ONGC

State-run Oil and Natural Gas Corporation (ONGC) has taken over operations and control of the disputed Cambay offshore block from Vedanta Oil & Gas Ltd following a Delhi High Court ruling, according to regulatory filings by the two companies. Vedanta Oil & Gas Ltd has recognised an impairment charge of about Rs 379 crore against assets and receivables linked to the block. The takeover of the CB-OS-02 block took effect on July 22, 2026, after the High Court's single-judge bench dismissed Vedanta's challenge to the government's decision not to extend the production-sharing contract, ONGC said in its quarterly filing. The block was operated by Vedanta, which held a 40 per cent participating interest; ONGC held 50 per cent, and Invenire Petrodyne Ltd had the remaining 10 per cent. The government, through a September 19, 2025, letter, declined to extend the contract and directed the operator to hand over the block to ONGC. Vedanta challenged the decision before the Delhi High Court

Elevated crude prices and attractive valuations could support ONGC shares, though declining production, delayed projects and rising exploration costs remain key concerns

Revenue from operations rises to ₹43,875 crore in Q2FY27, while first-half profit nearly doubles year-on-year

The ACC has approved Sunil Kumar's appointment as ONGC chairman for a combined three-year tenure starting December 7, 2026. He will succeed Arun Singh, who took charge in 2022

The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised

Power Grid, NMDC, IREDA, IRFC, RCF, RVNL, SJVN and Mazagon Dock Shipbuilders hit 52-week lows on the BSE in Thursday's intraday deals.

The foreign institutional investors remained net sellers for the fifth consecutive session, offloading equities worth more than ₹10,148 crore on Wednesday, September 30, 2026.

Ajit Mishra reckons that the near-term structure of the market remains weak. The analyst sees strength in Engineers India, and weakness in ONGC on charts.

Oil output from flagship KG-DWN-98/2 has slipped to around 20,000 bpd against a 45,000-bpd peak target, with complex reservoir geology posing a challenge to sustaining production

ONGC on Monday announced that it made the discovery on September 18 at the MN-DW18-1-H-D well, which was drilled to a target depth of 1,623 metres

The SC set aside a Bombay HC order holding ONGC liable for gratuity to workers engaged through a contractor, saying the Controlling Authority could only compute gratuity payable to an employee

Brent Crude oil last traded above the $100 mark on May 25, 2026, before Wednesday; since then select stocks from the Nifty Oil & Gas index soared up to 82%, while two declined over 10%, shows data.

Larsen and Toubro (L&T) on Wednesday said it has secured a large order from state-owned ONGC in India. According to the company's classification, a large order is valued between Rs 2,500 crore and Rs 5,000 crore. "L&T Energy Hydrocarbon Offshore has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of RatnaI (ADR I) and NLM-14 project off India's west coast," L&T said in an exchange filing. The project involves engineering, procurement, construction, installation and commissioning of three new wellhead platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations.

ONGC Chairman and CEO Arun Kumar Singh says India must focus limited resources on technologies that address immediate and strategic energy requirements

State-run explorer plans to drill 87 deep and ultra-deepwater wells over five years as it seeks to arrest declining domestic crude oil and natural gas production

State-owned Oil and Natural Gas Corporation (ONGC) is exploring the acquisition of deepwater drillships or formation of a joint venture to secure dedicated drilling capacity as it steps up efforts to accelerate offshore exploration to find oil and gas reserves under its Mission Samudra Manthan programme. ONGC has issued an Expression of Interest (EOI) to engage a specialist global offshore rig-broking consultant to identify potential drillship owners or counterparties, assess assets and valuations, and support the state explorer in negotiating a possible ownership or joint venture arrangement. The initiative is aimed at creating dedicated, priority-access deepwater drillship capacity, according to the EOI issued by ONGC. "ONGC is undertaking a structured capacity-creation programme to secure dedicated, priority-access deepwater drillship capacity in support of Mission Samudra Manthan. In view of the same, ONGC is exploring possibilities of ownership or JV model for Drillship ...

Stocks to watch today: RIL, Amber Enterprises, ONGC, Ather Energy, NMDC, Voltas, Patanjali Foods, EaseMyTrip, Cochin Shipyard, Jindal Stainless, Brigade Enterprises, among others, will be in focus.

State-owned Oil and Natural Gas Corp (ONGC) has secured a licence from the US Treasury's Office of Foreign Assets Control (OFAC), allowing it to resume full operations in Venezuela after years of limiting activity because of sanctions-related risks, a senior company official said. The US approval removes a key hurdle for ONGC's Venezuelan investments and could pave the way for the state-run explorer to expand production, sign new agreements and take over operatorship of some projects from Venezuela's state oil company PDVSA, Anupam Agarwal, director-finance at ONGC, said at an investor call post first quarter earnings announcement. "Now we have full freedom to work on the Venezuela project because earlier we were restricting our operations there because of the sanction-related risks. Those risks are behind us," Agarwal said. ONGC Videsh Ltd, the company's overseas investment arm, holds a 40 per cent interest in the San Cristobal oil project, while the remaining is with Venezuela's .

ONGC said its collaboration with Shell will focus on two key areas: upstream oil and gas, and LNG

Oil India Ltd chairman and managing director Ranjit Rath is among more than half a dozen candidates who have applied for the top job at state-run Oil and Natural Gas Corp (ONGC), people familiar with the matter said. Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position. The Oil India chief was among the candidates shortlisted for the ONGC post last year, but the government chose to extend the tenure of incumbent Arun Kumar Singh by a year. Rath has headed Oil India, India's second-largest state-run oil and gas explorer, since August 2022. Others who have applied include ONGC Videsh Ltd managing director Rajarshi Gupta, who became eligible after the government raised the maximum entry age to 59 years. Gupta, 59, who is due to superannuate in July 2027, is the senior-most among all the internal candidates applying for the position. ONGC's direct