Page 2 - Ongc

Expert teams arriving from Delhi, Mumbai to douse gas well blaze in Andhra

The ONGC expert teams are arriving from Mumbai and Delhi to douse the gas well blaze here in Dr BR Ambedkar Konaseema district, an official said on Tuesday. The intensity of the fire got reduced compared to Monday, they added. A massive jet fire of up to 20 metres height and 25 metres width was ignited around 12:40 pm on January 5 near Mori and Irusumanda villages after a gas leak at an Oil and Natural Gas Corporation (ONGC)-owned well, Mori-5. However, the gas well is not operated by the Maharatna company but by its Production Enhancement Contractor (PEC) Deep Industries Ltd, an Ahmedabad-based company. "They (firefighters) have created a water umbrella to make the temperature cool down, but the flames are still coming, so the expert teams will arrive and they will assess the situation, and accordingly they will take all measures to douse the flames," Konaseema joint collector T Nisanthi told PTI. She said the expert teams are coming from Mumbai and Delhi. By sprinkling water, al

Motilal Oswal sees higher Q3 profits for Oil & Gas cos; RIL, OMCs to lead

Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y

Stocks to buy: Kotak Securities picks Axis Bank, ONGC as preferred bets

Stocks to buy, Jan 6: Shrikant Chouhan said that the financial profile of Axis Bank has improved steadily while Oil and Natural Gas Corporation's outlook continues to improve

ONGC partners with Japan's Mitsui to enter ethane shipping business

The explorer aims to capitalise on emerging opportunities in energy logistics, strengthen integration, and establish an operational presence in specialised shipping

US move on Venezuela oil lifts Reliance Industries, ONGC prospects

Indian oil companies that have invested in oil exploration projects in Venezuela might also be able to recover stuck dividends, with the US operating Venezuela's oil assets

Gas leak triggers massive fire at ONGC well in AP; two villages evacuated

A pipeline leak led to a fire at ONGC's Mori-5 gas well in Andhra Pradesh. Cooling operations were initiated and officials said no casualties have been reported

ONGC enters JV with Japan's Mitsui for ethane shipping; acquires 50% stake

ONGC to acquire 50% stake in ethane carriers run by Japan's Mitsui

ONGC plans to store CO2 in depleted wells at Gujarat's Gandhar field

Oil and Natural Gas Corporation (ONGC) plans to store captured carbon dioxide in depleted wells at Gujarat's Gandhar oilfield, marking the company's first full-scale Carbon Capture and Storage (CCS) pilot and a major step in its decarbonisation strategy. The pilot will use two abandoned onshore wells to inject around 100 tonnes of CO2 per day into subsurface hydrocarbon reservoirs, officials said. CO2 will be captured from nearby industrial sources in the Dahej area as well as ONGC's own Hazira plant, transported to the Gandhar wells and injected underground to prevent it from entering the atmosphere. The project also aims to test using CO2 to enhance oil recovery, turning a potentially harmful greenhouse gas into a productive resource, they said. ONGC had previously sourced CO2 from Indian Oil Corporation's Koyali refinery, roughly 80 km away, for injections into the well. CO2 in the earth's atmosphere contributes significantly to global warming as a greenhouse gas. India is the 3

TMPV, Adani Power, ONGC, 5 other largecaps with 'Bearish Engulfing Pattern'

In general, a bearish engulfing candlestick pattern is considered as a bearish sign, as the latest candle completely overshadows the preceding day's price action on the charts.

HUL, ONGC, Trent among 7 BSE 100 stocks technically oversold on charts

The Relative Strength Index (RSI) is a technical momentum indicator which helps in determining overbought and oversold stocks; in general, a reading below 30 is considered as oversold.

Boost your portfolio with these 15 govt-backed high dividend yield stocks

Coal India leads the list with a dividend yield of 7 per cent, making it the most attractive dividend play among government-backed companies

Axis Capital starts coverage on ONGC with 'Sell'; sees 14% downside

Axis Capital has initiated coverage on ONGC with a 'Sell' rating, citing concerns over production, oil prices, and subsidiary debt

Stocks to Watch today: Adani Enterprises, ICICI Bank, Biocon, Ola Electric

Stocks to Watch today, December 8, 2025: Bajaj Finserv, ONGC, AU Small Finance Bank, P N Gadgil Jewellers, Cochin Shipyard, Delhivery, and TVS Motor Company are among the top stock to remain in focus

Petronet LNG shares rise 4% on 15-year contract with ONGC; check details

Petronet LNG is developing ethane unloading, storage and handling (USH) facilities with ethane storage tank capacity of 1,70,000 cubic meters at Dahej, Gujarat

Arun Kumar Singh gets rare one-year extension as ONGC chairman till 2026

Arun Kumar Singh has been granted a rare one-year extension as chairman of ONGC, in signs that the government may have wanted continuity to consolidate the gains India's top oil and gas producer has made under his leadership. Singh, 63, will continue as the chairman of Oil and Natural Gas Corporation (ONGC) till December 6, 2026, according to an official order that cited a decision made by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. In 2022, he became the first near-60 executive ever to be appointed chairman of a blue-chip PSU. Now, in another unprecedented move, his tenure will run until age 64. Industry sources said Singh brought the much needed stability in management at ONGC, helping reverse the decade-long decline in production of crude oil, which is feedstock for making petrol and diesel, and natural gas, which is used to produce power, make fertilizer, turned into CNG to run automobiles and fire household kitchens. Under him, ONGC stitch

K-G gas dispute: SC to hear pleas of Reliance Industries, others in Feb

RIL has also pleaded that the order passed by the international tribunal was binding on the parties under the terms of the production-sharing contract (PSC)

Refining boost isn't enough; Nuvama turns selective on Oil & Gas for FY26

According to Nuvama, the outlook for OMCs is clouded by high capital expenditure commitments and rising under-recoveries, which are set to keep return ratios suppressed.

ONGC's KG basin crude output dips to 28K bpd; peak gas expected by mid-2026

ONGC now expects peak gas production of 10 mmscmd from KG-98/2 by mid-2026, even as crude output declines to 28,000 bpd, prompting well interventions and BP-led technical support

Dividend stocks: ONGC, NALCO, 28 others go ex-date on Nov 14; do own any?

Dividend stocks today: Here is the complete list of stocks to remain in focus during today's trading following their announcement of dividends

ONGC's lower realisations, slow production ramp-up keep brokerages cautious

Though ONGC's Q2FY26 results met expectations, analysts remain cautious amid weaker crude realisations, delayed production ramp-up, and trimmed output guidance for FY26 and FY27