Page 29 - Ongc

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

Infra stocks rise on the back of national monetisation plan optimism

Adani Ports and SEZ, Hindustan Petroleum and ONGC rose 7.8 per cent, 5 per cent and 3.5 per cent respectively over two days

ONGC offers 43 of its fields to operators for enhancing production

The Centre has been pushing ONGC to increase its oil and gas production in order to trim imports

ONGC seeks partners to raise production from 43 oil, gas fields

State-owned Oil and Natural Gas Corp (ONGC) on Thursday invited bids from private companies for handing over operations of 43 small and marginal oil and gas fields with a view to raising production.

Stocks to watch: Devyani Int'l, Windlas, Krsnaa, Exxaro Tiles, Voda Idea

Oil and Natural Gas Corp's net profit soared by nearly 800 per cent in the first quarter of the current fiscal after more than doubling of oil prices compensated for a fall in production

India's top explorer ONGC looks at acquisitions for 10GW renewable aim

India has set up ambitious target to raise its renewable capacity to 450 GWs by 2030 from the current 100 GWs to cut dependence on thermal power

ONGC net profit rises nearly seven-fold in Q1 to Rs 6,846 crore

Consolidated total income rose to Rs 1,09,301.82 crore, up from Rs 63,694.14 crore last year

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Oil's not well in TN: Protests against exploration put ONGC in a spot

The state government's stand and the protests against exploration have put ONGC in a spot, with recoverable oil and gas reserves worth $8.5 billion stuck