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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

Shri Anurag Sharma appointed as director ONGC

NEW DELHI . Govt has clear the appointment of Shri Pankaj Kumar Goswami, Chief General Manager (CGM), Oil India Limited (OIL) to the post of Director (Operations), OIL and Shri Anurag Sharma, Executive Director, Oil & Natural Gas Corporation Limited (ONGC) to the post of Director (Onshore), ONGC.
Posted Date :  19-02-20

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ONGC posts net profit of rs 4152 cr

NEW DELHI. Oil and Natural Gas Corporation (ONGC) on February 14 posted a 49.75 percent year-on-year (YoY) fall in standalone profit at Rs 4,151.63 crore for the quarter ended December 31. The state-run oil explorer had posted a profit of Rs 8,262.70 crore in the same period last year.  
Posted Date :  15-02-20

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ONGC Organises Cyclothons At Ahmedabad

Kolkata: ONGC organises Cyclothons at Ahmedabad, Dehradun, Agartala, Vadodara and Kolkata on Saksham Cycle Day to inculcate the habit of cycling across age groups Saksham 2020 Main Hoon Saksham PCRA - Petroleum Conservation Research Association
Posted Date :  20-01-20

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ONGC wins golden peacock 2019 award for risk management

NEW DELHI. ONGC has been declared as the Winner of ‘Golden Peacock Award for Risk Management’ for 2019, by the Awards Jury of Institute of Directors (IOD), India. The award shall be presented to ONGC in the presence of business & industry leaders during IOD, India's "2020 Singapore Global
Posted Date :  26-12-19

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ONGC Observes Security Awareness Week 2019

New Delhi: ONGC observes Security Awareness Week2019.The inaugural session was graced by Sh.Rajiv Jain, IPS(Retd.), Former Director IB as Chief guest in presence of Shashi Shanker CMD ONGC, SK Moitra, Dir(Onshore),Dr. Alka Mittal, Dir(HR), R C Joshi, CVO, Dr Baljit Singh, ED - Security and G C Ch
Posted Date :  17-12-19

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Shri Omprakash appointed as as director T and F ONGC

NEW DELHI . Govt of India has cleared the appointment of Shri Alok, IAS ,as Member ADmn., NHAI . Following appointment has been cleared by the govt.   1. Shri Inderpal Singh , DGM, MSTC as Director ( Fin) , HHEC. 2. Shri Adipnath Palachaudhuri, Vice Preident , Balmer Lawrie as Direct
Posted Date :  17-12-19

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ONGC bags S and P platts global energy awards 2019

NEW DELHI . Oil and Natural Gas Corporation (ONGC) Limited adder another glory to its kitty, bagging S&P Platts Global Energy Award 2019 for Corporate Social Responsibility - Diversified Program. ONGC is the only Indian company to bag honors from Platts this time across all categories. The Award
Posted Date :  17-12-19

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ONGC launches toll-free number to strengthen installation security

NEW DELHI. Oil and Natural Gas Corporation Limited (ONGC) launched an All-India Toll-Free 24X7 Helpline Number – 1800-1800-088 – during the inaugural session of the Security Awareness Week 2019 at Deendayal Urja Bhawan Delhi on 13 December 2019. The emergency helpline number was unveiled by F
Posted Date :  16-12-19

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ONGC 3rd para games inaugurated by Shri Ishwarsinh Patel

New Delhi: ONGC 3rd Para Games inaugurated today by Shri Ishwarsinh Patel, Minister of State, Co-Operation,Sports,Youth & Cultural Activities (Independent Charge), Transport (State Minister), Govt. of Gujarat in presence of Shri Shashi Shanker, CMD ONGC, Dir (Onshore),Dir (HR) & CVO
Posted Date :  04-12-19

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ONGC reports 24 percent YoY drop in standalone profit

NEW DELHI. Oil and Natural Gas Corporation (ONGC), on November 14, reported a 24.2 percent year-on-year (YoY) fall of its standalone profit to Rs 6,263.13 crore for the quarter that ended on September 30. The company had posted a profit of Rs 8,264.61 crore for the corresponding quarter of the la
Posted Date :  15-11-19

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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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