ONGC has significantly reduced gas flow at its Rudrasagar well in Assam following a blowout on June 12. With support from US experts, containment efforts are progressing, as pressure drops and safety measures like water blanketing and evacuations continue
The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu)
The discoveries, which have been named 'Suryamani' and 'Vajramani', have been struck in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the ONGC said
Consequent upon the Division Bench judgment, the Ministry of Petroleum and Natural Gas has raised a demand of USD 2.81 billion on the PSC contractors namely Reliance Industries Ltd, BP Exploration (Alpha) Ltd and NIKO (NECO) Ltd
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a USD 3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get USD 1.5 billion (Rs 11,500 crore) more in revenue, a report […]
Natural gas production in 2019-20 was 85 mmscmd, which is estimated to have fallen to 80 mmscmd in the following year, HDFC Securities said in a report.
Oil and Natural Gas Corporation had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore
ONGC intends to start natural gas sale from its KG-DWN-98/2 block, which sits next to Reliance Industries Ltd (RIL)-BP Plc operated KG-D6 fields, from June-end.
ONGC is likely to inch up marginally to $1.82 next week while the same for difficult fields like one operated by Reliance-BP may fall below $4, sources said.
