NEW DELHI: Oil and Natural Gas Corporation (ONGC) on Tuesday announced mega plans to invest over $10 billion in the new gas discoveries off the East Coast to bring them to production.

Speaking on the sidelines of the Petrotech 2010 conference here, ONGC Director (Exploration) D. K. Pande said the corporation was aiming to develop finds in the KG basin through four different projects.

New Delhi: ONGC plans to invest over $10 billion to develop its new gas field in the KG basin for production. ONGC aims to develop the KG basin through four different projects.

Fuel price rise in June brings down subsidy burden by 45%.

In what will enhance the financial performance of upstream oil companies, the subsidy burden on Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and GAIL Ltd has decreased by 45 per cent in a single quarter thanks to the June fuel price rises.

The government uses a one-third burden sharing formula.

After mulling over whether China and India should divide hydrocarbon reserves among themselves, the Government of India has told its energy majors to sign up more contracts no matter what. But Delhi is in a bind. To compete with China’s oil giants, India’s energy firms will have to bulk up.

Moscow: Russia

ONGCOil and Natural Gas Corporation (ONGC), the country

The Indian gas market is expected to be one of the fastest growing in the world over the next two decades. This paper analyses this market, highlighting the current challenges. It first looks at the industry structure, presents the main players from industry as well as government, and gives an overview of the regulatory framework.

Bharuch: The leaking oil from a breach in an Oil & Natural Gas Corporation (ONGC) pipeline at Adol village of Ankleshwar taluka in Bharuch district on Thursday morning caught fire, but there were no casualties, police said.
ONGC fire tenders reached the spot and brought the fire, which was major, under control after two hours.
The fire damaged standing crops in an area of 10 acres, sourc

New Delhi: State-run Oil and Natural Gas Corp (ONGC) is planning to set up a Rs 650-crore wind power project in Rajasthan and solar power projects in Gujarat and Rajasthan, minister of state for petroleum and natural gas Jitin Prasada told Lok Sabha on Thursday.

Ajay Modi & Jyoti Mukul / New Delhi August 9, 2010, 0:40 IST

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