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Oil and Natural Gas Corp News
Oil and Natural Gas Corp
ONGC says may break even after gas price hike
Sat, Sep 29, 2018
State-owned Oil and Natural Gas Corp (ONGC) will barely break even at the new natural gas price that will come into effect from October 1, its Chairman and Managing Director Shashi Shanker has said.
ONGC pushes back KG gas production target date to end 2019; oil delayed by a yr
Sun, Jul 08, 2018
When ONGC Board had on March 28, 2016, approved investing USD 5.07 billion in bringing to production a cluster of discoveries in Bay of Bengal block KG-DWN-98/2 or KG-D5, the first gas was targeted for June 2019 and first oil was to flow by March 2020.
OVL drops plan to build LNG export facility in Iran
Sun, Feb 25, 2018
ONGC Videsh Ltd has shelved plans to build a USD 5 billion LNG export facility in Iran and has instead opted to only invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an official said. OVL, the overseas arm of state-owned Oil and Natural Gas
OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million
Sun, Feb 11, 2018
The contract for the oilfield in Lower Zakum Concession was signed in Abu Dhabi last evening in the presence of Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan
ONGC borrows Rs 4K cr from ICICI Bank for buying HPCL
Wed, Jan 24, 2018
The company is likely to sign-up more loan agreements to pay Rs 36,915 crore to the government before the month-end.
ONGC stock jumps 6% on 51.11% stake acquisition in HPCL
Mon, Jan 22, 2018
Shares of ONGC today opened on a bullish note at Rs 199, then surged 6.40 per cent to an early high of Rs 206 on the BSE.
Privatise ONGC, selling 18% can fetch Rs 41,000 crore
Sun, Dec 03, 2017
Selling just 18% out of the government's 68.07% shareholding in Oil and Natural Gas Corp (ONGC) will fetch over Rs 41,000 crore at current market price, many times more than the investment commitment it may get from giving away 60% in 11 identified oil and gas fields of the company, they said.
ONGC wants higher gas price to produce KG, Kutch discoveries
Sun, Nov 26, 2017
Gas discoveries in shallow sea off Andhra Pradesh on the east, and off Gujarat on the west are economically unviable to produce at the current government-mandated price of $2.89 per million British thermal unit, a senior company official said.
ONGC plans to raise oil output by 4 million tonnes by 2020
Sun, Oct 22, 2017
ONGC has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Narendra Modi's target of cutting India's import dependence by 10 per cent, Chairman Shashi Shanker has said.
Natural gas may be included in GST, to benefit ONGC
Tue, Jun 27, 2017
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
HPCL, ONGC Q4 preview: Spike in crude prices, decline in GRM to play role?
Fri, May 26, 2017
Performance of oil companies in Q4, is expected to revolve around the strengthening of crude prices and decline in Singapore complex GRM that took place during January – March 2017 period.