The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.
Oil and Natural Gas Corporation declared that it would hire a consultant for its plan to enter city gas distribution, keeping in view the high potential of growth. The company also declared it would be looking for a collaboration for the venture. For full story, click here
A day after a major blow out at a well of the Oil and Natural Gas Corp. near Bhayali village here, operations to arrest the gas leakage continued on Saturday even as the crisis management team reached the site to take stock of the situation. For full story, click here
A day after a major blow out at a well of the Oil and Natural Gas Corp. near Bhayali village here, operations to arrest the gas leakage continued on Saturday even as the crisis management team reached the site to take stock of the situation. For full story, click here
The Oil and Natural Gas Corporation has found a gas field having estimated 1.5 lakh cubic metres of natural gas at Kalaban in Tripura, ONGC sources said today. For full story, click here
The state-run Oil and Natural Gas Corp. Ltd will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns. For full story, click here
Government-owned Oil & Natural Gas Corporation, has struck oil and gas in three basins. The country’s leading oil producer has found oil in the Cambay basin, Vadodara district and gas in the Krishna-Godavari basin. For full story, click here
Oil and Natural Gas, India’s biggest explorer, slipped in Mumbai after Chairman R.S. Sharma declared the company may have had $630 million of losss selling natural gas at below cost last fiscal year. For full story, click here
Oil and Natural Gas Corp is expecting government will reimburse it for royalties it would have to pay beyond its 30 percent stake in an exploration block in the western state of Rajasthan. For full story, click here
ONGC declared that it may invest $1.01 billion in Cairn India’s Rajasthan oilfields even though the project offers negative returns as the public sector firm is liable to pay all the statutory levies. For full story, click here
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