Page 4 - Ongc Oil

Oil & gas shares fire up: BPCL, Indian Oil, ONGC hit 52-week highs

In Q4FY23, OMCs will record 60-120 per cent QoQ Ebitda growth on the back of steady refining, auto-fuel margin recovery, and marginal LPG under-recovery.

Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star

Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.

Fishing net incident affects ONGC's KG field commissioning operations

State-owned Oil and Natural Gas Corporation's (ONGC) first deepsea project in the KG basin was hit when a floating oil storage vessel got entangled with fishing nets, prompting the state-owned firm to seek help for the Indian Navy. Armada Sterling V floating production, storage and offloading (FPSO) vessel, which ONGC will use to produce oil from its KG-DWN-98/2 or KG-D5 block, got entangled with long nets, according to the company's social media posts. The company sought help from the Indian Navy whose divers helped remove the nets after a month-long operation. Commissioning operations resumed after that. "The operations halted as the FPSO Armada Sterling V was stranded due to large fishing nets getting entangled in its fuel-extracting mechanism. Timely action by @IndiannavyMedia / @indiannavy has completely restored operations enabling considerable savings to the exchequer," ONGC said in a Tweet. ONGC via LinkedIn expressed its "immense gratitude" to the Indian Navy "for extendin

RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%

When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.

Bulls ride PSE index to historic peak, half of index stocks on breakouts

Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.

ONGC to invest $2 bn in Mumbai offshore to raise oil, gas output

India's top oil and gas producer ONGC will invest over USD 2 billion in drilling a record 103 wells on its main gas-bearing asset in the Arabia Sea as it pivots a turnaround plan that will add 100 million tonnes to production, a company official said. Oil and Natural Gas Corporation (ONGC) has three main assets off the west coast - Mumbai High, Heera and Neelam, and Bassein and Satellite, which contributed the bulk of 21.7 million tonnes of oil and 21.68 billion cubic metres of gas it produced in 2021-22. "We have released a record 103 locations for drilling of wells on the Bassein and Satellite (B&S) assets over the next 2-3 years," ONGC Director (Offshore) Pankaj Kumar said. The wells will tap smaller and hereto untapped reservoirs and help raise output. "We estimate that this development drilling will enhance production by over 100 million tonnes of oil and oil equivalent gas over the life of the field," he said. "The investment involved in drilling and facilities will be over .

RIL, ONGC: Will windfall tax hike dampen upside in oil-linked stocks?

The central Board of indirect taxes and Customs has raised windfall tax on petroleum, crude, and aviation turbine fuel effective from January 3

ONGC Q2 profit tumbles 30% to Rs 12,826 crore on windfall tax woes

Profit fell 15.6 per cent over the preceding June quarter when it had reported a net of Rs 15,205.85 crore

ONGC eyes stake in Russian entity managing Sakhalin 1, says report

India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east

Consortium of Indian oil companies to acquire 10% stake in UAE's ADNOC

The consortium is led by ONGC Videsh Ltd (OVL) and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL)

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

RIL, ONGC, OIL: Will gas price hike fire up a bull phase in related stocks?

Shares of Oil & Natural Gas Corporation (ONGC), Reliance Industries, and Oil India were in spotlight on Monday amid a steep 40 per cent hike in natural gas price

Stocks to Watch: Suzlon, RIL, ONGC, Gas, Airtel, HFCL, Adani Enterprises

Stocks to Watch Today: Domestic oil & gas related stocks are likely to be in focus as the government reduced tax on the former, while raised prices of natural gas to record levels.

ONGC gets better price for crude oil under new rules, says report

ONGC accepted bids at that level through auction of light sweet oil from its western offshore field, including supplies from the country's flagship Mumbai High fields

IGX answer to inflation: Trade gas on exchange to counter rising prices

Gas exchange's proposal also dovetails with plans by New Delhi to appoint a panel under Kirit Parikh to review India's gas pricing formulae

Centre garners Rs 3,000 crore from windfall tax on oil and gas firms

It is likely to continue with the levy till the Indian basket of crude is above $80 a barrel

ONGC, partners to splash $ 6.2 billion on green energy projects

ONGC and its partners will invest $ 6.2 billion in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonization drive, officials said.

RIL's shares climb over 2%, ONGC jumps 4% after windfall tax cut

Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

ONGC seeks minimum $17 price for coal gas from Bokaro block in Jharkhand

ONGC invited bids for the sale of 0.20 million standard cubic metres per day of gas it plans to produce from the Bokaro CBM block by the year-end