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Government of India >  Public Sector Undertakings (PSUs) > Oil and Natural Gas Corporation Limited (ONGC)
Oil and Natural Gas Corporation Limited (ONGC)
A modest entity in the serene Himalayan settings - Oil and Natural Gas Corporation Limited (ONGC) was set up as a Commission on August 14, 1956. The company became a corporate on June 23, 1993, which has now grown into a full-fledged horizontally integrated petroleum company. Today, ONGC is a flagship public sector enterprise and India's highest profit making corporate, achieving the record of being the first Indian corporate to register a five digit profit figure of Rs. 10,529 Crore in the year 2002-03.
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Registered Office:Oil and Natural Gas Corporation Limited (ONGC)
Jeevan Bharathi, Tower-II
Indira Chowk
New Delhi, DH, 110001
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Delhi Office:Oil and Natural Gas Corporation Limited (ONGC), Jeevan Bharti
Jeevan Bharti, Tower-11, 124
Indira Chowk
Delhi, DH, 110001
Phone : +91-11-23310156
Head Office:Oil and Natural Gas Corporation Limited (ONGC)
Tel Bhavan
Dehradun, DN, 248003
Phone : +91-135-2759561
Fax : +91-135-2752161
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ONGC, Cairn bid for 41 out of 56 oil and gas blocks
Posted on 15th November 2017
State-owned ONGC and Vedanta Ltd on Wednesday emerged as the biggest bidders for oil and gas blocks, putting in 41 out of 56 bids received in India's maiden auction under open acreage licensing regime.

Oil and Natural Gas Corp (ONGC) put in expression of interest for 41 areas while Vedanta's oil unit, Cairn India sought rights over 15 areas, sources privy to the development said. Read More


ONGC says will resist Centre’s move to hand over 11 discovered fields to private operators
Posted on 14th November 2017
The State-run ONGC has said it will resist the government’s reported move to hand over its 11 “discovered” hydrocarbon fields to private operators for their expeditious development. The fields, where hydrocarbon deposits were found before 1999, were given to ONGC on a nomination basis. Fellow PSU Oil India also holds four such fields and these too are under threat of being transferred to private firms via auction. “Obviously we will defend (auctioning off the assets to private firms),” said an ONGC executive, asking not to be named. But the executive clarified that no official information about transfer of fields has been communicated to the company. OIL officials could not be contacted immediately. Read More

ONGC yet to arrive at valuation for HPCL
Posted on 13th November 2017
Oil and Natural Gas Corporation Ltd (ONGC) is not yet clear about the valuation of Hindustan Petroleum Corporation Ltd (HPCL), the oil marketing company it expects to acquire by around March next year.

The country's largest driller is working independently to arrive at a fair price for the deal. Read More


ONGC, Oil India gain up to 3% as oil prices rule at highest since 2015
Posted on 7th November 2017
Shares of state-owned oil exploration & production companies – Oil and Natural Gas Corporation (ONGC) and Oil India – rallied up to 3.5% on the BSE in early morning trade on rising crude oil prices.

“Oil prices rose 3% on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten,” the Reuters report suggests. Read More


Govt to give 60% stake in ONGC fields to private firms
Posted on 6th November 2017
Nearly 25 years after ONGC's prime discovered oilfields were privatised, the oil ministry has identified 11 more producing oil and gas fields of the state-run firm for handing over to private firms to raise output.

The ministry is approaching the Cabinet to allow private companies take 60 per cent stake in producing oil and gas fields of national oil companies, ONGC and OIL, with the view that they would raise production above the baseline estimate. Read More

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