In Short : ONGC (Oil and Natural Gas Corporation) has signed a Memorandum of Understanding (MoU) with NTPC Green Energy Limited to collaborate on the development of renewable energy projects. This partnership highlights ONGC’s commitment to diversifying its energy portfolio and promoting sustainability. By working together, the two entities aim to contribute to India’s renewable […]
ONGC commits Rs 2 Lakh crore for carbon neutrality – EQ
The company is poised to expand its presence in renewable energy and green hydrogen initiatives, marking a significant shift in its long-term strategy. State-owned Oil and Natural Gas Corporation (ONGC) has unveiled an ambitious plan to invest Rs 1 lakh crore by the end of the decade to propel its transition towards a low-carbon energy […]
ONGC to invest Rs 2 lakh cr in energy transition projects – EQ
ONGC will invest about Rs 2 lakh crore to achieve zero carbon emissions by 2038, its Chairman Arun Kumar Singh said on Tuesday New Delhi : Oil and Natural Gas Corporation (ONGC) will invest about Rs 2 lakh crore to achieve its net-zero targets by 2038, Chairman Arun Kumar Singh said on Tuesday. He said […]
ONGC investing Rs 1 lakh crore to transform into low-carbon energy player – EQ Mag
ONGC is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen New Delhi : Maharatna oil PSU Oil and Natural Gas Corporation (ONGC) is investing Rs 1 lakh crore by the end of this decade in low-carbon energy opportunities, including renewables and green hydrogen […]
ONGC transforming into a low-carbon energy player in a big way: to scale up renewable portfolio to 10 GW by 2030 – EQ Mag
Energy Maharatna has crafted a robust roadmap to scale up its low-carbon energy portfolio significantly . In line with the Hon’ble PM’s vision on renewables, which was spelt out in his Independence Day speech on 15 August 2023, ONGC has aligned itself with India’s ambitious goals and is wholeheartedly contributing to the nation’s aim to […]
ONGC sells KG gas to Torrent, GAIL at $11 per mmBtu – EQ Mag
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) has sold initial gas it is producing from its KG basin fields in the Bay of Bengal to three firms, including Torrent Gas, sources said. In an e-auction, the firm sold 1.4 million standard cubic meters per day – a fraction of the planned output from […]
ONGC signs pact with IndianOil for petrochemicals – EQ Mag
India’s top oil and natural gas producer ONGC has signed a pact with the nation’s largest oil refining and fuel marketing company IOC for exploring opportunities in the petrochemicals business Oil and Natural Gas Corporation (ONGC) and IOC “signed a memorandum of understanding (MoU) to explore downstream opportunities, especially in petrochemicals, both greenfield projects and […]
ONGC to invest Rs 1 lakh crore to expand renewable energy capacity – EQ Mag
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 […]
