ONGC

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

State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday reported more than doubling of profit in the June quarter, helped by higher crude oil prices and increased realisations. Net profit of Rs 17,033.81 crore in April-June -- the first quarter of the 2026-27 fiscal year -- compared with Rs 8,024.23 crore earning in the same period a year back, according to a stock exchange filing of the company. The net profit compared with Rs 6,649.97 crore in the preceding January-March quarter. Total income rose to Rs 48,321.65 crore in Q1 from Rs 33,213.39 crore a year back. Profit before tax rose to a record quarterly high of Rs 22,848 crore. Higher crude oil prices boosted ONGC's earnings, with net crude oil realisation from nominated fields rising to USD 99.45 a barrel from USD 66.13 a year earlier. New well gas also contributed to earnings, accounting for about 38 per cent of revenue from the company's nomination gas portfolio. Revenue from new well gas stood at Rs 3,998 crore dur

Q1FY27 company results: Firms including Deepak Nitrite, Godrej Properties, NHPC, Kalyan Jewellers, Zydus Wellness, and Metro Brands are also to release their April-June earnings today

The state-run shipbuilder will design and construct four hybrid-propulsion platform supply vessels for ONGC to support offshore exploration and production activities.

ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US

The state-owned explorer has launched its first deepwater exploratory well under a broader push to unlock offshore hydrocarbon reserves and strengthen India's energy security

The Division Bench said it could restore possession to Vedanta if persuaded later, after ONGC assumed control of the offshore block following the single-judge ruling

The court upheld the Centre's refusal to extend Vedanta's production sharing contract, citing unilateral deductions from the government's share of profit petroleum

The Delhi High Court on Wednesday upheld the Centre's decision to not extend its Production Sharing Contract with Vedanta for an offshore oil block in Gujarat and hand over the operations to Oil and Natural Gas Corporation Ltd (ONGC). Justice Purushaindra Kumar Kaurav dismissed a petition by Vedanta Ltd seeking to set aside the Ministry of Petroleum and Natural Gas's direction passed on September 19, 2025, which rejected its 2021 application to extend the Production Sharing Contract (PSC) dated June 20, 1998, for the Suvali oil block. The petition also sought setting aside of the direction to ONGC to immediately take over the assets and operations of the petitioner over the PSC contract area. The original term of the PSC -- between the Centre, the petitioner, ONGC and Invenire Petrodyne Ltd-- was for 25 years, i.e. from June 30, 1998 till June 29, 2023, and was extendable for a specified period under certain circumstances. The petitioner was the designated operator under the ...

State-run Oil and Natural Gas Corporation (ONGC) has completed drilling its second geothermal well in Ladakh's Puga Valley, marking another step towards developing India's first pilot geothermal power plant. The company's research and development arm, ONGC Energy Centre, drilled the well to a depth of 1,000 metres at an altitude of more than 14,000 feet in about a month, improving on the timeline and cost of its first geothermal drilling campaign, ONGC said in a social media post. The latest well builds on the success of ONGC's first geothermal well in Puga, which produced steam at temperatures above the boiling point of water, demonstrating the area's geothermal resource potential, the company said. ONGC said the second well would support the development of India's first 1-megawatt electric (MWe) pilot geothermal power plant and could pave the way for commercial exploitation of geothermal energy in the country. The project's next phase includes plans to set up a 1-megawatt electri

ONGC has approved a 1.75 MT strategic petroleum reserve in Mangaluru, expanding India's emergency oil storage capacity amid heightened global supply risks

ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.