitment of both companies to drive sustainable energy growth

The firm made the discoveries in the block MN-DWHP-2018/1, which it had won in the third round of auction under the open acreage licensing policy in 2019

The agreement aims to explore prospects in utilizing downstream business in ONGC and IOCL

The company is also looking to build separate oil-to-chemical projects

Agreement is for exploration of oil and gas in the deepsea on the country’s east and west coasts

The company has adopted various de-carbonization levers resulting in significant emission reductions over years

As part of the agreement, ONGC will be putting in money, BP will provide expertise

Sakhalin-1 is OVL’s cash cow and without the project, the company will be a loss-making entity

Upon completion of transaction, the company’s equity stake would increase from 49.996% to 49.999%, in PMHBL

ONGPL will be engaged in the business of exploring and setting up RE projects

India first imposed windfall profit tax on July 1, joining a growing number of nations that tax super normal profits of energy companies

The agreement is to assess exploration potential in India

This is the eighth extension for OVL

The Board of Directors of the Company at its meeting held on February 20, 2024, has considered and accorded in-principle approval for the same

It sought bids on a formula indexed to the prevailing Brent crude oil price

The total consolidated income of the company decreased marginally by 0.98% at Rs 173788.62 crore for Q4FY25

The company has achieved a significant cost reduction of around $43,000 per day by connecting the platform with subsea pipeline

The NAG resources of ACG are believed to be significant, with up to 4 trillion cubic feet (tcf) in place

The company has three main assets off the west coast - Mumbai High, Heera and Neelam, and Bassein and Satellite

During the meeting, the Board has also accorded its in-principle approval for the formation of a Joint Venture Company with NTPC Green Energy

The first online trade was made on May 23, 2022

The reserve price at the current ruling Brent oil price of $101 per barrel comes to more than $15 per mmBtu

OGL shall utilise the Rights Equity Share capital proceeds for investments in acquisition of 100% Equity stake of PTC Energy

The company has over the years diversified into the petrochemicals and power business besides growing its core business of finding hydrocarbons

The discoveries have been made in blocks awarded under the Open Acreage Licensing Policy (OALP) regime

Originally brought onstream in 1997, the PY-3 Field had been shut since July 2011

This is 150 per cent of its exploration expenditure of Rs 20,670 crore in the last three fiscals during FY 2019-22

Total income of the company increased by 5.09% at Rs 166728.80 crore for Q4FY23

The Ministry of Corporate Affairs, Government of India has issued Certificate of Incorporation of ‘ONGC Green’ on February 27, 2024

Further, ONGPL has completed acquisition of 100% equity stake in Ayana Renewable Power

The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains

The agreement has been signed by the two entities for the sale and purchase of crude oil

OVL has secured extension of the exploration phase upto June 15, 2023

The company will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewable energy capacity, green ammonia plant, and offshore wind energy projects

The company is planning to scale up electricity generation from renewable sources from 189 MW to 1 GW by 2030

The acquisition has been completed on November 29, 2024