India’s ONGC plans to invest Rs 1 lakh crore to scale up its renewable energy capacity to 10 gigawatts (GW) by 2030. ONGC had renewable energy capacity of 189 megawatts in 2022-23. ONGC’s ambitious plan is in line with India’s target to reduce carbon dioxide emissions to net zero by 2070. “The country’s energy demand […]
ONGC puts a date to start of KG gas, seeks $12 price – EQ Mag
A small amount of gas will also flow with the oil that comes out of the reservoir lying several hundred metres below the seabed India’s top oil and gas producer ONGC has finally put a date for the much-awaited start of production from its KG basin gas field as it sought USD 12 price for […]
ONGC net profit slides 53% to Rs 5,701 crore in Q4 on provisions for tax dispute – EQ Mag
The company reported a rise in its consolidated total income in Q4FY23 to Rs 166,728.80 crore, against Rs 158,660.49 crore in the year-ago quarter. State-run Oil and Natural Gas Corporation (ONGC) has reported a 53 percent decline in its consolidated net profit to Rs 5,701 crore for the fourth quarter of FY23 from Rs 12,061.44 […]
ONGC, Oil India in talks for 50% stake in $3.4 bn Kenya oilfield, Chinese firm enters fray – EQ Mag
OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal India’s flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant Indian Oil (IOC) for the potential […]
ONGC arm raises $500m in foreign currency loan – EQ Mag
ONGC Videsh, the overseas arm of the Oil and Natural Gas Corporation, has raised a foreign currency loan of $500 million from a consortium of banks comprising DBS, Bank of Baroda and State Bank of India, according to people familiar with the matter. The syndicated loan, denominated in dollars and with a tenure of five […]
ONGC plans to invest Rs 1 lakh crore by 2030 to boost capacity – EQ Mag
The state-owned Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 1 Lakh crore by 2030 to expand the petrochemical manufacturing capacity, as per the reports of Economic Times. It will include new facilities to produce chemicals directly from crude. In the plan of government to make India as major petrochemical hub in […]
Petition in respect of the schedule for operation of 726.6 MW (2×363.3 MW) Palatana Project of ONGC Tripura Power Company Limited – EQ Mag
Petition in respect of the schedule for operation of 726.6 MW (2×363.3 MW) Palatana Project of ONGC Tripura Power Company Limited. For more information please see below link:
ONGC Seeks 5,000 Acres Land In Rajasthan To Set Up 1 Gigawatt Solar Power Plant: Report – EQ Mag Pro
In a bid to secure a foothold in the clean energy space, the Oil and Natural Gas Corp (ONGC) is planning to set up a 1 gigawatt (GW) solar power plant in Rajasthan. The Oil and gas PSU is in discussions with the Rajasthan government and is seeking 5,000 acres land to set up the […]
ONGC, Greenko Zero to produce green hydrogen, renewable energy – EQ Mag Pro
As per the understanding, the duo will join forces to contribute towards the country’s ambitious target of producing 5 million tonnes of green hydrogen annually by 2030. State-owned energy major Oil and Natural Gas Corporation (ONGC) has inked a pact with Greenko Zeroc Cto produce renewables, green hydrogen, green ammonia and other derivatives of green […]
ONGC inks MoU with Norway’s Equinor to collaborate on E&P, clean energy – EQ Mag Pro
Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with Equinor ASA, the Norwegian state-owned multinational energy company. The MoU was inked on 26 April 2022 in Indian capital New Delhi for collaboration and partnership in areas of upstream Exploration & Production, midstream, downstream and Clean energy options, including Carbon […]