Assam Well Blowout: A gas blowout at ONGC's Bhatiapar well in Assam's Sivasagar district poses manageable risks, unlike the catastrophic 2020 Baghjan incident. ONGC said it is mobilising experts to control the situation safely. CM Himanta Biswa Sarma has urged quicker action, citing local concerns.
2 min read19 Jun 2025Stock to buy: Indian brokerage firm Anand Rathi predicts that ONGC shares could provide a 14% upside in the upcoming one-month period. Shares of the PSU oil producer closed lower after Tuesday's stock market session.
2 min read17 Jun 2025The country needs to move quickly to eliminate hurdles in the way of reducing its growing dependence on oil and gas shipments. To attract private capital from across the world and exploit local reserves, we should re-explore production sharing contracts, especially for high-risk basins.
5 min read27 May 2025PSU giant ONGC's net profit dropped 20% to ₹8,856 crore in the Jan-Mar quarter results released on 21 May 2025. The Oil major also declared a final dividend issue along with its fourth quarter results. Shares closed lower ahead of the announcement.
2 min read21 May 2025Crown LNG is setting up an offshore terminal in Kakinada and potentially another in Haldia. The company aims to benefit from growing US-India energy trade, with an initial capacity of 4 million tonnes and a project cost of $1.1-$1.2 billion.
3 min read26 Feb 2025Inox Air Products is focused on developing production capabilities for 40 gases, currently imported, that are needed for the semiconductor sector. The biggest opportunity for Inox India is in building LNG facilities.
4 min read20 Feb 2025There has been a major policy focus on LNG amid India's energy transition journey as it is considered to be a cleaner fuel compared to crude oil. The government aims increase the share of natural gas in the country's energy basket from 7% currently to 15% by 2030.
3 min read11 Feb 2025The company viewed India's rising CNG demand as a stepping stone towards adopting alternative fuels that reduce vehicular emissions.
3 min read24 Jan 2025Mangalore Refinery and Petrochemicals Ltd has entered into an agreement to store its crude oil in the caverns of the Indian Strategic Petroleum Reserves Ltd.
2 min read7 Jan 2025Drillers are looking ahead to new export hubs and easier regulations under the coming Trump presidency.
2 min read26 Dec 2024