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Oil and Natural Gas Corporation Ltd

About Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation Ltd is an Indian Oil and Refining company.


  • In October 09, Business media reported that ONGC is in talks with Iran's stateowned Petropars Ltd to buy a stake in South Pars. South Pars is Iran's largest natural gas field. The idea is to offset declining production at its ageing domestic wells.

Oil and Natural Gas Corporation Ltd in News

Schlumberger Announces First-Quarter 2015 Results
Business Wire IndiaSchlumberger Limited (NYSE:SLB) today reported results for the first-quarter 2015.

Schlumberger Announces Second-Quarter 2014 Results
Schlumberger Limited (NYSE:SLB) has reported second-quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013. Second-quarter revenue was up 7% sequentially and increased 8% year-on-year with International Area revenue of $8

Schlumberger Announces First-Quarter 2014 Results
Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013.

Schlumberger Announces Fourth-Quarter and Full-Year 2013 Results
Schlumberger Limited (NYSE:SLB) today reported full-year 2013 revenue from continuing operations of $45.27 billion versus $41.73 billion in 2012.

Intergraph(R) CAESAR II(R) Helps L&T Valdel Succeed on Large Project Offshore Mumbai, India
Intergraph has published a new case study that describes how CAESAR II helped L&T Valdel succeed on a turnkey engineering and design project for India's largest offshore process and living quarters, located at the Mumbai High North development. The project for Oil and Natural Gas Corporation Ltd

Anadarko Announces $2.64 Billion All-Cash Transaction for Portion of Offshore Mozambique Block
Anadarko Petroleum Corporation (NYSE: APC) today announced it has entered into a definitive agreement with ONGC Videsh Ltd. (OVL), a wholly owned subsidiary of Oil and Natural Gas Corporation Limited, to sell a 10-percent interest in Mozambique's Offshore Area 1 (Area 1) for $2.64 billion in cash. Anadarko will remain the operator of Area 1 with a working interest of 26.5 percent.

ONGC hopes for early help from government over crude oil cess hike
Chairman and Managing Director of Oil and Natural Gas Corporation (ONGC) Sudhir Vasudeva is hoping for an early bail out by the Central Government in the wake of a hike in cess on the domestic production of crude oil.

India to sell five percent equity stake in ONGC
Petroleum and Natural Gas Minister S. Jaipal Reddy has said that the Indian Government has approved in principle, the sale of a five percent equity stake in the state-run Oil and Natural Gas Corporation (ONGC) through a share auction.

ONGC chief says Government should intervene to promote India, Iran crude oil trade
Oil and Natural Gas Corporation (ONGC) chief Sudhir Vasudeva on Thursday said the trade ties between India and Iran depends upon the political solutions to be found by the governments of the two countries.

Moily stresses need for corporate culture attuned to good governance
Union Corporate Affairs Minister M. Veerappa Moily has stressed the need to encourage a corporate culture attuned to the universally accepted values of good governance - accountability, transparency, responsibility and responsiveness to stake holders.

ONGC's performance has been exemplary: Sudhir Vasudeva
The chairman and managing director of Oil and Natural Gas Corporation Limited (ONGC), Sudhir Vasudeva, on Thursday expressed confidence that the Indian state-owned oil and gas company will achieve more in the future because of its exemplary performance.

TERI in Collaboration with ONGC Organised ‘One Lakh Paper Bags Campaign’ under the ‘Soldiers of the Earth’ Project
TERI (The Energy and Resources Institute) in association with ONGC (Oil and Natural Gas Corporation) organised the One Lakh Paper Bags Campaign under the TERI-ONGC Soldiers of the Earth project to sensitise the youth about environmental issues. The campaign was held at the Ambedkar Auditorium, ONGC Nazira, Assam, on 29 February 2012

ONGC exploring fields for uranium mining in Tripura
The Oil and Natural Gas Corporation (ONGC) is all charged up to take up the new challenge of uranium mining in Tripura.

ONGC seeks help of US experts to cork a leaking gas well in Tripura
The Oil and Natural Gas Corporation Ltd (ONGC) has sought help of US experts to cork leaking gas well in Agartala's Tripura city.

New Contracts Awarded for Polyolefin Projects in India
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB Pvt Ltd (TICB) of India have been awarded two EPC Contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for PE and PP in Dahej, Gujarat State, India

India may consider Vedanta deal next week: Reddy
India may consider approval for the sale of a stake of British oil explorer Cairn Energy's India unit to Vedanta Resources next week, Union Petroleum Minister S. Jaipal Reddy on Friday.

India considering Cairn India-Vedanta merger proposal in a positive frame of mind
Union Petroleum and Natural Gas Ministry on Sunday said that it is considering the proposal of merger of Cairn India and London-listed Vedanta in a positive frame of mind.

Cameron directly lobbies with Indian PM to further Brit companies' interest
British Prime Minister David Cameron has personally intervened on behalf of two British companies facing problems in India, Cairn Energy and Vodafone, by raising their concerns with his Indian counterpart Dr. Manmohan Singh. he letter to Dr. Singh from Cameron has been described as 'friendly, not finger wagging,' by officials who are anxious to develop British trade relationship with India.

EGoM to examine rationalization of diesel price, says Petroleum Secretary
Union Petroleum Secretary S. Sudarshan on Thursday said the decision with regard to the consideration of revision, rationalization of price of diesel will be examined by the Empowered Group of Ministers (EGoM).

Russian Foreign Minister to visit India
Russian Foreign Minister Sergei Lavrov will be here today on a day-long visit to discuss details of President Dmitry Medvedev's visit to the country in December.

Medvedev Visit: Yet another step in strengthening Indo-Russian ties
India and Russia are keen to expand areas of cooperation, and, the forthcoming visit of Russian President Dmitry Medvedev to New Delhi on December 21 and 22, will further boost efforts in this regard, said a Indian Government official.

Largest-Ever OSEA Draws Record Participation from Global Oil and Gas Companies
OSEA2010, the biggest oil and gas event in the Asia Pacific region will feature 1,362 exhibitors from 47 countries and regions when it opens its doors from 30 November - 3 December 2010. The trade show will occupy a record 25,000 square metres of exhibition space at Suntec Singapore. It is 15 per cent bigger than the previous edition in 2008 and the largest in the event's 34-year history

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