ONGC (Oil & Natural Gas Corporation)

Latest ONGC (Oil & Natural Gas Corporation) News

• Plans to sell shares in ONGC through auction.

• Contract for $14.9 million with the BC-10 Consortium.

• Beginning of oil production from Bhagyam field is a significant step towards further development of the MBA fields.
• The commissioning of Bhagyam illustrates how supportive policies are enabling companies to unlock the hydrocarbon potential and create significant value for our Nation.

• ONGC has decided to pick up a 45% stake held by BGEPIL in the shallow-water block KGOSN-2004/1.
• ONGC Board has approved assumption of 100% share in the block.

• ONGC 2011 results and operation updates prove that it is a true gem in India's corporate world.

• India will launch its maiden bid round for exploration of shale gas during the 12th Plan Period (2012-17) after assessment of resources is done. This bid round is to join the global race to tap unconventional hydrocarbon sources to meet energy needs.
• India's gas demand is likely to rise from 290 million standard cubic meters per day in 2012-13 to 470 mmscmd in 2016-17. Against this, domestic supply will increase from 124 mmscmd to 220-230 mmscmd only.

• An independent oil & gas company listed on the Main Board of the London Stock Exchange, with a diversified portfolio of production, development and exploration assets.

• Oil & Natural Gas Corporation brings its overseas investment branch ONGC Videsh to the fore for oversees assets acquisition to ramp up production
• OVL will be represented through a consortium in Iraq's fourth licensing round to be held in January
• Company is strongly seeks to participate in the forthcoming auctions in Brazil and Oman

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