The petroleum ministry's proposal to give away ONGC's biggest oil and gas fields to foreign companies has met with strong resistance from the officers union of the company.
The state-run firm has grouped 43 oil and gas fields with total in-place reserves of 160 million metric tonnes of oil equivalent (mmtoe) into 11 contract areas for which bids have been invited, ONGC said in a statement. These contract areas, all on land and part of the so-called nomination regime, are spread across Gujarat, Assam, Tamil Nadu and Andhra Pradesh.
The state-run explorer has clustered the fields, with total in-place reserves of 160 million metric tonnes of oil equivalent (mmtoe), into 11 contract areas for which it has issued a notice inviting offer (NIO), ONGC said in a statement
ONGC acquires 5% stake in Indian Gas Exchange
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Last Updated: Mar 10, 2021, 08:21 PM IST
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IGX is India s first automated national-level gas exchange for trading in natural gas in the country.
ONGC signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX).
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NEW DELHI: State-owned Oil and Natural Gas Corp (
ONGC) on Wednesday said it has acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining likes of Adani Total Gas, Torrent Gas and GAIL in nation s first gas exchange. The Indian Gas Exchange is a subsidiary of the
ONGC to form a subsidiary for gas business
ONGC plans to begin natural gas production from the deepwater block KG-DWN-98/2 in about two to three months. ReutersPremium
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State-owned Oil and Natural Gas Corp (ONGC) today said that it will form subsidiary for its gas business.
In a regulatory filing ONGC stated, Board has approved creation of new wholly owned subsidiary company for focusing on Gas & LNG business value chain subject to necessary approvals.
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. 07 Apr 2021 The Company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, Hydrogen enriched CNG(HCNG), gas to power business, bioenergy/bio-gas/bio methane/other bio fuels business, etc, it further added.