Oil and Natural Gas Corporation Ltd. (ONGC) has secured United Nations registration for its 4th Clean Development Mechanism (CDM) project. ONGC is expected to earn a Green Revenue of Rs. 7.7 million for this Project, thanks to the Certified Emission Reduction (CER) points that would accrue for the next 10 years.

ONGC Petro-additions Limited (OPaL) has entered into a Memorandum of Understanding (MoU) with Gujarat-based Torrent Energy Limited, for supply of bulk power by Torrent to ONGC Petro-additions Ltd. (OPaL).

ONGC has successfully placed its Offshore Package Insurance Policy, one of the largest insurance policies obtained by any Indian company, at an annual gross premium of approximately US$ 29.025 Million, exclusive of Service Tax. ONGC has been able to maintain the insurance premium of the Policy for this Policy year 2008-09 (11th May 2008 to 10th May 2009) at almost the same gross premium as last year despite an overall upward revision of around 32% in the insured asset value, from US$ 15.89 Billion to US$ 21 Billion.

New Delhi, 7th May 2008. Mangalore Refinery & Petrochemicals Ltd, an ONGC Group Company and a Mini Ratna I, announced its audited results for Q4 and for Financial Year 2007-08., recording scorching growth and setting benchmarks in performance.

Oil & Natural Gas Corporation Ltd. (ONGC) has topped the charts in prevention of accidents. The oil major bagged all the twelve National Mines Safety awards for the three years 2004, 2005 and 2006 in Oil Mine category.

The Board of Directors of ONGC held its 178th board meeting at Dehradun Headquarters on 3rd May 2008. The following important business was transacted in the board meeting.

India's national helicopter company Pawan Hans Helicopters Ltd. (PHHL) has paid an Interim dividend of Rs. 2.45 crore (10 per cent) to Oil and Natural Gas Corporation Ltd. (ONGC) for the fiscal 2007-08 (FY-08). The interim dividend cheque was formally handed over to ONGC CMD Mr. R S Sharma by PHHL CMD Mr. R K Tyagi in the former’s office in New Delhi on 17th April 2008.

In its 177th meeting held on Saturday - April 05, 2008, the Board of Oil and Natural Gas Corporation Ltd. (ONGC) took note of the following physical performance (provisional) of ONGC Group Companies during the Financial Year 2007-08:

Mangalore, 4th April 2008. Credit rating agency, ICRA reaffirmed the Issuer Rating of ‘Ir AAA’ assigned to Mangalore Refinery and Petrochemicals (MRPL), the ONGC Group Company and a mini ratna I, certifying that MRPL carries lowest credit risk.

Oil and Natural Gas Corporation Ltd. (ONGC) has taken concrete steps to enhance its inhouse capability on Oil Spill response. The Indian oil major, recognized as India’s Greenest Company, has worked out a strategy to strengthen its oil spill response capability and enhance preparedness to respond to any contingency, after consultations with United Kingdom’s Oil Spill Response and East Asia Response Limited (OSRL) recently.

Shri R Rajamani, Managing Director of Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna company and an ONGC group company, took over as the Chairman of the recently formed Joint Venture with Shell India (P) Ltd named ‘Shell-MRPL Aviation Fuel Services Private Limited'. Other Directors on the Board of the Company are Shri Vikram Mehta, Chairman, Shell Group of Companies in India, Shri L K Gupta, Director (Finance), MRPL, and Mr. Richard Jory, GM, Shell Aviation.

ONGC signs MoU with Ministry for 2008-09

ONGC would be signing the annual MOU with the Government of India on 26th March for the year 2008-09. Prior to this, the holding company will have to sign performance contracts with its subsidiaries.

ONGC’s subsidiary Mangalore Refinery & Petrochemicals Ltd. (MRPL) signed a Performance Contract with its principal for 2008-09. The Performance Contract was signed by ONGC’s CMD Mr. R S Sharma and MRPL’s Managing Director Mr. R Rajamani at ONGC’s office at New Delhi on 18th March 2008.

ONGC Videsh Ltd (OVL) signed Concession Agreements with the Agência Nacional do Petróleo ("ANP"), the regulatory agency of Brazil, on March 12, 2008 for two exploratory blocks in a grand ceremony held at Rio De Janeiro, Brazil.

1.0 ONGC notifies four discoveries in a month (21st Jan to 24th Feb 2008)

With an initial outlay of Rs 60,000,00/- (Rupees sixty lakhs) MRPL will infuse new life into the city’s famous Kadri Park. Landscaping and beautification plans are underway; and once implemented MRPL will maintain the premises for 5 years, extendable to 10.

The ONGC Women Polytechnic in Dehradun, also called the B S Negi Mahila Pravidhik Prashikshan Sansthan, has received four awards recently, due to its social notable welfare activities and excellent academic records.

Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna company and an ONGC group company, today signed the Joint Venture Shareholders agreement with Shell.

Oil and Natural Gas Corporation Ltd. (ONGC) secured the ‘Jury’s Special Appreciation Award’ under the Employer Branding Awards 2007-08. The award came ONGC’s way as a special tribute from the high-powered Jury who considered ONGC as “the only organization among PSUs that is considered an Employer Brand”.

New Delhi, January 21st 2008. Shell Aviation and Mangalore Refinery and Petrochemicals Limited (MRPL), an ONGC Group Company and a Mini Ratna I, today announced a landmark agreement to enter into an exclusive joint venture to market and supply aviation fuel, initially at two Indian airports, Bangalore and Hyderabad and later on at other Indian airports.

Mangalore Refinery & Petrochemicals Ltd., an ONGC Group Company and a Mini Ratna I, continues its upswing in performance by notching a net profit of Rs 347 crore, 194% above the corresponding previous quarter (Rs 118 crore) in 2006-07.

ONGC’s efforts towards sustainable development got another boost with the registration of the Oil major’s third Clean Development Mechanism (CDM) project with the United Nations Framework Convention for Climate Change (UNFCCC) on 21st December 2007.