ONGC seeks windfall tax on crude oil

Oil and Natural Gas Corp (ONGC) has sought levy of windfall tax on crude oil price of over USD 60 per barrel to pay for fuel subsidies.

ONGC plans to take Rs 4k cr term loan to refinance OVL`s debt

Oil and Natural Gas Corp plans to
raise a term loan of about Rs 4,000 crore to refinance the
debt its overseas investment arm had taken to buy UK-based
Imperial Energy Corp.

ONGC loses Halfaya oilfield in Iraq to China

State-owned Oil and Natural Gas
Corp`s losing streak in Iraq continued today when it lost the
bid to develop Iraq`s giant Halfaya oilfield to a consortium
led by a Chinese firm.

ONGC to bid for Iraqi oilfield

Oil and Natural Gas Corporation,
along with state-run Oil India Ltd and Turkish Petroleum Corp
(TPAO), is likely to bid for Iraq`s giant Halfaya oilfield
under that country`s second licensing round this week.

ONGC to use Iran LNG facility for Farsi gas

Oil and Natural Gas Corporation plans to use the facility, that Iran LNG is creating on southern Iranian coast, to liquefy the gas it will produce
from the Farsi fields in the Persian Gulf.

ONGC keen to grab a share in Ghana`s Jubilee oilfield

State-run Oil and Natural Gas Corp
(ONGC) is interested in acquiring a stake in Ghana`s giant
Jubilee oilfield, but the African nation has exercised its
first right of refusal on the stake sale.

ONGC in talks for setting up refinery in Nigeria

ONGC Videsh, the overseas
investment arm of state-run Oil and Natural Gas Corporation,
is in talks to set up a refinery in Nigeria even as Indian
companies look at sourcing LNG from African nations.

ONGC, partners to invest $ 10bn in Iran projects

Oil and Natural Gas Corp (ONGC) and
its partners will invest about USD 10 billion in two giant gas
fields and an LNG project in Iran, Iranian Deputy Oil Minister
Seifollah Jashnsaz said.

RIL`s KG gas output crosses 50 mmscmd, topples ONGC

Reliance Industries has become
the largest natural gas producer in the country with its over
50 million standard cubic meter per day (mmscmd )output
surpassing state-run Oil and Natural Gas Corp`s output.

ONGC opposes parking funds with state-run banks

State-run Oil and Natural Gas
Corp (ONGC) is against investing its surplus fund with PSU
banks as giving business on nomination basis was causing loss
of interest revenue to it.

Five Indian cos among top 15 Asian energy companies

Five Indian companies are among the top 15 Asian energy companies, racing past China which had three companies in the list, according to Platts, a global provider of energy and commodities information.

ONGC stumbles upon uranium in Assam

Oil and Natural Gas Corp (ONGC) Saturday said it has stumbled upon a reserve of uranium while carrying out exploration work in an oilfield in Assam.

Petroleum min proposes 33% hike in ONGC, OIL gas price

The Petroleum Ministry has
proposed a 33 per cent hike in the price of natural gas
produced by ONGC and Oil India and gradually increase it to
USD 4.20 per mmBtu set for gas from Reliance Industries` KG-D6
fields.

Dempo rally to beat Viva Kerala

Dempo overcame a first-half deficit
to defeat a fighting Viva Kerala 3-1 and returned to the top
of the points table after the eighth round of the ONGC
I-League at Nehru stadium.

ONGC, oil firms halt operations in western offshore

ONGC suspends drilling operations in the western offshore while other oil firms took steps to protect their installations from a tropical cyclone in Arabian Sea.

ONGC may look at setting up nuclear power plant: Sharma

State-run Oil and Natural Gas Corp
(ONGC) on Monday said it may set up a nuclear power plant in
future if its current collaboration with Uranium Corp of India
results in discovery of uranimum mines.

Mittal, ONGC decide to wind up trading arm OMSEL

Steel tycoon Lakshmi N. Mittal and
the Oil and Natural Gas Corporation have decided to wind up a firm they had set up four years ago for trading in oil and gas
as the joint venture has failed to take off.

Govt may allow ONGC to auction off marginal fields

The government may allow state-run
ONGC to auction small and marginal fields that it has not
found economical to develop, so that the discoveries in the
fields could be brought into production.

ONGC Q2 net profit up 6% to Rs 5,089.64 cr

State-run Oil and Natural Gas Corporation on Thursday reported a six percent increase in its net profit at Rs 5,089.64 crore during the second quarter ended September 30, 2009.

ONGC, Bihar govt ink deal for petroleum exploration

Bihar government and Oil and Natural Gas Corporation (ONGC) today signed an agreement to carry out exploration of petroleum and natural gas in 2227 sq km area in West Champaran district