The government will now examine the report and decide on how and to what extend should ONGC be compensated for its gas being produced by RIL.
Government headhunters Public Enterprise Selection Board selected Srinivasan after interviewing 11 candidates at its office in New Delhi on Tuesday.
Dispute resolution provisions in the production sharing contract remained unimplemented, while the regulator faltered, points out Jyoti Mukul.
These 7 blocks are adding exploration acreage of 18,510 square kilometres spread over three sedimentary basins of India and have a resource potential of approximately 33 billion barrels of oil and oil equivalent gas.
A comparative analysis of the two companies' rankings on three parameters reveals why ONGC slipped in ranking
Oil and Natural Gas Corporation (ONGC) on Monday said it has received 10,722 emission reduction certificates from the United Nations for a waste heat recovery project at its Mumbai High fields.
According to experts, major stocks are in the process of correcting to their support levels ahead of the Union Budget.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has emerged as the Indian company having the most international exposure for the second consecutive year, says a survey.
India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine.
A company official said work stopped temporarily only at two rigs and the remaining 34 in the offshore were operational. He added there was no impact on the company's production.
Business opportunity after phased diesel deregulation the main trigger.
Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered
Perhaps the most sensible thing Goldman Sachs did in an otherwise poorly-researched report on ONGC was to talk of 'corporate governance issues with cash withdrawals by promoter,' says Sunil Jain.
Oil and Natural Gas Corporation has taken control of Imperial Energy after 96.8 per cent shareholders accept its takeover offer.
The company has chalked out a detailed plan for development of its existing KG basin assets after integration with GSPC facilities.
Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.
ONGC currently supplies gas directly in isolated pockets of India, mainly in Gujarat and Assam, which contributes around Rs 100 crore (Rs 1 billion) to ONGC's total marketing revenues. In May 1992, gas pipelines and marketing functions related to natural gas were transferred by ONGC to GAIL. However, there are certain isolated pockets where ONGC continues to be the marketing agency.
Oil and Natural Gas Corporation (ONGC), the country's leading public sector company, is planning an initial public offer of ONGC Petro-additions Limited (OPaL), the special purpose vehicle formed for the Rs 13,500 crore (Rs 135 billion) petrochemical complex at Dahej in Gujarat.
Reliance concealed and did not reveal the data to ONGC.
Jose Ramirez Barreto came to Mohun Bagan's rescue as he found the winner in extra-time to edge past a fighting ONGC 2-1 in the Federation Cup.
ONGCt has made another significant oil and gas discovery in its Krishna Godavari basin.
Oil and Natural Gas Corporation has become the first Indian firm by formally entering into a memorandum of understanding with Transparency International India to institutionalise transparency in its public procurement practices.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
5% stake sale in ONGC will fetch Rs 11,477 crore to the exchequer, while 10% divestment in Coal India will likely garner Rs 15,740 crore.
State-owned explorer's foreign arm wants to invest in exploration & production in the country, which has world's fourth-largest reserves.
Oil and Natural Gas Corporation, India's largest profit making firm, on Thursday signed a memorandum of understanding with Royal Dutch Shell
Earlier, the government had said it was looking at divestment in Indian Oil Corporation, Steel Authority of India Ltd and ONGC in the first quarter of 2011.
Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, ONGC.
ONGC's rein at the top position proved to be short-lived as it had on Thursday last week surpassed TCS to become the most value company.
Injury time goal by substitute Peter Carvalho helped defending champions Dempo to come from behind and hold ONGC to a 1-1 draw in the 18th round of the I-League played at Duler stadium, Mapusa, on Sunday.
At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore (Rs 2,890.47 billion).
Oil and Natural Gas Corporation had in 2007 farmed out 15 per cent stake in the KG-DWN-98/2 block, which sits next to Reliance Industries' KG-D6 block, to Brazil's state-controlled oil firm Petroleo Brasileiro SA or Petrobras.
Statoil of Norway has declined Oil and Natural Gas Corporation's offer of equity in five deep sea oil and gas exploration blocks.
CAG's report on Hydrocarbon Exploration Efforts of ONGC, which was tabled in Parliament today, expressed concern at the company's lack of adequate efforts and results in new fields and wanted the Oil Ministry to reset annual targets set out in memorandum of understanding that the firm signs with the government.
The Supreme Court on Monday issued notices on a public interest suit challenging the role of the central government and state-owned Oil and Natural Gas Corporation in the deal between Cairn India and Vedanta Resources.
The Public Enterprises Selection Board, which is the government head-hunter, interviewed seven candidates for the post, which fell vacant after Dinesh K Sarraf was elevated as Chairman and Managing Director of ONGC.
ONGC on Friday said it hopes to begin marketing of LPG and Kerosene soon.
