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ONGC scripts sharp turnaround of subsidiaries, OPaL reports first profit

ONGC Petro additions Ltd (OPaL) is the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its naphtha stream from Hazira and Uran and C2+ components from imported LNG. ....

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Former Oil Secretary Tarun Kapoor, oil executives in race for PNGRB top job - Jammu Kashmir Latest News | Tourism

NEW DELHI, Dec 16: Former oil secretary Tarun Kapoor, present and former chairmen of ONGC and a former director of IOC, are among over a dozen people who have applied for the top job at the oil and gas regulator, PNGRB, sources said. Kapoor, who superannuated as Secretary to the Ministry of Petroleum and Natural Gas last month, is the most prominent name in the list of 13 persons who have applied to become the Chairman of Petroleum and Natural […] ....

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Ministry proposal to give Mumbai High field to pvt sector "systematic weakening" of ONGC:E A S Sarma - Jammu Kashmir Latest News | Tourism

New Delhi, Nov 25: The Oil Ministry’s proposal to strip ONGC of its main oil and gas producing fields of Mumbai High and Bassein in the western offshore is a “systematic weakening” of the state-owned firm, well-regarded former bureaucrat E A S Sarma has written to the Prime Minister. In the letter to Prime Minister Narendra Modi, the former secretary to the government of India, said instead of “weakening” ONGC, the government should adopt a conscious strategy to strengthen its […] ....

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Domestic gas price to be raised by 60% from Oct: ONGC's Subhash Kumar

Domestic gas price to be raised by 60% from Oct: ONGC's Subhash Kumar
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ONGC says want foreign partners in new fields

ONGC says want foreign partners in new fields
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Last Updated: Apr 28, 2021, 06:37 PM IST
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Synopsis
ONGC is also looking into strategic relationships and close alliances with key international players through (overseas arm) ONGC Videsh, the company said in a statement. Intention is to invite foreign participation to explore Category-II and Category-III basins which match size and scale of expectations and portfolio of these large players.
Agencies
The ONGC board approved Energy Strategy 2040 in April 2019 that outlines strategic growth initiatives across the energy value-chain.
India s flagship oil and gas producer ONGC on Wednesday said it is seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure. ....

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