Page 3 - Ongc Oil

ONGC to get Panna-Mukta fields from Shell, Reliance after 25 years

Production-sharing contracts for the fields will expire on Dec 21

Five oilfields qualify for fiscal incentives under enhanced recovery policy

The ER policy was notified in October 2018, to promote use of new techniques to increase the recovery rate for oil and gas

Citizenship Act stir: Oil production down 75%, gas output halted in Assam

The PSU major Indian Oil Corporation said vehicle fuel and LPG supply in Tinsukia, Dibrugarh, Sivasagar, Golaghat and Jorhat districts in upper Assam have been severely affected.

ONGC raises $300 mn dollar bond for meeting its capital expenditure

The bonds will bear a coupon of 3.375% and will mature in 2029

ONGC may revise terms of production-boosting plan for 64 oil and gas fields

---Pointer table is not needed---State-run Oil and Natural Gas Corporation (ONGC) is likely to revise the terms of the much-hyped production enhancement plan for 64 oil and gas fields, after concerns raised by prospective bidders over the operating cost and other bidding criteria.According to multiple sources, at least 14 of the 23 companies that participated in the pre-bid meeting on September 17 had asked for "compensation covering the operating cost to be borne by the contractor related to the baseline production". Following this, the Directorate General of Hydrocarbons (DGH) and ONGC have decided to revise the contract terms. It was in February this year that the Union Cabinet had cleared the handing over of 66 discovered marginal oil and gas fields by ONGC and Oil India (OIL) to private players. Industry sources said the revised terms might have to be again cleared by the Cabinet. A government official, however, said, "The process does not need any Cabinet clearance, as the ...

OMPL plans to raise $510 million through foreign currency term loan

India Ratings and Research (Ind-Ra) has assigned an 'AAA/stable' rating

ONGC jumps 9% after clarification on fire incident in Navi Mumbai plant

The company further said the offshore crude supply remains unaffected and the impact of fire in local vicinity is nil

OMCs slip up to 5% after reports say govt may sell stake in BPCL to IOCL

If the deal goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks.

OIL signs contract for 12 oil blocks, Vedanta 10 in latest auction round

Oil India Ltd signed up for the 12 out of 32 oil and gas exploration blocks it won in the twin rounds that ran parallelly

ONGC seeks bids to enhance production from 64 marginal fields

Companies can bid either alone or through consortiums and joint ventures and will be allowed to bid for more than one contract area

ONGC, Oil India gain; BPCL, IOC, HPCL dip as oil hits six-week high

Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration, Deep Industries and Selan Exploration Technology Company have rallied up to 16% on the BSE in intra-day trade.