Arun Kumar Singh appointed as chairman of ONGC for three years

This is the first time when any retired person assumes a role of head at any Maharatna PSU. 

published on : 8th December 2022

Government panel suggests gas price of USD 4 to 6.5 per unit 

It suggested the ceiling rate for this gas from legacy or old fields, called APM gas, will be increased by $0.5 per mmBtu annually.  

published on : 1st December 2022

ONGC pays Rs 5K cr dividend to govt; CPSEs pay Rs 23,797 cr

With this, the total dividend received by the government from Central Public Sector Enterprises (CPSEs) in current fiscal stands at Rs 23,797 crore.

published on : 29th November 2022

Govt gets Rs 5,001 crore dividend from ONGC: DIPAM secretary

The total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal reached Rs 23,797 crore.

published on : 28th November 2022

Kirit Parikh panel likely to recommend price cap for ONGC gas, no change in formula for Reliance 

For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), the committee is likely to recommend a floor or minimum base price and cap or ceiling rates.

published on : 27th November 2022

Retired BPCL chairman Arun Kumar Singh to be next head of ONGC 

Oil and Natural Gas Corporation (ONGC) is without a regular chairman and managing director since April 2021 and the senior most director on the board has been entrusted with the additional charge.

published on : 17th November 2022

ONGC pays Rs 6,452 crore as windfall tax in Q2 as against Rs 14 crore in Q1 FY23

The company said if this levy was not there, ONGC profits would have surpassed its record earnings of July-September 2021.

published on : 16th November 2022

ONGC net profit down 30 per cent, revenue up 54 per cent

The revenue, however, increased by 54% to Rs 38,321 crore on a standalone basis during the quarter.

published on : 15th November 2022

ONGC achieves another milestone

ONGC CMD Rajesh Kumar Srivastava, along with Director (Offshore) Pankaj Kumar, was present on the occasion

published on : 13th November 2022

Tirupati's Lord Venkateswara temple richer than Wipro, Nestle, ONGC

TTD's assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India.

published on : 6th November 2022

Shapoorji Pallonji builds floating rig for ONGC's KG wells

Shapoorji Pallonji spokesman while refusing to divulge costing details told PTI that the vessel will be reaching the domestic waters sometime before December-end.

published on : 3rd November 2022

Tax on windfall profit on crude oil, export of diesel, ATF hiked

The levy on diesel includes Rs 1.50 per litre road infrastructure cess (RIC), the notification showed.

published on : 15th October 2022

Gujarat: Gas leaks from ONGC well in Mehsana; people complain of irritation in eyes, throat

At least 40 people in three villages nearby have complained of burning sensation in eyes and throat, and the ONGC has been asked to set up gas analysers to check it.

published on : 30th September 2022

24 sellers became crorepatis during festive sale: Meesho

Customers are said to have placed 3.34 crore orders during the 5-day event, up 68% from the previous year sale. Nearly 60% of orders came from Tier 4 cities and beyond.

published on : 30th September 2022

Iran offers Indian firms 30 per cent stake in gas field 

The Indian consortium has so far invested around USD 85 million in the block. The contract provides for the Indian consortium to be paid back the expense together with a fixed rate of return.

published on : 25th September 2022

Government sets up panel to review gas pricing formula

It also has a member from private city gas operators, state gas utility GAIL, a representative of Indian Oil Corporation (IOC) and a member from the fertiliser ministry, the order said.

published on : 7th September 2022

ONGC clarifies on Cauvery shale gas operation in Tamil Nadu

The statement from Anti Methane Project Movement came at a time when there were reports of agitations against movement of ONGC equipment in Tiruvarur district.

published on : 4th September 2022

ONGC looks to cash in on energy price

As per tender document, the company sought bids for sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal. 

published on : 25th August 2022

Crude output 5.6 per cent lower than target in July

The cumulative crude oil production by ONGC during April-July was 6,606.19 TMT, 1.12% lower than the target.

published on : 24th August 2022

ONGC prepares for 3rd interim chairman in a row; 9 shortlisted for top job 

This was the second time in one-and-a-half decades that a suitable candidate was not found among those who had applied.

published on : 21st August 2022
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