Oil & Natural Gas Corporation Ltd. (ONGC)

Overview

Oil and Natural Gas Corporation Limited (ONGC) is a significant player in the global energy sector, focusing on the exploration, development, and production of crude oil and natural gas. With operations spanning both within India and internationally, ONGC has established itself as a crucial entity in strengthening energy security and fostering socio-economic development. The company is strategically divided into two main segments: Exploration and Production, and Refining & Marketing, allowing for focused expertise and operational efficiency in each domain. Established in 1993 and headquartered in New Delhi, India, ONGC has continuously expanded its portfolio to include a diverse range of energy products and services, marking its presence as an integrated energy company on the world stage.

Products and Services

• Crude Oil and Natural Gas Exploration and Production: At the core of ONGC's operations is the exploration for and production of crude oil and natural gas, facilitating a stable energy supply domestically and internationally.
• Refining and Marketing of Petroleum Products: Beyond extraction, ONGC refines crude oil into a variety of petroleum products, engaging in the marketing and distribution of these commodities, including gasoline, diesel, and aviation fuel.
• Transportation of Oil and Natural Gas: The company also plays a vital role in the transportation sector, ensuring the safe and efficient delivery of oil and natural gas across different regions.
• Production of Value-Added Products:
  • Liquefied Petroleum Gas (LPG): Utilized primarily for cooking and heating, demonstrating ONGC's commitment to facilitating essential daily energy needs.
  • Naphtha: A crucial intermediate for the petrochemical industry, used in the production of plastics, fertilizers, and other chemicals.
  • Ethane/Propane: Essential feedstocks in the petrochemical industry for creating a wide range of consumer and industrial products.
  • Butane: Used as a fuel, a propellant, and as a feedstock in the production of synthetic rubber.
  • Kerosene Oil: Serves as a fuel in heating, lighting, and aviation, showcasing the company's diverse product range.
  • Low Sulphur Heavy Stock: Primarily used in the production of bitumen for road construction and roofing materials.
  • Aviation Turbine Fuel (ATF): Supplies the aviation industry with high-quality fuel, important for civil and defense aviation operations.
  • Mineral Turpentine Oil (MTO): Used as a solvent in the paints industry and for dry cleaning and degreasing purposes.
  • Diesel: A primary fuel for transportation, power generation, and industrial operations, emphasizing ONGC's role in supporting various sectors of the economy.
• Renewable Energy Generation:
  • Wind Power: With a total installed capacity of 153 MW, ONGC contributes to sustainable energy production and environmental conservation.
  • Solar Power: Boasting a total installed capacity of 36.52 MW, the company diversifies its energy portfolio by harnessing solar energy, reinforcing its commitment to renewable energy sources.
  • Geothermal Power: Engaging in the production of geothermal power highlights ONGC's venture into exploring alternative renewable energy resources.
• Carbon Credits: By participating in carbon credit trading, ONGC demonstrates its proactive approach in combating climate change and promoting eco-friendly initiatives.