Adding another feather to its cap, energy major Oil and Natural Gas Corporation Limited (ONGC) received the Federation of Indian Petroleum Industries (FIPI) Oil & Gas Exploration Company of the Year 2019 Award on 2 December 2019. The Energy Maharatna was conferred the coveted award for being the leading performer in Exploration, while complying with … Continue reading ONGC Gets FIPI Oil & Gas – Exploration Company of the Year Award 2019
Oil and Natural Gas Corporation Ltd. (ONGC) has priced its maiden offering of USD bonds in the aggregate principal amount of USD 300 million for meeting capital expenditure in accordance with the External Commercial Borrowing guidelines issued by the Reserve Bank of India and successfully achieved its objective to set a fresh benchmark for the … Continue reading ONGC raises USD300 million 10-year bonds at coupon 3.375%, lowest by any Indian Issuer
OTPC, a joint venture company of ONGC, IL&FS Energy Development Co. Ltd. and Govt. of Tripura, is setting up a 726.6 MW capacity combined cycle gas turbine based Mega Power Project in the state of Tripura with the objective of monetization of gas, which had been lying idle for want of adequate market in the … Continue reading ONGC Tripura Power Company Limited (OTPC) – Oil and Natural Gas Corporation
ONGC Petro additions Limited (OPaL), a private joint venture company was incorporated in year 2006, by Oil and Natural Gas Corporation (ONGC) and Gujarat State Petroleum Corporation (GSPC), with 26 per cent and 5 per cent stakes respectively. Later, Gas Authority of India Limited (GAIL) also acquired a 19 per cent stake in OPaL OPaL … Continue reading ONGC Petro-additions Limited (OPaL) – Oil and Natural Gas Corporation India
Mangalore SEZ, a Special Purpose Vehicle, was incorporated on 24th February, 2006 with participation of ONGC, Infrastructure Leasing & Finance Corporation (IL&FS), Karnataka Chamber of Commerce and Industries (KCCI) and Karnataka Industrial Area Development Board (KIADB). Present Equity Structure of MSEZ is ONGC- 26%, IL&FS- 50%, KIADB-23%, OMPL- 0.96% and KCCI- 0.04%. MSEZ is envisaged … Continue reading Mangalore Special Economic Zone Limited (MSEZ) – Oil and Natural Gas Corporation India
ONGC Mangalore Petrochemicals Ltd. (OMPL), a company promoted by Oil and Natural Gas Corporation Limited (ONGC) is setting up an aromatic complex along with Mangalore Refineries & Petrochemical Limited (MRPL) at Mangalore in Mangalore Special Economic Zone (MSEZ) adjacent to the existing MRPL refinery. OMPL’s equity share constitutes ONGC and MRPL holding 49% however, the … Continue reading OMPL (ONGC Mangalore Petrochemicals Limited) : Oil and Natural Gas Corporation India
Dahej SEZ, a joint venture between Gujarat Industrial Development Corporation (GIDC) and ONGC, was incorporated on 24th Sept 2004. The envisaged equity structure of DSL is ONGC-23%, GIDC-26% and rest to be tied up with Strategic investors whereas percentage of equity of ONGC and GIDC on the current paid-up equity is 49.99% each. DSL is … Continue reading Dahej SEZ Limited (DSL) : Oil and Natural Gas Corporation India
Oil and Natural Gas Corporation Limited (ONGC) and The Energy and Resources Institute (TERI) co-promoted ONGC TERI Biotech Limited (OTBL), a joint venture company in the year 2007 contributing 49.98% & 48.02%, respectively, with an aim to monetize the technologies developed, find sustainable solutions and provide ‘green’ technology services to the oil and gas sector. … Continue reading ONGC TERI Biotech : Oil and Natural Gas Corporation India
As per the policy guidelines notified by Government of India (GoI) for exploration and exploitation of shale gas and oil in India by National Oil Companies (NOCs), ONGC has identified 50 nomination PML (Petroleum Mining Lease) blocks under Phase-I. The exploratory efforts so far have led to the discovery of 65 small-to-medium sized hydrocarbon fields … Continue reading Exploration and Exploitation of Shale Gas and Oil in India by ONGC
Indian is one of the world’s biggest oil consumers. Among all industry lines, oil and natural gas (ONGC) industry has a significant impact on the growth of the country’s economy and Gross Domestic Product (GDP). It accounts for at least 15% of GDP. The industry operates in three segments: 1) upstream, 2) downstream, 3) midstream. … Continue reading Fuel Price in India – Oil and Natural Gas Corporation
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