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Energy News Monitor | Volume XVII; Issue 51 orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.
ONGC open to tie-ups for prospecting new basins, flags critical issues on recast Top Searches ONGC open to tie-ups for prospecting new basins, flags critical issues on recast Sanjay Dutta / TNN / Updated: Apr 29, 2021, 10:25 IST FacebookTwitterLinkedinEMail NEW DELHI: Days after the oil ministry sought a response to a plan to carve up ONGC’s functional sections into a separate company and sell stake in major producing fields, India s largest state-run explorer has said it is eyeing foreign partnerships for prospecting in unexplored basins but critical issues needed to be addressed before looking at changing the company’s structure. “The government has been continuously encouraging ONGC to play a much larger role in the context of India’s oil and gas sector,” contrary to the impression conveyed by the ministry’s communication, the company said in a statement on Wednesday. ....
ONGC says want foreign partners in new fields SECTIONS Last Updated: Apr 28, 2021, 06:37 PM IST Share Synopsis ONGC is also looking into strategic relationships and close alliances with key international players through (overseas arm) ONGC Videsh, the company said in a statement. Intention is to invite foreign participation to explore Category-II and Category-III basins which match size and scale of expectations and portfolio of these large players. Agencies The ONGC board approved Energy Strategy 2040 in April 2019 that outlines strategic growth initiatives across the energy value-chain. India s flagship oil and gas producer ONGC on Wednesday said it is seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure. ....
ONGC says want foreign partners in new fields freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.