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Tag: Tag: ONGC

ONGC starts production from fifth oil well in Krishna Godavari Basin

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ONGC starts production from fifth oil well in Krishna Godavari Basin

Oil and Natural Gas Company (ONGC) has started production of its fifth oil well in the KG-DWN-98/2 block. What happened: The company made the announcement in a stock exchange filing on Sunday. “On August 24, 2024, ONGC achieved a significant milestone by commencing production from its fifth oil well in Block KG-DWN-98/2 Cluster-2,” the company […]

Brokerages are positive on ONGC after government hiked premiums for new gas wells

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Brokerages are positive on ONGC after government hiked premiums for new gas wells

The brokerage houses remained positive about Oil and natural gas company (ONGC) after the government announced higher premiums for new gas sources. What happened: ONGC said on Monday that the Ministry of Petroleum and Natural Gas had announced a 20% premium on gas produced from new wells or interventions. Previously, the domestic gas price (APM) […]