ONGC to start drilling for oil off Kochi coast

October 12th, 2009 NEW DELHI - State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the oil blocks receiving bids. If ONGC is getting those blocks, then they should find resources to meet their commitments, said Petroleum Secretary R.S.

October 1st, 2009 NEW DELHI - The overseas investment arm of state-run Oil and Natural Gas Corp (ONGC) has secured the government's nod for an additional investment of $149.46 million in a gas block in Vietnam, as part of India's quest for energy security. The permission was given by the Cabinet Committee on Economic Affairs during a meeting here Thursday presided over by Prime Minister Manmohan Singh, officials said.

August 2nd, 2009 KOCHI - Oil and Natural Gas Corporation Limited (ONGC) on Sunday started a major oil exploration drill off Kochi coast, which could give a major boost to Kerala's industrial prospects. The top officials visited the site with the help of helicopters, where ONGC Chairman and Managing Director, R S Sharma, formally launched the drill with a traditional coconut-cracking ceremony.

August 2nd, 2009 KOCHI - The Oil and Natural Gas Corporation (ONGC) is all set to start a major oil drilling off Kochi coast from today. Most of the preliminary exploratory drilling confirmed the presence of hydro-carbon, carbohydrate and other chemicals.

July 23rd, 2009 MUMBAI - The net profit of state-run energy major Oil and Natural Gas Corp (ONGC) dipped for the fourth consecutive quarter, declining 27 percent to Rs.4,847.92 crore (about Rs.48.48 billion) for the quarter ending June 30 owing to lower oil prices. ONGC had logged a revenue of Rs.6,636.33 crore (Rs.66.37 billion) in the corresponding quarter the previous fiscal.

May 10th, 2009 Exxon begins drilling at Point Thomson in AlaskaANCHORAGE, Alaska — Exxon Mobil says it has begun drilling at Alaska's Point Thomson oil and gas field. Patrick McGinn, a company spokesman, says drilling operations were launched Friday.

May 10th, 2009 Exxon begins drilling at Point ThomsonANCHORAGE, Alaska — Exxon Mobil says it has begun drilling at Alaska's Point Thomson oil and gas field. Patrick McGinn, a company spokesman, says drilling operations were launched Friday.

March 31st, 2009 KOCHI - Emirates Airlines Tuesday announced a 'companion offer' that extends a complimentary return ticket in the same class for a companion for a passenger travelling from here to Dubai. In a press statement, the airlines said the offer was valid on flights EK533 departing from Kochi 4.20 a.m.

March 25th, 2009 KOCHI - ICICI Securities Wednesday launched active trader service (ATS), an offline trading platform, in Kochi. The ATS offers specialised research and personalised services with the aid of latest technology and infrastructure to active traders.

March 20th, 2009 KOCHI - Queen Mary II, world's largest ocean liner, reached Kerala's Kochi coast on Wednesday. The liner is proving to be a visual-treat for the residents.

March 10th, 2009 SURAT - Oil and Natural Gas Corp (ONGC) will soon start drilling three exploration wells at a depth of 2,500 to 4,500 metres in the Gulf of Khambhat off northwest Gujarat, officials said. The company has got the clearance from the ministry of environment and forests Feb 22 to start drilling the wells in the CB-ONN-2004/1/2 blocks, they said.

February 6th, 2009 AHMEDABAD - The state-run oil producer Oil and Natural Gas Corp (ONGC) has discovered two new oil wells in Patan district in Gujarat, which have estimated oil reserves of over one million tonnes, an official said here Saturday. The oil find was made at a crucial time as the upstream major's Mehsana production unit in the state was witnessing fall in output, said the official, who did not want to be identified.

January 11th, 2009 NEW DELHI - India's ONGC Videsh may buy a stake of up to 40 percent in an oil block in Kazakhstan, an oil ministry official said Monday. ONGC Videsh, the overseas arm of state-run explorer Oil and Natural Gas Corp., may get a share of 30-40 percent in the Satpayev block in the oil and mineral resources rich Central Asian country, the official official said.

January 11th, 2009 NEW DELHI - Oil and Natural Gas Corp (ONGC) is set to invest over $600 million for the development of assets of Imperial Energy, in addition to its acquisition price of $2.1 billion, said a company official Monday. ONGC acquired Imperial Energy after more than 97 percent of its shareholders had approved the deal last December.

January 5th, 2009 AGARTALA - India's premier hydrocarbons exploration company, Oil and Natural Gas Corp (ONGC), has undertaken a Rs.43.76-billion project in Tripura to boost gas output, the company said here Tuesday. 'The investment proposal has been approved to produce and supply six million cubic metres gas per day from the state's gasfields,' ONGC executive director Biplab Guha told reporters.