Oil and Natural Gas Corporation (NSE:ONGC)

QUOTE AND NEWS
The Hindu Business Line  Aug 5  Comment 
A delay in creating requisite gas transportation infrastructure by Oil and Natural Gas Corporation is holding up the commissioning of a 363.3-MW unit of ONGC Tripura Power Company (OTPC)....
The Hindu Business Line  Jun 27  Comment 
State-owned Oil and Natural Gas Corporation (ONGC) has shut some wells on two onland gas fields in East Godavari district of Andhra Pradesh following a fire in a pipeline that carried gas to consu...
The Hindu Business Line  Jun 11  Comment 
ONGC Mangalore Petrochemicals Ltd (OMPL), the aromatics complex in Mangalore jointly promoted by Oil and Natural Gas Corporation and Mangalore Refinery and Petrochemicals Ltd (MRPL), will b...
The Times of India  May 30  Comment 
State-run Oil and Natural Gas Corporation on Thursday claimed before the Delhi High Court it has suffered loss of Rs 30,000 crore as a result of Reliance Industries Ltd exploiting - an euphemism for siphoning - gas from its block in the...
The Times of India  Mar 9  Comment 
The Tripura unit of Oil and Natural Gas Corporation Limited (ONGC) has intensified exploration to create a recoverable reserve of gas for at least 15 years, a top official of the company said.     
The Hindu Business Line  Mar 9  Comment 
The Hindu Business Line  Mar 5  Comment 
The Madras High Court on Wednesday directed Oil and Natural Gas Corporation in Karaikkal to pay Rs 8.80 lakh as compensation to a minor boy, whose vital organs were removed due to an explosion of...
The Times of India  Feb 12  Comment 
ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has entered into separate agreements with two consortiums of international banks to raise $2.5 billion by way of offshore borrowings to finance its...
The Hindu Business Line  Feb 12  Comment 
The Times of India  Jan 14  Comment 
Oil and Natural Gas Corporation is seeking a strategic partnership with Kuwait Petroleum Corporation (KPC) in two upcoming petrochemicals projects, its chairman Sudhir Vasudeva said.     
The Hindu Business Line  Jan 7  Comment 
State-owned Oil and Natural Gas Corporation and Oil India Ltd today paid $2.475 billion to Videocon Group for acquiring 10 per cent stake in a giant gas field off Mozambique. ONGC Videsh...
The Hindu Business Line  Jan 5  Comment 
State-owned Oil and Natural Gas Corporation (ONGC) will invest over $9 billion in bringing to production an array of oil and gas discoveries in its prolific Krishna Godavari basin block off the ea...




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One of the navratnas among public sector undertakings in India, Oil and Natural Gas Corporation Limited (ONGC) is the largest oil and gas exploration and production company in India, and one of the largest companies in India by revenue (FY 2007-08 revenues Rs. 615, 426 million)[1]. ONGC has the rare distinction among Indian companies of ranking regularly among Forbes and Fortune lists, and is known as a leader in its industry among its Asian counterparts. (link to various lists) ONGC is unique among Indian petroleum companies as the only company present in the entire hydrocarbon value-chain.

ONGC owns and operates more than 11,000 km of pipeline in India carrying various products, including 3,200 km of sub-sea pipelines.

ONGC has many assets across India and abroad, and has been active recently in acquiring rights to exploration sites around the world through its overseas exploration and production subsidiary ONGC Videsh Limited (OVL). During the financial year 2007-08, it had acquired 11 sites in 6 countries around the world bringing the number of overseas projects ONGC is involved with upto 38 across 18 countries. Of these 38 projects, 24 are in the Exploration stage, 6 in the Development stage and 7 in the Production stage. The remaining project is a Sudan pipeline project.

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References

  1. ONGC Annual Report 2007-08 (2008).
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