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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

Dharmendra Pradhan Inaugurated ONGC Limited Nagayalanka GGS

New Delhi: Shri Dharmendra Pradhan Inaugurated ONGC Limited's Nagayalanka GGS, an on-shore field with promising potential.   The Nagayalanka project which produces about 1200 barrels oil per day crude at present has great potential, for which drilling of more wells is planned.
Posted Date :  09-11-19

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ONGC signs MoU with EXXON-Mobil

NEW DELHI: Oil and Natural Gas Corporation (ONGC) Limited has signed a Memorandum of Understanding (MoU) with US petroleum giant EXXON-Mobil on 14 October 2019. This MoU will enable the two petroleum companies to undertake joint technical studies and cooperate in frontier areas like deep water an
Posted Date :  16-10-19

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ONGC promotes No Single Use Plastics among children of Assam

New Delhi: ONGC promotes No Single Use Plastics among children of Assam and these kids as ambassadors take the message to masses.Children get volleyball as gift for plastic waste they collect & return for recycling Ministry of Petroleum and Natural Gas, Government of India      
Posted Date :  17-09-19

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ONGC plan to convert all installed lights to LED

New Delhi: ONGC among 1st few domestic companies to bring carbon mitigation to forefront. Some of our moves in this direction are our paperless offices, eliminating consumption of single-use plastic across ONGC & plan to convert all installed lights to LED by 2020
Posted Date :  12-09-19

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ONGC inaugurated Scan Auto Data Analyser

New DElhi: Dr. SSV Ramakumar, Director (R&D) inaugurated IND Scan Auto Data Analyser- a new tool developed by R&D scientists based on Artificial intelligence and Machine learning for Pipeline inspection.
Posted Date :  05-09-19

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ONGC tries to ensure gas supply to households on priority

MUMBAI. The ONGC said it was trying to ensure gas supplies to households are maintained as a priority, but warned that some compressed natural gas fuel stations across Mumbai may not operate until gas supply from Uran is restored.   Compressed natural gas fuels a vast majority of the bus
Posted Date :  05-09-19

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Shri Alok Kumar Gupta takes over as Director Operations ONGC Videsh

NEW DELHI. Shri AK Gupta has taken over as the Director (Operations) in the Board of ONGC Videsh. He brings over three decades of experience in various capacities in domestic and overseas operations.   He was most recently the Asset Manager Designateof Assam andprior to that Asset Manage
Posted Date :  05-09-19

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ONGC spent Rs. 615 Cr. for CSR Program in FY 19

New Delhi: In FY’19, ONGC spent Rs. 615 Cr. for its various CSR programs with significant focus on nationally relevant campaigns such as Swachh Bharat, Education, Heath & Nutrition, etc. - Shashi Shanker, CMD ONGC.
Posted Date :  04-09-19

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ONGC Untiring Efforts to Develop Odalarevu

New Delhi: ONGC is well known as a responsible corporate which cares for all its stakeholders. While developing its oil fields, the national explorer lends its full might in developing all its work locations which catalyzes growth of the neighboring communities as well.   This audio-visu
Posted Date :  22-07-19

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