Oil and Natural Gas Corp

ONGC, Reliance in talks with customers to sell east coast gas

ONGC, Reliance in talks with customers to sell east coast gas

The plan is to transport the gas from the east coast to the industrial heart belt of western India, an ONGC executive told Reuters.

Apr 11, 2018, 11:26 AM IST
ONGC says KG-D5 output delay due to policy changes

ONGC says KG-D5 output delay due to policy changes

The Union Cabinet in May 2017 approved a policy that will prefer sourcing of domestic iron and steel for infrastructure projects by state-owned companies in a bid to boost Make in India.

Feb 26, 2018, 14:28 PM IST
ONGC makes significant oil, gas discovery in Arabian Sea

ONGC makes significant oil, gas discovery in Arabian Sea

ONGC produced 25.5 million tonnes of oil in 2016-17, which will reach 28-29 million tonnes by 2019-20.

Jan 02, 2018, 10:06 AM IST
ONGC seeks shareholders' nod to raise $4 billion

ONGC seeks shareholders' nod to raise $4 billion

ONGC`s first debt issue in more than a decade would likely buy the government`s 51.1-percent stake in refining and marketing company Hindustan Petroleum Corp Ltd , company officials and analysts said.

Sep 04, 2017, 19:02 PM IST
ONGC to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

ONGC to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

A high-ranking delegation from India, the world`s third-biggest oil consumer, visited Israel last month to discuss taking part in the tender for blocks in the Mediterranean Sea and Israeli officials said they were pleased with the visit.

Sep 04, 2017, 17:14 PM IST
Government's demand for additional tax premature, Reliance Industries says

Government's demand for additional tax premature, Reliance Industries says

India sought $3 billion from the companies after an international tribunal upheld the government`s view that profit from the fields be taxed at the current rate of 33 percent and not the earlier 50 percent, the Economic Times newspaper reported on Tuesday.

Jul 18, 2017, 17:30 PM IST
Modi launches 75 cashless townships across 12 states

Modi launches 75 cashless townships across 12 states

Prime Minister Narendra Modi today launched 75 cashless/less-cash townships, with an overwhelming 56 of them being in Gujarat.

Apr 14, 2017, 20:43 PM IST
ONGC seeks gas price review; wants floor rate fixed at $4.2

ONGC seeks gas price review; wants floor rate fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

Mar 22, 2017, 15:35 PM IST
ONGC may acquire HPCL in $6.6 bn deal

ONGC may acquire HPCL in $6.6 bn deal

Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government`s plan to create an integrated public sector oil entity.

Feb 27, 2017, 09:51 AM IST
ONGC takes $239 million hit from royalty payments

ONGC takes $239 million hit from royalty payments

Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.

Feb 21, 2017, 23:13 PM IST
ONGC Videsh completes acquisition of 11% additional stake in Russian oil field Vankor

ONGC Videsh completes acquisition of 11% additional stake in Russian oil field Vankor

 ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has completed the acquisition of additional 11 percent interest in Russia's Vankor oilfield, taking its total stake to 26 percent.

Oct 31, 2016, 16:51 PM IST
ONGC's $5 billion investment plan not to impact its ratings: S&P

ONGC's $5 billion investment plan not to impact its ratings: S&P

Credit rating of state-owned Oil and Natural Gas Corp's (ONGC) will remain unaffected by its decision to invest USD 5 billion in KG basin oil and gas field, Standard & Poor's said today.

Mar 30, 2016, 16:42 PM IST
ONGC to invest $5 billion to develop KG basin oil and gas block

ONGC to invest $5 billion to develop KG basin oil and gas block

State-owned ONGC on Monday announced USD 5.07 billion investment in its KG basin oil and gas block but the delay on government's part in approving a higher gas price for difficult areas would mean the output would be delayed by one year to 2019-20

Mar 28, 2016, 18:02 PM IST

ONGC $500 million San Cristobal investment deal imminent

Venezuela`s state oil company PDVSA is about to clinch a deal for India`s Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company`s president said on Tuesday.

Feb 24, 2016, 09:58 AM IST
ONGC down nearly 3% as profit dips

ONGC down nearly 3% as profit dips

 Shares of Oil and Natural Gas Corp (ONGC) today fell by nearly 3 percent as the state-run firm reported a 11 per cent drop in September quarter net profit.

Nov 09, 2015, 12:54 PM IST

ONGC profit dips 11% on sharp fall in oil prices

Net profit in the July-September quarter at Rs 4,842.02 crore.

Nov 06, 2015, 18:35 PM IST

RIL regains top slot in Platts global ranking, elbows out ONGC

The company improved its overall ranking to 14 from 22 in 2014.

Oct 28, 2015, 16:51 PM IST

MRPL plans to set up LNG Terminal at Mangalore port

Mangalore Refinery and Petrochemicals (MRPL) will explore a possibility of setting up a fixed or landbased LNG import terminal at Mangalore port.

 

Oct 08, 2015, 14:15 PM IST
ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field

ONGC Videsh submits $10 bn proposal to Iran for Farzad-B gas field

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has submitted a USD 10 billion integrated proposal to Iran for developing the Farzad-B gas field in the Persian Gulf and shipping the gas to India.

Sep 15, 2015, 19:41 PM IST

ONGC gets one-year extension for Vietnam block

State-owned Oil and Natural Gas Corp (ONGC) today said it has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.

Aug 27, 2015, 16:03 PM IST