ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody's

ONGC and OIL get rates equivalent to those prevalent in the international markets. Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.

May 07, 2020, 18:23 PM IST

ONGC denies chemical leak from its Navi Mumbai plant, says 'smell of hydrocarbon spread due to incessant rains'

"ONGC Senior officers are present in the Uran plant. Interaction with the local villagers and administration is on to dispel the panic caused by hydrocarbon smell in the vicinity, which is spread due to heavy rains," tweeted ONGC.

Sep 25, 2019, 13:30 PM IST

ONGC sets up a euro medium-term note programme of $2 billion

An EMTN programme is an uncommitted facility and any drawdown thereof under this document will be subject to funding requirements.

Aug 29, 2019, 15:07 PM IST

Rolls Royce issues statement after FIR by CBI, says ‘won’t tolerate business misconduct’

The company has said that it will “not tolerate business misconduct of any sort”, adding that Rolls Royce is “committed to maintaining high ethical standards”.

Jul 31, 2019, 08:05 AM IST

CBI files FIR against Rolls Royce for alleged bribery to HAL, ONGC, GAIL officials

CBI in its FIR said Rolls Royce appointed Ashok Patni as commercial Advisor in lndia for bribing officials of HAL, ONGC and GAIL.

Jul 30, 2019, 18:32 PM IST

OVL, partners agree to invest $20 bn in Mozambique LNG project

The project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum. Feedgas will come from the Golfinho/Atum field in Offshore Area 1.

Jun 20, 2019, 10:39 AM IST

ONGC Q4 net drops 31% on drop in output, prices

Net profit in January-March at Rs 4,045 crore was 31.6 percent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year, the company said in a statement.

May 31, 2019, 10:59 AM IST

OVL FY19 net profit jumps 71% on rise in oil production

OVL is the unlisted overseas arm of ONGC and is not obligated to report quarterly earning numbers.

May 24, 2019, 12:54 PM IST

ONGC's Mumbai High, Vasai East came close to being sold, stopped after opposition

Besides the 9 fields, 149 marginal fields, that contribute about 5 per cent of the domestic production, were to be clustered and bid out.

Mar 15, 2019, 12:42 PM IST

ONGC net profit jumps 65% in Q3

Net profit in October-December 2018 at Rs 8,262.70 crore, or Rs 6.44 per share, was higher than Rs 5,014.67 crore, or Rs 3.91 a share, net earning in the same period of the previous fiscal, the company said in a statement.

Feb 15, 2019, 13:32 PM IST

ONGC says no demand from govt to reconsider OVL listing

ONGC Chairman and Managing Director Shashi Shanker said the company has communicated its views on the listing of OVL to the government.

Jan 03, 2019, 11:00 AM IST

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Dec 25, 2018, 11:54 AM IST

ONGC to buyback shares for Rs 4,022 crore

The government, which holds 65.64 percent stake in the company, stands to gain about Rs 2,640 crore from tendering some of its shares in the buyback programme.

Dec 21, 2018, 12:37 PM IST

Govt asks ONGC to list OVL on bourses

OVL, which is 100 percent owned by ONGC, has so far invested Rs 1.5 lakh crore (USD 28.36 billion) in 41 projects it has across 20 countries.

Aug 21, 2018, 17:08 PM IST

IOC most profitable PSU for 2nd year in a row; displaces ONGC

Oil and Natural Gas Corp (ONGC) yesterday reported its FY18 numbers - 11.4 percent rise in net profit to Rs 19,945 crore.

May 31, 2018, 17:21 PM IST

ONGC nominates one director on HPCL board; wants common govt director

ONGC, which had in January completed the acquisition of the government's 51.11 per cent stake in HPCL for Rs 36,915 crore, has appointed its Director (Finance) Subhash Kumar on the company board, sources said.

May 29, 2018, 14:53 PM IST

Government may levy windfall oil tax on ONGC to soften fuel prices

The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.

May 24, 2018, 13:22 PM IST

ONGC, OIL face risk of subsidy sharing: Moody's

ONGC and OIL, it said, have not contributed to fuel subsidies since June 2015, but have in previous years paid for over 40 per cent of the country's annual subsidy bill.

May 22, 2018, 17:44 PM IST

ONGC bids for 37 oil blocks, Cairn 55 in 1st OALP round

As many as 110 bids had been received, the Directorate General of Hydrocarbon (DGH) tweeted.

May 02, 2018, 13:44 PM IST

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