ONGC

India’s ONGC starts production from its 5th oil well in KG basin in Krishna River

The production was initiated using a floating production, storage, and offloading (FPSO) vessel, which facilitates the transport and sale of associated gas. ONGC has also emphasised its commitment to achieving zero gas flaring, aligning with its environmental goals.

ONGC reports staggering 142.4% surge in Q2 net profit, decline in revenue

The Oil and Natural Gas Corporation Limited (ONGC), a state-run petroleum giant, announced a remarkable 142.4 per cent increase in consolidated net profit, reaching Rs 16,553 crore in the second quarter of the financial year 2023-24. This significant surge compares to a profit of Rs 6,830 crore in the corresponding period last year. However, the […]