Page 5 - Oil And Natural Gas Corporation

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

Ratio of India's public debt to GDP likely to scale a new high in FY21

According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020

ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%

The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.

ONGC asks govt to cut cess, royalty, free gas price to help company survive

The fall in international oil prices and natural gas prices falling to a decade low of $ 2.39 per million BTU is threatening to push the firm into making cash-losses on a monthly basis

Govt cuts domestic natural gas price by 26% for first half of FY21

The rate for gas produced from difficult fields will be $5.61 mBtu on gross calorific value basis.

ONGC seeks new petroleum exploration licence for PMT oil, gas fields

ONGC has already been using Tapti infrastructure for its other fields for better optimisation

Going cheap: How ONGC compares to the world's most richly valued oil firms

ONGC has always traded at a discount to its global peers, it has widened to record levels in recent months

Govt must include opportunity cost of imports in gas pricing: ONGC chairman

In an interview with Jyoti Mukul, ONGC chairman talks about India's move towards a gas-based economy, future of ONGC and the rise of renewable energy in India

Centre approves Rs 5,600-cr for 1,656 km-long North East Gas Grid

The eight states are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura

ONGC bags all 7 oil and gas blocks in fourth round of OALP auction

The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas

ONGC gets all 7 oil, gas blocks in latest bid, adds 18,510 sq km of area

ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present

ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer

At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate

ONGC net profit falls 37% in Sep quarter on lower oil prices, production

Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres

Only 8 bids for 7 oil blocks: Tweaked licensing terms draw little interest

The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said

Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan

Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market

Andhra villagers wary of flames from oil rig, want closure of ONGC plant

Fearful of the flames that have been rising from the oil rig, anxious villagers say they are afraid that it might catch fire and pose a threat to their lives

BPCL privatisation likely to clear the decks for strategic partner in HPCL

Offloading the BPCL stake will bring in, at the current market values, Rs 56,400 crore to the government's kitty

ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells

The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state

After disruption, ONGC tries to ensure gas supply to households on priority

The Uran plant processes nearly half of the crude oil that ONGC sells to refineries and 12% of its natural gas sales

4 killed in fire at ONGC plant in Navi Mumbai; rescue operation underway

The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai