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Oil and Natural Gas Corp (ONGC) News
Oil and Natural Gas Corp (ONGC)
OVL makes oil discovery in Colombia
Sat, Jan 05, 2019
"Currently, the well is under Short-Term Testing with multi-bean study for further evaluation," it said.
ONGC on hotbed, touches new low on clarification over OALP-1 contracts; share down 15%, all details here
Fri, Oct 05, 2018
Reportedly, mining mogul Anil Agarwal-led Vedanta Ltd walked off with 41 out of 55 oil and gas exploration blocks offered in OALP-1, contracts for which were signed at a function on 1st Oct. State-owned Oil India Ltd won nine blocks, while Oil and Natural Gas Corp managed to win just two.
Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues
Fri, Aug 17, 2018
OVL, the foreign acquisition unit of Oil and Natural Gas Corp`s (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.
India's oil import bill to jump by $26 bn on rupee woes
Thu, Aug 16, 2018
The rupee has been among the worst performing currencies in Asia, witnessing 8.6 per cent slump this year.
ONGC to bar key executives from flying together in choppers
Sun, Mar 11, 2018
ONGC lost five key operational personnel when a Pawan Hans helicopter crashed in the Arabian Sea in January
ONGC profit up 15% on higher prices
Fri, Feb 09, 2018
The net profit in the October-December quarter of the current financial year was at Rs 5,014.67 crore
RIL faces over $1 billion fine for ONGC gas migration issue
Tue, Nov 01, 2016
Mukesh Ambani led Reliance Industries Ltd (RIL) and its foreign partners Niko Resources are alleged to have migrated gas from Oil and Natural Gas Corporation (ONGC)’s block in the Krishan-Godavari basin and will be fined nearly $1.2 billion.
ONGC net profit rises by 6% to Rs 4975 crore; announces bonus issue
Thu, Oct 27, 2016
State-owned ONGC reported net profit of Rs 4974.92 crore for the second quarter ended September 30, 2016 (Q1FY17), registering growth of 6.27% year-on-year and 17.53% rise on quarter-on-quarter (qoq) basis.
Top nine cos add Rs 30,034 crore in market valuation
Sun, Oct 23, 2016
Nine of the 10 most valued Indian companies together added Rs 30,034.14 crore to their market valuation last week, with IT major TCS topping the chart.
ONGC signs pact to buy stake in GSPC's KG basin block
Sun, Oct 09, 2016
GSPC began trial production of a very small volume of gas from August 4, 2014 but has not yet reached commercial production.
After Delhi, CNG and PNG to cost less in Mumbai from today
Mon, Oct 03, 2016
The gas price was last cut on April 1 from $3.82 per mmBtu to $3.06 per mmBtu.
ONGC board split on claiming Rs 11,000 crore compensation from RIL
Tue, Sep 27, 2016
The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.
ONGC overseas arm slapped with service tax demand of Rs 6,100 crore
Tue, Sep 20, 2016
OVL however has contended that service tax is not payable and is contesting the same legally.
ONGC records 21% decline in net profit to Rs 4233 crore
Wed, Sep 07, 2016
On segment wise revenue break-up, the offshore business was at Rs 12,542.65 crore, declining by 22.26% yoy, while onshore was at Rs 5242.10 crore, down by 19.26% yoy.
ONGC-RIL gas dispute: How it all started
Thu, Sep 01, 2016
The report directed Mukesh Ambani-led company to pay compensation for making "unjust" gains by pumping gas from the adjacent block.
ONGC to invest Rs 823 crore for gas development
Sun, Aug 14, 2016
ONGC also operates North Karanpura block and Raniganj North CBM block in West Bengal.
Cairn’s production sharing agreement to get an extension?
Mon, Jun 13, 2016
Sources in the petroleum ministry said that Cairn India and ONGC have reached a resolution on the PSC. “Cairn India may get a 10-year extension post 2020,” they said.
ONGC Videsh completes $1.3 billion stake acquisition in Russian field
Tue, May 31, 2016
The field, which has recoverable reserves of 2.5 billion barrels, will give OVL 3.3 million tonnes per annum of oil production.
GSPC's Rs 19,500-crore loan to turn bad if ONGC doesn't buy stake
Sun, May 29, 2016
State-owned ONGC is mulling buying majority stake in GSPC's Krishna Godavari basin gas block which will help prevent the Gujarat government firm's Rs 19,500 crore loan from turning into an NPA.
Indian Oil 2nd most profitable PSU; posts Rs 10,399 crore profit in FY16
Fri, May 27, 2016
Turnover, dipped 11.4% to Rs 450,738 crore on back of drop in oil prices.