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Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation is an Indian multinational oil and gas company earlier headquartered in Dehradun, Uttarakhand, India. As a Corporation, it's registered office is now at Deendayal Urja Bhavan, Vasant Kunj, New Delhi 110070 India.

Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company earlier headquartered in Dehradun, Uttarakhand, India. As a Corporation, it's registered office is now at Deendayal Urja Bhavan, Vasant Kunj, New Delhi 110070 India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 70% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.
 
In a government survey for fiscal year 2016-17, it was ranked as the largest profit making PSU in India.[5] It is ranked 11th among the Top 250 Global Energy Companies by Platts.
 
ONGC was founded on 14 August 1956 by Government of India, which currently holds a 68.94% equity stake. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries. ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years, adding over 7.1 billion tonnes of In-place Oil & Gas volume of hydrocarbons in Indian basins. Against a global decline of production from matured fields, ONGC has maintained production from its brownfields like Mumbai High, with the help of aggressive investments in various IOR (Improved Oil Recovery) and EOR (Enhanced Oil Recovery) schemes. ONGC has many matured fields with a current recovery factor of 25–33%.[4] Its Reserve Replacement Ratio for between 2005 and 2013, has been more than one.[4] During FY 2012–13, ONGC had to share the highest ever under-recovery of INR 8993.78 billion (an increase of INR 567.89 million over the previous financial year) towards the under-recoveries of Oil Marketing Companies (IOC, BPCL and HPCL). On 1 November 2017, the Union Cabinet approved ONGC for acquiring majority 51.11% stake in HPCL (Hindustan Petroleum Corporation Limited). On Jan 30th 2018, Oil & Natural Gas Corporation acquired the entire 51.11% stake of Hindustan Petroleum Corporation.

Oil and Natural Gas Corporation Ltd news

Energy Maharatna ONGC organizes ONGC Para Games

New Delhi: Oil and Natural Gas Corporation Limited (ONGC) has organized the 2nd edition of the three-day ONGC Para Games 2018-19 at the Thyagraj Stadium in New Delhi. The 1st edition of the event was organized by ONGC in 2017. ONGC is the only public sector enterprise to organize such para Games
Posted Date :  14-03-19

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ONGC CSR Work in Jammu and Kashmir Recognized by FICCI

New Delhi: Oil and Natural Gas Corporation Limited (ONGC) has been conferred with Federation of Indian Chambers of Commerce & Industry (FICCI) award for Corporate Social Responsibility (CSR) projects undertaken by it in Baramulla and Uri of Jammu & Kashmir. ONGC undertook CSR projects in the fie
Posted Date :  22-02-19

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Dr. Alka Mittal takes charge as Director HR in ONGC

New Delhi: Dr. Alka Mittal joined as Director (HR) of Oil & Natural Gas Corporation Limited (ONGC) Wednesday, on 26th December 2018. She is an post-graduate in Economics, MBA (HRM) and Doctorate in Commerce and Business Studies. She joined ONGC as a Graduate Trainee in 1985 and brings with her e
Posted Date :  26-12-18

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Shri Navin Chandra Pandey takes charge as Director (T and FS) ONGC

New Delhi: Shri Navin Chandra Pandey, has assumed the charge of Director – Technical and Field Services (T&FS) of Oil and Natural Gas Corporation Ltd (ONGC) recently. Shri Pandey is a Mechanical Engineering graduate from Motilal Nehru Regional Engineering College, Allahabad (NIT, Allahabad). 
Posted Date :  01-11-18

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ONGC Commissions 10 MW Solar Project at Hazira in Gujarat

Hazira: The Oil and Natural Gas Corporation (ONGC), has commissioned a 10 MW solar project which will power its plants at Dhaej, Gandhar, and Hazira located in the state of Gujarat.   This turnkey project will meet the Renewable Power obligation (RPO) of ONGC for Gujarat region and is in
Posted Date :  09-09-18

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ONGC Pitches in with Relief Support for Flood-Affected Kerala

New Delhi: Oil and Natural Gas Corporation Limited, has pressed into action three helicopters-Two from Mumbai and One from Kakinada to airlift relief materials for the flood-hit people of Kerala. Four ONGC doctors have also been flown in to provide medical supports.   Medicines, foodstuf
Posted Date :  20-08-18

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