ONGC

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.

ONGC has approved a 1.75-million-tonne expansion of India's strategic oil reserves at Mangaluru, as the government moves to strengthen energy security after the Iran war exposed supply risks

The ONGC board gave the green light to add 1.75 million tons of capacity in Mangalore, Karnataka, to national crude reserves, according to a filing

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it

The government has relaxed the eligibility conditions for appointing the next chairman of state-owned ONGC by raising the maximum entry age to 59 years and offering the successful candidate a fixed three-year term extendable by up to two years, widening the pool of eligible contenders to head India's largest oil and gas producer. The Public Enterprises Selection Board (PESB), the government's headhunter for appointments to state-run firms, has invited applications for the post, which will fall vacant on December 7 when incumbent Arun Kumar Singh completes his extended tenure. Under the Oil and Natural Gas Corporation (ONGC) advertisement, candidates should not have attained the age of 59 years on the date of occurrence of the vacancy -- December 7, 2026. The selected candidate will initially be appointed for three years, with the tenure extendable by another two years after a performance review. "Any employment or extension of tenure beyond the age of 60 shall be on a contract basis

The oil ministry is considering increasing the weightage of exploration activities in the performance assessment of upstream oil PSUs to boost domestic hydrocarbon discoveries

Oil and Natural Gas Corp (ONGC) should increasingly be seen as a "gas-and-oil" company rather than an oil-and-gas producer, its chairman Arun Kumar Singh said, underscoring a strategic shift as natural gas output outpaces crude oil. "Gas is now slightly more than oil in our portfolio," Singh told analysts, adding that ONGC's future growth will be driven largely by gas production even as crude output remains broadly flat without major new discoveries. "We should call ourselves a gas and oil company, not an oil and gas company." Singh said gas is emerging as the dominant growth driver for the state-run explorer, with rising domestic demand, supportive pricing reforms and new field developments pushing production higher. "Gas is a more valued fuel in the Indian context, and ONGC is gradually becoming a more gas-heavy company," Singh said, adding that gas output already exceeds oil and will continue to expand over the coming years. While oil production is likely to remain flat, gas ou