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Which one is better ONGC or Iocl?
NEW DELHI: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. It has now been unseated as the most profitable PSU by IOC. In the previous 2015-16 fiscal, IOC had a net profit of Rs 11,242.23 crore as compared to ONGC’s Rs 16,140 crore.
What is the future of ONGC?
It recently adopted Energy Strategy 2040, which, as CMD Shashi Shanker stated in the annual report, “envisions ONGC as a diversified energy company with strong contribution from non-E&P businesses; 3x revenues and 5-6x market capitalisation.” Shanker further stated that Strategy 2040 aims to transform ONGC into a …
What should I study to get job in ONGC?
Post-wise eligibility
| Post and role | Essential Qualification | GATE Subject |
|---|---|---|
| AEE (Reservoir) | Post Graduate Degree in Petroleum Technology with minimum 60\% marks (Must have Mathematics / Physics at B.Sc. level) | Petroleum Engineering (PE) |
| Graduate Degree in Chemical Engineering with minimum 60\% marks | Chemical Engineering (CH) |
What is the business model of ONGC?
The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas.
What is ONGC doing to boost oil production in India?
Constant efforts by ONGC, one of the leading upstream petroleum companies in India, on the production front have yielded meaningful results. Standalone domestic output from the ONGC-operated fields during the year stood at 22.25 MMT, living up to its title of the largest crude oil producer in India.
What is ONGC’s Energy Strategy 2040?
Through Energy Strategy 2040, ONGC has set a target to double its Oil and Gas production from its domestic, as well as overseas fields by the year 2040. ONGC also plans to expand its refining capacity three-fold alongside diversification into renewables.
How will ONGC’s offshore natural gas discoveries be used?
State-owned Oil and Natural Gas Corp (ONGC) has over a dozen natural gas discoveries, which it plans to put them to production in phases. Gas from offshore is to be brought from where it is to be taken to users through existing gas transporters.
What is ONGC doing to enhance hydrocarbon reservoir characterization in ONGC?
In pursuit of enhancing hydrocarbon ONGC makes constant efforts to induct state-of-the-art technology for higher precision and real time data acquisition in reservoir characterization. The recent endeavour is the deployment of wireless Surface read out technology during the Drill Stem Testing Operation in Well WO-24#3.