Page 5 - Ongc Oil
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
 "IGX answer to inflation: Trade gas on exchange to counter rising prices")
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
 "Centre garners Rs 3,000 crore from windfall tax on oil and gas firms")
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.
 "ONGC, partners to splash $ 6.2 billion on green energy projects")
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
 "RIL's shares climb over 2%, ONGC jumps 4% after windfall tax cut")
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
 "Domestic crude oil producers get marketing freedom, exports not allowed")
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
 "ONGC seeks minimum $17 price for coal gas from Bokaro block in Jharkhand")
ONGC sees crude oil production rising 11%, gas output jumping 25% by FY25
Reversing the declining trend of the past few years, ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25%
 "ONGC sees crude oil production rising 11%, gas output jumping 25% by FY25")
Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India
Reversal in price trends, policy measures such as windfall tax by the government and fall in refining margins are among key downside risks
ONGC struggling to move Russian oil to Asia as sanctions bite: Report
Several Indian companies including ONGC have stakes in Russian oil and gas assets, and India has been buying more Russian crude since Moscow invaded Ukraine
 "ONGC struggling to move Russian oil to Asia as sanctions bite: Report")
MRPL surges 13% on heavy volumes; stock zooms 58% in April
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
 "MRPL surges 13% on heavy volumes; stock zooms 58% in April")
ONGC to open Vindhyan Basin in Madhya Pradesh for gas production
The firm had in December 2020 opened the eighth Indian Basin the Bengal Basin, when commercial oil production started from Ashok Nagar discovery
 "ONGC to open Vindhyan Basin in Madhya Pradesh for gas production")
ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices
Earnings outlook for upstream PSUs has improved considerably given the recent rise in crude oil prices above $90/bbl mark and expectation of a further steep hike in domestic gas price over H1-H2FY23
 "ONGC, Oil India surge 10%; gain up to 41% in 6 months on high oil prices")
ONGC seeks peak oil and natural gas output from KG block in FY24
With KG-D5 going live, oil production is estimated to rise to 24 million tonnes in 2023-24 and gas to rise to 32.16 bcm, said Anurag Sharma, director (onshore) and interim director (finance) of ONGC
Crude trumps $90: ONGC may see 15% upside; OMCs indicate a mixed trend
The two major OMCs were exhibiting a mixed trend on the charts, with HPCL reflecting positivity, while BPCL struggling to hold ground.
 "Crude trumps $90: ONGC may see 15% upside; OMCs indicate a mixed trend")
Brent tests $85: Invest in these stocks to benefit from surging oil prices
Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.
Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms
Production at Mumbai High and Bassein & Satellite offshore assets under state-owned firm is low, says letter by petroleum ministry.
 "Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms")
Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL
Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas
 "Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL")
Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL
Speaking at BNEF Summit on Tuesday, Pradhan said the two state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas
Raising production, reviving existing fields can multiply gains for ONGC
Rising global oil and gas prices are already benefiting the oil major and its overseas subsidiary
 "Raising production, reviving existing fields can multiply gains for ONGC")
Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs
The recent rebound in crude oil prices has been driven by gradual recovery in global economy and thereby, improving demand for crude oil even as it remains below pre-Covid levels
 "Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs")