National Wildlife Board Approves Trishna Gas Project of ONGC

The National Wildlife Board has given its approval for the Trishna Gas project of ONGC which falls in the Trishna Wildlife Sanctuary in the Gomati district of Tripura. Trishna gas project ONGC has discovered 10-12 gas bearing wells in the Trishna ..

Month: Current Affairs - January, 2019

Public Enterprises Survey 2017-18

The Public Enterprises Survey 2017-18 was tabled in the Parliament. The Survey mapped the performance of the various central public sector units. The survey was undertaken by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises. Findings ..

Month: Current Affairs - December, 2018

Government forms Rajiv Kumar Committee to look at selling of OIL, ONGC fields to private companies

Union Government has constituted six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to private and foreign companies to ..

Month: Current Affairs - December, 2018

ONGC discovers oil, gas reserves in Madhya Pradesh, West Bengal

State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in country. They are category-III basins, having hydrocarbon and are considered geologically ..

Month: Current Affairs - September, 2018

ONGC to introduce Asia’s first large scale CO2 injection technique at Gandhar field

State owned Oil and Natural Gas Corporation (ONGC) is planning to introduce carbon dioxide (CO2) injection technology in its Gandhar oil field in Gujarat. It will be first large scale CO2-injected project in Asia. Its purpose is to recover extra ..

Month: Current Affairs - February, 2018

ONGC to acquire Government’s entire 51.11% stake in HPCL

The Union Government and state-run oil explorer ONGC clinched deal for acquisition of government’s 51.11% stake in Hindustan Petroleum Corporation (HPCL) for a consideration of Rs. 36,915 crore. The deal will be closed by end of January 2018. Earlier empowered ..

Month: Current Affairs - January, 2018

What are Blue Chip Stocks?

Blue Chip Stocks refer to stocks of high value which give huge returns in the long run. They are shares of highly recognized and large companies which have proven record of sound financial output and standing. These stocks are highly ..

ONGC discovers oil in Arabian sea near Mumbai High

State-owned Oil and Natural Gas Corporation (ONGC) has made oil discovery in WO-24-3 well located west of Mumbai High fields in Arabian Sea. The well is estimated to hold in-place reserve of about 20 million tonnes. The new discovery comes ..

Month: Current Affairs - September, 2017

CCEA approves survey project of Un-appraised Areas of Sedimentary Basins

The Cabinet Committee on Economic Affairs (CCEA) has approved survey project to acquire 48,243 Line Kilometer (LKM) 2D seismic data for appraisal of Indian sedimentary basins where limited data is available. Sedimentary basin is a low area in the Earth’s ..

Month: Current Affairs - September, 2017

CCEA approves selling 51% stake in HPCL to ONGC

 The Cabinet Committee on Economic Affairs (CCEA) has approved sale of government’s 51.11% stake along with management control in HPCL (Hindustan Petroleum) to ONGC. HPCL will continue as PSU after the acquisition. HPCL will add 23.8 million tonnes of annual ..

Month: Current Affairs - July, 2017