Page-5 of ONGC

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

February 16, 2018

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 ..

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

January 22, 2018

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 ..

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What are Blue Chip Stocks?

December 24, 2017

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

September 21, 2017

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 ..

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

September 12, 2017

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 ..

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CCEA approves selling 51% stake in HPCL to ONGC

July 24, 2017

 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 ..

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