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India s ONGC to Form Unit for Gas Biz Feb 15, 2021 3:32:am Summary by: Shardul Sharma Posted in: India s ONGC to Form Unit for Gas Biz Indian state-run oil and gas explorer ONGC will form a subsidiary to focus on gas and LNG business, it said in a February 13 statement. “Board has approved the creation of a new wholly-owned subsidiary company for focusing on gas and LNG business value chain subject to necessary approvals,” it said. The company is being formed with the objective of sourcing, marketing and trading of natural gas, LNG business, hydrogen-enriched CNG (HCNG), gas to power business, bioenergy/bio-gas/bio methane/other bio fuels business, etc.” ....
Read more about ONGC Q3 PAT skids 31% to Rs 3,764 cr on Business Standard. On a consolidated basis, ONGC s net profit dropped 31.06% to Rs 3,763.53 crore on 8.38% fall in revenue from operations at Rs 1,00,288.83 crore in Q3 December 2020 over Q3 December 2019. ....
Far Strikes Senegal Sale Deal with Woodside Jan 20, 2021 1:05:pm Summary by: Joe Murphy Far Ltd has signed a sales and purchase agreement to transfer its interests in Senegal to fellow Australian explorer Woodside Energy, the compan. Posted in: ....
Valued between Rs 2500 cr to Rs 5000 crL&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has secured a Contract from Oil & Natural Gas Corporation (ONGC) for their new Living Quarter (LQ) Et Revamp at NQ Complex (NLRNC-RT2) Project. The EPCIC contract involves Engineering, Procurement, Construction, Installation and Commissioning of a new living quarter platform, NQL Platform of 120 men capacity, bridge (with intermediate support) to existing NQO Complex and major revamping / replacement of existing process systems / facilities at NQ Complex in ONGC s Mumbai High Asset on the West Coast of India. The above contract has been awarded through international competitive bidding on a Lump ....
L&T gained 2.05% to Rs 1340.55 after the company s subsidiary L&T Hydrocarbon Engineering won a large offshore contract from ONGC for their new living quarter and revamp at NQ Complex. The contract involves engineering, procurement, construction, installation and commissioning of a new living quarter platform, NQL Platform of 120 men capacity, bridge (with intermediate support) to existing NQO Complex and major revamping / replacement of existing process systems / facilities at NQ Complex in ONGC s Mumbai High Asset on the West Coast of India. The above contract was awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis. As per L&T s classification, the value of the contract lies between Rs 2,500 and Rs 5,000 crore. ....