AGARTALA

ONGC's good work in combating climate change has won it an international recognition. An eminent jury, under the chairmanship of Justice PN Bhagwati, former Chief Justice of India and Member of UN Human Rights Commission, adjudged ONGC the winner of '2008 Golden Peacock' award for an impeccable record in the climate change mitigation.

Speaking at World Convention on Climate Change at Palampur in Himachal Pradesh, former prime minister of Sweden Dr Ola Ullsten said that the key to long-term environment conservation and sustenance was to examine and incorporate pricing mechanisms for natural resources. Addressing policy makers, civil society groups and environment experts at the convention held recently, Ullsten spoke about the increasing chasm between the supply of financial and natural resources.

Ploughing It Back: Several projects run by ONGC enable the company to use a fixed share of its profit for sustained public service (Left: Before the treatment of oil-contaminated land, Right: After the treatment)

The Oil and Natural Gas Corporation (ONGC) has announced to go for large-scale exploration work in Tripura with the increasing investment scope in the power sector and medium-scale industries in the State. ONGC officials said here today that the exploration would commence at Tulamura under Belonia subdivision from the first week of June since the requirement of natural gas had increased because of the upcoming thermal plants at Palatana in South Tripura and Monarchak in West Tripura and expansion of existing plants in Barmura and Rokhia.

This is the conclusion of a two-part series on the global oil scenario and ONGC. The first part was published on May 6 In India, oil production grew by 6% in the last five years up to 2006-07. It was during the second half of 1994-95 that ONGC's medium-sized fields

The Hinduja group plans to go ahead with Rs 25,600-crore refinery at Kakinada even if its indecisive project partner Oil and Natural Gas Corporation (ONGC) opts out. "We have given in writing to the Andhra Pradesh chief minister that we are keen to set up the project, with or without ONGC," Hinduja Group chairman G.P. Hinduja said.

After the UK-based Hinduja group, Oil and Natural Gas Corporation's (ONGC) proposed Rs 26,500-crore refinery at Kakinada, Andhra Pradesh, has found new suitors in Reliance Industries (RIL) and Essar Oil. This is despite ONGC maintaining its stand that the refinery is not financially feasible unless the Andhra Pradesh government gives it more incentives.

Public sector ONGC on Saturday said it has achieved highest reserve accretion of the decade and would invest Rs 3,570.6 crore for maintaining, revamping and enhancing its oil and gas production from existing fields.