The Cabinet Committee on Economic Affairs (CCEA) today approved the award of 44 oil and gas exploration blocks under the seventh round of auction of the New Exploration Licensing Policy (Nelp-VII). The allotment is expected to attract investments of $1.5 billion, around 57 per cent less than the $3.5 billion commitment for the 52 blocks awarded under the previous auction.

NEW DELHI: The Cabinet Committee on Economic Affairs on Thursday gave the go ahead for awarding 44 oil and gas exploration blocks with Oil and Natural Gas Corporation (ONGC) bagging the maximum along with its partners and first timers BHP Billiton-GVK Power. This initiative to reduce reliance on imported energy is expected to attract $1.5 billion investment.

Press Trust Of India / New Delhi November 07, 2008, 0:34 IST

Oil and Natural Gas Corporation (ONGC), the country's largest oil producer, is looking at an initial public offering (IPO) of its subsidiary that is building a Rs 13,600-crore petrochemical plant at Dahej in Gujarat.

Net Profit: Rs 15,934 Oil and natural gas corporation (ongc), the country

Press Trust Of India / New Delhi October 14, 2008, 0:57 IST

State-run Oil and Natural Gas Corp and Gujarat State Petroleum Corp are likely to fetch a minimum of 20 per cent premium over the $4.2 per million unit price fixed for Reliance Industries' gas field.

NAZIRA, Oct 13: The ONGC(L) though booking profits from the crude oil of Asom yet it seems to be reluctant to give thought to the problems of oil field areas.

NEW DELHI: Oil and Natural Gas Corporation Mangalore Petrochemicals Limited (OMPL), a special purpose vehicle to execute the Rs. 6,400-crore aromatic petrochemical complex at Mangalore, has mandated SBI Caps to arrange for funds for the $1.52 billion project. The company plans to borrow around $1 billion to fund the project.

Shishir Prashant / Dehradun October 03, 2008, 0:31 IST

Oil and Natural Gas Corporation (ONGC) intends to enter the nuclear energy sector following all clearances to the Indo-US nuclear deal, according to its Chairman-cum-Managing Director RS Sharma.