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	ONGC - Wikipedia, the free encyclopedia
		ONGC (Oil and Natural Gas Corporation Limited) (incorporated on June 23, 1993) is a public sector petroleum company in India.
		ONGC chairman Subir Raha says his company, a late entrant in the race for foreign assets, is doing 'reasonably well'.
		ONGC is still licking its wounds after being humbled by China's CNPC in the high-profile race to acquire PetroKazakhstan, which the Indian company says it lost narrowly.
	en.wikipedia.org /wiki/ONGC (923 words)

	The Telegraph - Calcutta : Business (Site not responding. Last check: 2007-11-04)
		Earlier, ONGC had drilled an exploratory well, BK-1, in the same block in Bokaro where six coal seams were identified for testing.
		ONGC had made three gas discoveries in the Krsihna Godavari basin earlier this year, which are expected to go on stream by the end of 2006.
		ONGC and the Mittal group have floated two joint venture firms on July 23 to target oil and gas opportunities in the central Asian countries and Africa.
	www.telegraphindia.com /1050815/asp/business/story_5116173.asp (285 words)

	ONGC asks Moody's for credit rating
		ONGC Videsh Ltd, ONGC's subsidiary, is aggressively scouting for international acreages and it is anticipated that in the near future, there would be huge funding requirement over and above internal resources.
		ONGC chose Moody's over Standard and Poor's for 'Issuer' rating as the former was likely to provide a rating higher than sovereign rating which would enable the company to raise debt at a highly competitive rate of interest.
		ONGC plans to borrow on strength of its balance sheet and then lend to OVL.
	inhome.rediff.com /money/2005/oct/14ongc.htm (424 words)

	Big fire at ONGC rig in Andhra Pradesh
		ONGC officials said 30 people were on the rig at the time of the accident.
		Their fate is not yet known, although ONGC officials believe that they could have jumped to the other side of the rig and gone to nearby villages.
		ONGC's crisis management team based in Narsapur, which is well trained and equipped to handle such situation, has already been mobilised at the site,' the statement added.
	www.rediff.com /money/2005/sep/08ongc1.htm?q=bp&file=.htm (432 words)

	ONGC may tie up with Statoil - The Times of India (Site not responding. Last check: 2007-11-04)
		In 2002, ONGC was on the verge of hiring Norway's deep sea drill rig West Navion (now the West Navigator), owned by Statoil and Smedvig, on a nomination basis, but the then NDA government asked it to launch an international bidding process through which the exploration firm hired Transocean and Dolphin for its deepsea campaign.
		ONGC plans to drill 37 exploratory wells in its blocks spread across the Arabian Sea and Bay of Bengal.
		ONGC was to pay an additional fee of about $ 160,000 per day to Statoil for the integrated management of the drilling programme in the Arabian Sea and Bay of Bengal.
	timesofindia.indiatimes.com /articleshow/940572.cms (458 words)

	Indo-Asian News Service -> India-Business/Energy-ONGC -> ONGC net profit up 50 percent to Rs.129.83 bn (Site not responding. Last check: 2007-11-04)
		The biggest revenue gainer for ONGC was the high realisation of $6-8 per barrel of crude oil with global prices scaling new heights.
		ONGC currently holds stakes in 15 overseas properties in over a dozen countries.
		"Of the four discoveries ONGC made in the country during 2004-05, the offshore fields VA-1 in eastern offshore and D-33 in western offshore are promising and the appraisal process is underway," Raha said.
	www.eians.com /stories/2005/06/20/20up.shtml (292 words)

	India blocks ONGC in Nigeria, clears Brazil effort - Boston.com (Site not responding. Last check: 2007-11-04)
		ONGC , India's most valuable listed company, had won an auction for a stake in Nigeria's yet-to-be developed Akpo oil and gas field, offering between $1 billion and $2 billion, a source with knowledge of the situation told Reuters this month.
		An oil ministry source said ONGC's proposal was deemed "very risky" and the cabinet rejected the proposal, although one television station reported that the proposal was only put on hold.
		ONGC already has interests in Sudan, Libya, Myanmar, Iran, Iraq, Syria, Russia and Ivory Coast, yet analysts also voiced concern about its bid in Nigeria and said ONGC had not disclosed any facts about it to shareholders.
	www.boston.com /news/world/asia/articles/2005/12/16/india_blocks_ongc_in_nigeria_clears_brazil_effort (660 words)

	Indo-Asian News Service -> India-Business/Energy-ONGC -> On golden jubilee, ONGC striving to be counted (Site not responding. Last check: 2007-11-04)
		Back home with the help of Soviet and Romanian experts, ONGC was able to collect seismic data from the Gulf of Cambay, the Arabian Sea and the east coast.
		ONGC's biggest oil producing asset Bombay High was discovered in February 1974.
		The company is currently in the process of assessing the reserves in some of the new discoveries in the east coast and in the northeast.
	www.eians.com /stories/2005/08/13/13on.shtml (895 words)

	Transaction and Strategic Alliance with ONGC
		The proposed transaction with ONGC is subject to, inter alia, finalisation of mutually acceptable sale and purchase agreements between the parties and approval by the Government of India.
		ONGC has a right to increase its stake by 30% in the event of a commercial discovery on the block and has exercised this right in respect of the Lakshmi and Gauri Development Areas.
		ONGC currently holds a 70% operated interest in the block and Indian Oil Corporation holds a 30% interest.
	www.cairn-energy.plc.uk /artman/publish/printer_87.shtml (986 words)

	Ongc < Petroleum < Corporations < Commerce < : news (Site not responding. Last check: 2007-11-04)
		ONGC, Gujarat avenged their league defeat when they beat BPCL of Mumbai 26-21 in a nail biting finish under floodlights in the Kabaddi Nationals tournament...
		ONGC Ltd is exploring the possibilities of investing in oil sand extraction projects.
		Mumbai: ONGC is poised to see gas sales from its Cauvery assets cross 850 million standard cubic metres in 2005-06.
	www.schema-root.org /commerce/corporations/petroleum/ongc (970 words)

	ONGC Videsh bags stake in Nigeria-Sao Tome oil block:- - Business News - Webindia123.com
		ONGC Videsh had bid for Block 2 in the Nigeria-Sao Tome joint development area as part of a consortium led by Devon/Pioneer/ERHC Energy.
		The other partners in the block, besides ONGC Videsh with 15 percent stake, are Equator Exploration and A. & Harmattan with 10 percent stake each, and Foby Engineering and Momo Oil & Gas that hold the remaining stake equally.
		In December, ONGC Videsh entered into a tie-up with Equator, the London Stock Exchange-listed oil and gas exploration company, to jointly bid for oil blocks in West Africa.
	news.webindia123.com /news/showdetails.asp?id=90111&n_date=20050620&cat=Business (361 words)

	CNN.com - India's ONGC finds deep-water gas - Feb. 23, 2004
		ONGC said its deep-sea rig Sagar Vijay found the large gas-bearing structure in an area known as G4-AB, near a gas-bearing prospect operated by Reliance Industries.
		ONGC said test results showed a flow rate of 14.42 million cubic feet a day from the well, the first it has drilled in the area.
		Shares in ONGC, which is held 84 percent by the Indian government, are down 1.5 percent to 734 rupees in Monday trade.
	www.cnn.com /2004/BUSINESS/02/23/india.ongc (221 words)

	What really caused the ONGC fire
		Raha said that committee of former chairmen and directors of ONGC has constituted to conduct an internal inquiry and go into the causes of this tragic accident, he said.
		He said that ONGC support and supply vessels and three chartered helicopters were quickly mobilised for search and rescue operations.
		Aiyar said that given the intensity of the fire and the consequent damage, the platform was abandoned according to a well-rehearsed drill used in offshore operations.
	in.rediff.com /money/2005/jul/28ongc3.htm (1015 words)

	ONGC, partners to invest $1 bn for exploration (Site not responding. Last check: 2007-11-04)
		ONGC and its partners — Oil India Ltd, Bharat Petroleum Corp and Hindustan Petroleum Corp — have committed a minimum investment of $412 million in the mandatory first phase of exploration in these blocks.
		ONGC bagged Assam onland block with OIL, Gujarat block with Cairn and a block in TN with BPCL.
		The Centre also signed licence agreements with ONGC for five deep sea oil and gas blocks on the east and west coasts and with Reliance Industries for one deep water block in the Bay of Bengal.
	www.indianexpress.com /archive_full_story.php?content_id=40638 (392 words)

	The Hindu News Update Service
		ONGC has already prepared a project report for the expansion of the refinery whose present capacity is three million tonne, he told reporters.
		ONGC would also lay an oil pipeline in Sudan and the work would begin in the next few weeks, he said.
		ONGC and MRPL together produce 15 per cent of the country's total finished products, he said.
	www.hinduonnet.com /thehindu/holnus/006200409220317.htm (216 words)

	Companies & Industry
		ONGC and the Mittal group had floated two joint venture companies on July 23 to target oil and gas opportunities in central Asian countries and Africa.
		ONGC, India’s largest oil producer, holds 49.98 per cent stake in both the joint venture companies, while LN Mittal, who till now was focussed only on the global steel business, would have a 48.02 per cent equity.
		ONGC must consider that it is in the broader business of energy and not merely oil and gas exploration.
	www.business-standard.com /common/storypage.php?storyflag=y&leftnm=lmnu1&leftindx=1&lselect=1&chklogin=N&autono=197347 (545 words)

	indianpetro.com
		ONGC's share of PMT gas has been tied up with the Dholpur power project of Rajasthan Rajya Vidyut Utpadan Nigam Ltd, The chief minister's request will be taken up after expansion plans and extra PMT gas output is confirmed.
		ONGC has estimated the value of the composite tender for charter hire of anchor handling tugs cum supply vessels, platform supply vessels and offshore supply vessels for Rs 1468 crore.
		The ministry had then insisted that ONGC should better the performance parameters set by the Task Force for 2005-06, but the ONGC brass was unwilling to accept higher targets, claiming it is the Task Force that is the competent authority to decide on annual targets.
	indianpetro.com (3727 words)

	domain-B : Indian business : industries : ONGC profits up 50 per cent; allotted 15 per cent stake in Nigerian field
		Subir Raha, chairman, ONGC, said that ONGC's overseas arm, ONGC Videsh, and its local partner, Equator Exploration, have been allotted a mere 15 per cent stake in the Nigerian field though the combine emerged as the highest bidder.
		ONGC Videsh's production rose 31 per cent to 5.06 million tonnes of oil and gas in 2004-05 as net profit jumped 78 per cent to Rs761 crore on a revenue of Rs6,026 crore.
		ONGC posted its highest-ever profit of Rs12,983 crore in 2004-05 — a 50 per cent increase over the previous year.
	www.domain-b.com /industry/general/20050621_stake.html (420 words)

	The Hindu Business Line : ONGC eyes crude, gas shipping biz
		OIL and Natural Gas Corporation (ONGC) is planning to enter the crude and gas shipping business in the coming years with an aim to become a $50-billion company in the next five years.
		ONGC plans to invest about Rs 10,000 crore in the domestic oil sector and an additional $1 billion abroad in the current financial year.
		ONGC has so far invested $3.5 billion in nine projects in countries such as Russia, Vietnam, Sudan and Angola, enhancing its proven reserves to more than five billion barrels.
	www.thehindubusinessline.com /2004/06/23/stories/2004062302040200.htm (446 words)

	ABC News: ONGC May Make PetroKazakhstan Counteroffer (Site not responding. Last check: 2007-11-04)
		But another ONGC official, speaking on condition of anonymity because of the sensitive nature of the issue, said there was little chance that PetroKazakhstan, a Canada-based oil producer, would consider further offers.
		ONGC, which bid through a joint venture between its overseas arm, ONGC Videsh Ltd., and Netherlands-based Mittal Steel Co., reportedly put in a $3.9 billion offer the highest in the first round.
		ONGC's failure to secure the purchase of PetroKazakhstan Inc. which drills for oil in the Central Asian nation of Kazakhstan was the latest in a series of failed attempts by Indian companies to secure additional energy supplies.
	abcnews.go.com /Business/wireStory?id=1060566 (405 words)

	Gulfnews: ONGC says no talks with BG on fields
		India's Oil and Natural Gas Corp (ONGC) said yesterday it was not in talks with BG Group or any other firm to help it operate three oil and gas fields in which Enron is selling its 30 per cent stake.
		ONGC has a 40 per cent stake in the fields while India's biggest petrochemicals group Reliance Industries Ltd holds the balance 30 per cent.
		The fields were discovered by ONGC but the government invited foreign and local firms to invest and develop them in the early years of India's economic reforms which began a decade ago.
	archive.gulfnews.com /articles/02/02/05/40095.html (536 words)

	The Telegraph - Calcutta : Opinion
		Hence, it is safe to presume that ONGC’s net profits and turnover are roughly of the magnitude reported for 2002-03 and market capitalization is more than Rs 75,000 crore.
		ONGC’s product profile of crude oil (60 per cent of revenue), natural gas (25 per cent) and small shares of naphtha, liquid petroleum gas, C2/C3 and kerosene explains trends in its net profits and turnover.
		Till April 2002, ONGC was insulated from global oil prices as product prices were administered, with phased increases expected to lead to global import parity prices in April 2002.
	www.telegraphindia.com /1030630/asp/opinion/story_2113655.asp (456 words)

	ONGC to enter wind and bio-energy sources:- - Business News - Webindia123.com
		Addressing a large gathering, President A.P.J. Abdul Kalam urged ONGC to focus on alternate energy sources to help India meet at least 50 percent of its energy demands from domestic sources.
		Stating that ONGC produces 80 percent of India's oil and gas, Kalam stressed that the only route it can now take for energy security is go for renewable sources.
		ONGC has submitted a proposal to the Rajasthan and Andhra Pradesh governments for joint participation in jatropha plantation for sourcing the non-edible oilseeds.
	news.webindia123.com /news/showdetails.asp?id=106797&n_date=20050814&cat=Business (414 words)

	BP eyes ONGC's oil & gas blocks
		ONGC is handling production in more than 50 deep water blocks in the country, which are mostly in KG, Mahanadi and Bengal basins.
		ONGC had kick started deep water exploration in Kutch in 2003-04 and over invested Rs 1500 crore (Rs 15 billion) in this region.
		Now, ONGC is looking to restart the exploration with the assistance of BP, they said.
	ia.rediff.com /money/2005/dec/27bp.htm?q=bp&file=.htm (431 words)

	BS Online News
		ONGC's MoU with Karnataka government for the Mangalore project "was signed not only without approval of the government/board but also against the specific advice of the ministry," said a Petroleum Ministry note on the subject.
		At Mangalore, ONGC plans to set up a Rs 5000 crore LNG jetty and re-gasification terminal of 10 million tonnes capacity, a Rs 1100 crore c2-c3 recovery plant, Rs 9000 crore basic petrochemical complex, a Rs 4624 crore 1,445 mw power plant and Rs 2000 crore in laying pipelines for transporting gas.
		The ministry note said the commitments made in the ONGC MoU with Karnataka government should be honoured by the oil industry.
	www.business-standard.com /bsonline/storypage.php?bKeyFlag=BO&autono=9972 (396 words)

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