Page 29 - Ongc

Nifty outlook: Technical indicators suggest turbulence ahead; stay cautious

Traders are advised to continue with a stock specific approach but keep booking timely profits as well

Global oil and gas investment will be 30% below pre-Covid level: ONGC

Says country's energy mix leans heavily on fossil fuels, which meet 90% of domestic demand; India's energy needs to at least double by 2050 with strong growth expected in natural gas

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers

Rising energy prices spell gains for oil producers

ONGC, Oil India stand to gain, but downstream players may feel the heat

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States

Stocks to watch: Shree Cement, ZEEL, Voda Idea, Srei Infra Finance, ONGC

Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore

ONGC likely to buy out IL&FS stake in Mangalore Special Economic Zone

The deal is likely to be concluded at 'fair value' after ONGC's attempt to buy out the shadow lender's stake in JV at deep discount failed

Petronet LNG seeks fresh foray into the petrochemical business

Petronet LNG Ltd is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast

CCI approves 26% stake-buy in ONGC Tripura Power Company by GAIL

Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India). The stake is being acquired from IL&FS group companies IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd. GAIL had participated in an open bidding process and had emerged as the highest bidder pursuant to the expression of interest issued for acquiring 26 per cent stake held by the IL&FS Group in ONGC Tripura Power Corporation Ltd, as per a combination notice. "Commission approves acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India)," the Competition Commission of India (CCI) said in a tweet. The combined value of assets and turnover of GAIL India and ONGC Tripura for the financial year ending March 2020 are Rs 71,959.84 crore and Rs 73,408.82 crore, the combination notice added. Separately, CCI said the "Commission approves acquisition of Inflow Technologies by Savex ...

ONGC exploring purchase of woodside stake in Senegal oil field

State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private

Oil & Gas shares in focus; Oil India hits 52-week high, ONGC up 3%

ONGC informed that rating agency ICRA has assigned 'AAA' credit rating for non-convertible debentures (NCDs) of the company for Rs 7,500 crore

ONGC's plan to merge refining subsidiary MRPL with HPCL gets delayed

ONGC's plan to complete merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed

Biggest sovereign wealth fund excludes ONGC from portfolio

The exclusion was announced by Norges Bank after a recommendation from the Council on Ethics, an independent body that investigates possible norm breaches in the wealth fund's $1.4 tn portfolio

Norway wealth fund excludes ONGC, 3 Israeli firms from portfolio

For ONGC, the primary concern was over its participation in two joint ventures in oil-dependent South Sudan

ONGC evaluating stake buy in Russia's Vostok Oil project: OVL MD

Vostok is one of Russia's biggest oil projects

Hazel Mercantile emerges as the highest bidder for Reliance Naval

Hazel Mercantile offered about Rs 2,100 crore - pipping Naveen Jindal group and GMS of Dubai by a huge margin

ONGC pumps first gas from U1B deep-water well in KG basin

State-owned Oil and Natural Gas Corp (ONGC) has pumped first gas from its deep-water U1B well in Krishna Godavari block KG-D5 in the Bay of Bengal

Megha Engineering hands over indigenously built oil rigs to ONGC

This is part of a Rs 6,000 crore tender bagged by MEIL in 2019 to supply 47 rigs to ONGC

ONGC's second oil rig to be operational at Kalol by mid-September

The Oil and Natural Gas Corporation (ONGC) will have it's second oil rig operational within twenty days, according to the company