ONGC, NTPC Green tie up for RE projects

Oil and Natural Gas Corporation (ONGC) inked a memorandum of understanding (MoU) with NTPC Green Energy Limited (NGEL) to develop renewable energy projects. A statement from ONGC said that the MoU will primarily explore the feasibility and setting up of renewable energy projects in various domains. It envisages collaboration of the two mega entities in

Domestic crude production grows by 2.1% in August

Domestic crude oil production increased by 2.1 percent in August on a year-on-year basis to 2.5 million metric tonnes (MMT), as shown by data from the Oil Ministry on September 20. According to data from the Petroleum Planning & Analysis Cell (PPAC), ONGC registered a production of 1.61 MMT, while Oil India produced 0.28 MMT

ONGC plans $24.2 bn investment to meet net zero emissions

ONGC is the largest oil and gas producer in India and is now swiftly scaling up its renewable capacity and aims to invest in multiple low-carbon projects. ONGC has 189 megawatts of electricity. The company is building a 5 GW solar energy project in Rajasthan and has laid down plans to set up offshore wind

SJVN signs MoUs with ONGC, SSL to develop solar projects

State-owned SJVN Ltd has signed inked pacts with Oil & Natural Gas Corp. (ONGC) and Sambhar Salts Ltd. (SSL), a subsidiary of Hindustan Salts Ltd., for development of solar parks and projects. The joint development of the projects will be undertaken with the formation of a joint venture between SGEL, a wholly owned subsidiary of

MRPL becomes largest single location refinery in India

The Mangalore Refinery and Petrochemicals Limited (MRPL), a mini-Ratna CPSE PSU refinery based in coastal Karnataka and a subsidiary of ONGC, has become the single largest PSU-refinery (single location) in the country for the year 2022-23. MRPL achieved this feat by processing 17.14 million metric tonnes of crude oil during the past financial year. This

Crude oil imports in India slightly increased during June

The net import bill for oil and gas was $9.5 billion in June 2023 compared to $13 billion in June 2022, according to PPAC.

ONGC, Oil India placed bids for oil blocks

According to a notification by the Directorate General of Hydrocarbons (DGH), a total of 13 bids have been placed for the 10 blocks, out of which ONGC has placed nine bids and others have placed one bid each.

ONGC sells KG basin field’s gas

In an e-auction, the firm sold 1.4 million standard cubic meters per day - a fraction of the planned output from the block that sits next to Reliance Industries' prolific KG-D6 area in the Bay of Bengal, to Torrent Gas Pune Ltd, GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).

ONGC starts evacuating oil from Panna field

ONGC has achieved a significant cost reduction of approximately $43,000 per day by connecting the platform with subsea pipeline. Additionally, the submarine pipeline connection minimizes the production downtime associated with tanker changeovers and eliminates demurrage charges during adverse weather conditions

Oil and gas production in India to attain peak in 2027

The KG-Basin is a petroliferous margin basin and is spread over more than 50,000 square kilometres in the Krishna rriver and Godavari river basins in Andhra Pradesh.