Oil and Natural Gas Corporation plans to establish its own captive communication system for its Western Offshore operations.

Oil and Natural Gas Corporation has come up as a chief earner on the Sensex Oil & Gas index.

Oil and Natural Gas Corporation announced on Tuesday that it has explored 28 oil and gas mines, which includes in the productive Krishna Godavari basin in the previous economic year but did not place preserve quantity to the findings.

Reportedly, Reliance Industries and ONGC are likely to compete for obtaining Addax Petroleum.

Oil and Natural Gas Corporation has formed a relationship branch in Dimapur in Nagaland state in a proposal to begin exploration activities again in the insurgency-led state.

95757 shares traded on BSE in the counter.

Oil and Natural Gas Corporation has declared that it is planning to invest in the Cairn India’s Rajasthan oilfields for nearly $1 billion.

State-led Oil and Natural Gas Corporation will devote Rs.6,000 crore in latest and present fields in this economic year to increase production.

Oil and Natural Gas Corporation presently trades at Rs.849.80, which is lower by 6.70 points from its last close of Rs.856.50 on the Sensex.

Oil and Natural Gas Corporation is expected to witness its natural gas production increasing to an unsurpassed up of 66 mcm per day in 2012 to13 as it gets more latest fields into productions to counteract loss in old ones.