New Delhi, June 21 (IANS) The Oil and Natural Gas Corp (ONGC) is bullish on its natural gas production, which is expected to clock an annual growth of 7 to 8 per cent with new wells scheduled to go on stream during the next financial year, Chairman Arun Kumar Singh has said.Singh said that ‘new well gas’ production is rising sharply and already accounts for about a quarter of total gas output, and could reach 30-36 per cent in the near term and eventually dominate ONGC’s gas portfolio as mature …
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New Delhi, Jan 5 (IANS): Upstream public sector giant Oil and Natural Gas Corporation Limited (ONGC) on Monday signed joint venture agreements with Japan’s Mitsui O.S.K. Lines Ltd. (MOL) for a 50 per cent stake each in two joint venture entities — Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, registered in Gift City at Gujarat’s Gandhinagar.”The Maharatna company will subscribe to 2,00,000 equity shares, of Rs 100 per share, in each of the joint venture …