Page 26 - Ongc

Rs 11,276 crore loss due to less water injection by ONGC, says CAG

CAG said the shortfall in water injection is one of the significant reasons for less production of crude oil

Bidding for DSF-III oil round, including ONGC, to start on Apr 1: DGH

Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III bid round, will begin on April 1 and close on May 16, according to the DGH.

ONGC fails to get bids in its tender to sell Russian oil: Report

No Indian company has publicly withdrawn from Russia and New Delhi has declined to condemn Moscow's invasion of Ukraine despite pressure from the United States to do so.

Govt works out math of keeping Russia supplies open as oil prices spike

Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi

MEIL wins order for 47 oil and gas rigs from ONGC, to commission 15 by May

'In spite of Covid-19, MEIL is committed to completing the project with its expertise, dedication and hard work'

Brent tops $130. Fuel hike on cards? Trading strategies for RIL, ONGC, OMCs

ONGC is set to gain another 12 per cent in the upcoming sessions, while other oil related stocks show weakness.

ONGC surges 5%, stock nears 52-week high as crude oil soars to a 14-yr high

Sustained higher crude oil prices and gas realisations can result in better profitability for ONGC.

Trading strategies for oil-related stocks as Brent crude tops $105 level

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

Rising oil and gas prices can lead to greater gains in ONGC stock

Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment

Ukraine-Russia tensions send indices in tailspin; Sensex cracks 1,747 pts

The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021

ONGC soars 5%, hits fresh 32-month high post Q3 results, high oil prices

In Q3FY22, ONGC's net profit jumped 597 per cent YoY to Rs 8,764 crore, as against Rs 1,258 crore in the corresponding quarter of previous fiscal (Q3FY21).

ONGC Q3 results: Net profit surges seven-fold to Rs 8,764 cr

The nation's top oil and gas producer got $75.73 for every barrel of crude oil it produced and sold in Q3FY22 as compared to $43.20 a barrel realisation in the same period of 2020-21

Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed

All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively

After no-show for 8 months, panel to choose ONGC chairman and MD

Eight months after its headhunter failed to find any suitable candidate for top job at ONGC, the government will deploy a sparingly used committee approach to find a new chairman and managing director of India's top oil and gas producer. Most board level appointments at public sector companies are done on the basis of recommendations of the Public Enterprise Selection Board (PESB) but the government headhunter had in June last year did not find anyone suitable from nine candidates, including two serving IAS officers, to head Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB had said in a notice after interviews on June 5, 2021. The panel was constituted after eight months of that recommendation on February 4. "The Appointments Committee of the Cabinet (ACC) has approved selection to the post of Chairman & Managing .

ONGC, IOC, others to spend Rs 1.11-trn capex in FY23

ONGC has planned a capital expenditure (capex) of Rs 29,950 crore in FY23, marginally lower than the revised estimated expenditure of Rs 30,500 crore in the current fiscal

Market wrap: Sensex pares gains to end 77 points down; Nifty holds 17,100

Bharti Airtel rises 6% on Google's $1-bn investment plan, erases gains later; PSE stocks surge ahead of Budget; CPSE index gains 1%; Adani Wilmar IPO subscribed 1.08 times on day 2

L&T bags 'large' offshore contract from ONGC for pipeline project

Larsen & Toubro (L&T) on Friday said that its wholly-owned arm has bagged a large offshore contract from ONGC for the seventh development phase of their pipeline replacement projects. This contract, awarded through international competitive bidding, reposes ONGC's confidence in L&T Hydrocarbon Engineering (LTHE) capabilities and commitment to support ONGC in strategic oil and gas sector, and contribute to country's energy security. "LTHE, a wholly owned subsidiary of Larsen & Toubro, has secured a contract from...ONGC for the seventh development phase of their Pipeline Replacement Projects (PRP-VII)," the company said in a statement. The contract involves engineering, procurement, construction, installation and commissioning of 350 km subsea pipelines and related offshore works spread out across country's west coast offshore fields of ONGC. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology ...

ONGC soars to a 32-month high, up 5% on improved outlook

Higher oil realisations and modest production would spur up ONGC's earnings before interest tax and depreciation and amortization (EBITDA) by 1.8x in the October-December quarter.

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.

India's oil production continues to slip, ONGC output down 2% in Dec

India's production of crude oil, which is refined to produce petrol and diesel, continued to decline in December 2021