Oil and Natural Gas Corporation (ONGC) inked a Memorandum of Understanding (MoU) with NTPC Green Energy Limited (NGEL) to realize its Renewable energy objectives towards energy transition on September 27, 2023. The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains.
In September 2023, ONGC inked the Crude Oil Sales Agreement (COSA) with Mangalore Refinery and Petrochemicals Limited (MRPL) which is the largest single-location PSU refinery in the country.
ONGC has aligned itself with India's ambitious goals and is wholeheartedly contributing to the nation's aim to curtail carbon emissions by one billion tonne and simultaneously reduce carbon intensity by 45% by 2030.
(ONGC) has moved up an impressive 32 places to claim the 158th spot in the 2023 edition of the prestigious Fortune Global 500 rankings.
ONGC has entered into a term contract with Bharat Petroleum Corporation Limited (BPCL) for the sale of crude oil from the Mumbai region, cementing the strong partnership between the two esteemed companies.
Oil and Natural Gas Corporation Limited (ONGC) contributed Rs. 100 crore (US$ 12.2 million) to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) on March 31, 2023.
ONGC Videsh Limited signed a Memorandum of Understanding (MoU) on February 7, 2023, with Yacimientos Petroliferos Fiscales, Sociedad Anonima (YPF SA), Argentina on the sidelines of the maiden India Energy Week 2023, held in Bangalore. The MoU seeks to enhance cooperation between the two companies in the energy sector, including but not limited to cooperation in the areas of exploration and development of upstream oil and gas opportunities, promoting investment and cooperation, and forge closer ties between research and training centres.
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