Tuesday, 28 June, 2022

Topic: ONGC

ONGC chopper makes emergency landing near company rig in Arabian Sea, 4 rescued

The helicopter was carrying six ONGC personnel and landed using floaters attached to the chopper. Details on the circumstances of the emergency landing are still awaited.

2 options & a win-win — high crude prices can spell windfall gains of Rs 80,000 cr+ for govt

Windfall gains of Rs 84,400 crore-86,000 crore from higher crude prices could help the government bridge a shortfall that may occur in meeting its fiscal deficit target for 2022-23.

Corporate wars are common in India’s oil sector. But it all started with govt, ONGC, OIL

In ‘Unfilled Barrels’, journalist Richa Mishra recounts India's upstream journey in the oil sector from KD Malaviya to ONGC.

India to sell 1.5% stake in ONGC as Modi govt aims to raise Rs 3,000 crore from share sale

The floor price for the offer is set at Rs 159 apiece. The divestment comes after the govt deferred an IPO for the country’s largest insurer LIC to next year.

‘Against contract, law’: Why ONGC is urging SC to remove arbitrators who demanded ‘exorbitant’ fee

3 former judges who were arbitrating between ONGC & construction firm Afcons ‘unilaterally raised fees’ midway, according to the govt-run oil & gas major.

Modi govt hikes natural gas price by 62%, CNG, piped cooking gas rates may rise

The first price hike since April 2019 will also up the cost of generating electricity but it may not reflect in consumer bills as the share of power produced from gas is very low.

‘Meal of biscuits & water’, poorly paid, months at sea — life aboard ONGC barge that sank

An estimated 60 crew members have been left dead by the sinking of a barge off Mumbai during Cyclone Tauktae. As many as 186 have been rescued while 15 remain missing.

After ONGC barge crash, old question rises: Why is shipping regulator post held by IAS, IRS?

Post of Director General of Shipping is held by civil servants even though it is responsible for technically sensitive task of ensuring ‘safety of life and ships at sea’.

Under fire over cyclone deaths, ONGC is running without 2 top officials, including its CMD

The post of CMD and Director-Offshore at ONGC were advertised for last year, nearly a year before the vacancies arose. However, they are still vacant.

Barge that sank points to ONGC, shipping regulator’s callousness. Needs swift investigation

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On Camera


J.P.Singh, joint secretary (Pakistan, Afghanistan and Iran Division), MEA, meets Taliban's interim foreign minister Amir Khan Mottaki | Photo credit: Twitter/@QaharBalkhi

Hard-nosed, practical—why India has revived relations with Kabul, and why Taliban is welcoming

By protecting the Indian embassy in Kabul for the last ten months, the Taliban is sending a message to its neighbours and the rest of the world.

Central banks in Asia spend billions to bolster weakening currencies against rising US dollar

Learning from the 1997 Asian financial crisis, central banks have been accumulating dollars to help defend their currencies during periods of wild market swings.


The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.