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The Latest Breaking News from ONGC

23,458 fisherfolk affected by ONGC pipeline project get ₹107.90 crore compensation in Kakinada and Konaseema districts

7,050 fishermen from Kakinada received ₹32.43 crore and 16,408 fishermen and single women in Konaseema get ₹75.47 crore.

The Hindu

Oil ministry recasts ONGC board

NEW DELHI: The ONGC board is to be restructured from March 1, 2023 to make the state-run exploration behemoth more responsive to “the emerging trends in the energy sector” and align its corporate goals with “the national energy priorities”.

The Times of India

Official Order Issued: Retired BPCL Chairman Arun Kumar Singh Appointed ONGC Chairman

Retired BPCL chairman Arun Kumar Singh appointed ONGC chairman for 3 years. Read full story on Dynamite News:

Dynamite News

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Kirit Parikh panel for price band to tame CNG, PNG spike

NEW DELHI: A panel under economist Kirit Parikh is set to recommend a price band of $4-6.5 per unit for gas produced from old fields of state-run ONGC and OIL, which would ease pressure on city gas utilities as well as CNG and PNG consumers.

The Times of India

Govt gets Rs 5,001 crore dividend from ONGC; total dividend from CPSEs reaches Rs 23,797 crore so far in FY23

NEW DELHI: The government has received about Rs 5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal to Rs 23,797 crore.

The Times of India

Arun Kumar Singh to be next CMD of ONGC

Oil refining and marketing company BPCL's former chairman Arun Kumar Singh is likely to be the new chairman of India's top oil and gas producer ONGC. Read full details on Dynamite News.

Dynamite News

Vedanta gets 10-year extension for Rajasthan oil block

NEW DELHI: Billionaire Anil Agarwal's Vedanta has got a 10-year extension of the licence for its prolific Rajasthan oil block till May 14, 2030, the firm said in a stock exchange filing on Thursday.

The Times of India

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Natural gas price to rise to record level this week

Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. Read more on Dynamite News:

Dynamite News

ONGC denies reports on shale/gas oil exploration in Cauvery delta

It refutes charges by Anti-Methane Federation

The Hindu

Reliance Industries shares fall 3%; ONGC, Vedanta too decline

NEW DELHI: Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil.

The Times of India

Morning Digest | Indian mission in Sri Lanka slams Chinese Ambassador’s remarks on vessel visit; CWC to meet today to discuss party poll schedule; and more

Here’s a select list of stories to read before you start your day

The Hindu

‘ONGC lost ₹200 crore due to agitations, agri zone enactment’

: ONGC has lost ₹200 crore due to continuous agitations by “vested interest” groups and the enactment of the Tamil Nadu Protected Agricultural Zone Development Act, 2020, according to Anurag, Executive Director, Asset Manager, Cauvery Asset.

The Hindu

Oil Ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

Use of domestic gas instead of imported fuel will bring down the cost of raw material and ease CNG and PNG rates, officials said.

The Hindu

Andhra Pradesh: National Green Tribunal orders ONGC to pay ₹22 cr. to APPCB

GAIL ordered to operate units in strict compliance with norms

The Hindu

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The Hindu

‘No hydrocarbon projects shelved in delta districts of T.N., A.P.’

CHENNAI

The Times of India

ONGC ties up with Greenko for green hydrogen foray

NEW DELHI: State-run ONGC is planning a joint venture with Hyderabad-based renewables major Greenko group for foraying into the green hydrogen and green hydrogen derivatives market.

The Times of India

Reliance Industries shares climb over 4%; ONGC jumps 7%

NEW DELHI: Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax on petrol, diesel, jet fuel and crude oil.

The Hindu

IIT Madras develops life cycle management system for ONGC

The structural integrity management system developed by the Ocean Engineering department of the IIT Madras will help ONGC in extending the life of its equipment in offshore oil platforms

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The Times of India

June 28 tragedy: ONGC staff battled rough seas for 2.5 hours before they were pulled out, say sources

MUMBAI: A delayed rescue operation in inclement weather may have cost four lives after a Pawan Hans helicopter made an emergency landing near an ONGC rig last month, reports Manju V. When the chopper landed off Mumbai High on a rough sea, the occupants managed to unfasten seat belts, open…

The Times of India

Govt slaps windfall tax on fuel exports, domestic crude

NEW DELHI: The government on Friday taxed petrol, diesel and jet fuel exports to discourage overseas sales by private refiners Reliance Industries and Nayara Energy without first meeting domestic commitments and levied additional duty on domestic crude to mop up part of the windfall gains from elevated prices caused by…

The Times of India

PSU refiners to lose monopoly over domestic crude from October 1

NEW DELHI: Domestic producers will be free to sell crude from their fields to government and private refineries from October 1, ending the historical monopoly of state-run refiners over domestic crude.

The Times of India

4 die as Pawan Hans helicopter headed for oil rig off Mumbai coast lands at sea, goes down

MUMBAI: Four of the nine occupants of a Pawan Hans helicopter died after the aircraft, carrying ONGC officials to an oil rig in Bombay High, made an emergency landing in the Arabian sea on Tuesday.

The Times of India

Four dead after Pawan Hans chopper makes emergency landing in Bombay High

MUMBAI: Four people were killed after a Pawan Hans helicopter with nine on board made an emergency landing on the Arabian sea on Tuesday.

The Hindu

Four dead as ONGC chopper falls into sea off Mumbai

Helicopter crashed near the ONGC’s Sagar Kiran rig.

The Times of India

Govt to pursue $3.85 billion recovery from Reliance, partners

NEW DELHI: The government on Monday said it will pursue recovery of $3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields.

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