As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and CEO Arun Kumar Singh said on Friday. India, which relied on the Middle East to meet nearly half of its crude oil imports, 30 per cent of its gas and 85-90 per cent of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said. The six-week long was shut the only shipping lane that was used by the Gulf countries to export crude oil (raw material for making petrol and diesel), natural gas (used to make fertilizer, generate electricity, turn into CNG to power automobiles and piped to household kitchens for cooking) and cooking gas LPG. This led to an energy crisis in several importing countries, including India which had to prioritise supply of gas. "Thinking that
ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.
10 personnel were injured in the incident and are currently undergoing medical treatment
Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)
Stocks to buy today: Shrikant Chouhan of Kotak Securities suggests placing bets on ONGC and Emmvee Photovoltaic; here's why
ONGC plans to spend $18-20 billion to hire deepwater rigs in its largest exploration push, seeking drillships and semi-submersibles for up to five years to boost production
Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
Kunal Kamble, technical analyst at Bonanza helps decode a trading strategy in oil & gas related stocks as Crude Oil prices surge to a multi-year high around $119 per barrel on Monday.
A confidential investigation by the Competition Commission of India has found evidence that several cement companies allegedly colluded for years to rig bids in tenders issued by ONGC
Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits
ONGC's Q3 was weighed down by lower crude realisations, but improved gas realisations, rising new well gas share and upcoming projects may bolster medium-term production
Among the listed companies, Hindustan Aeronautics has announced the highest interim dividend of ₹35 per share, with February 18 as the record date
Dividend stocks: Among the dividend announcements, Escorts Kubota has declared the highest interim dividend of ₹18 per share, followed by Torent Power and Nirlon at ₹15
ONGC's consolidated net profit rose 22.6 per cent year-on-year (Y-o-Y) to ₹11,946 crore in the third quarter of fiscal 2025-26. The firm's revenue from operations in Q3 remained flat
ONGC's board of directors declared second interim dividend of ₹6.25 per equity. The total payout would be ₹7,863 crore for the dividend
Q3FY26 company results: Firms including Biocon, Lupin, Petronet LNG, IRCTC, Indraprastha Gas, Schneider Electric and are also to release their October-December earnings today
Overlooking the Arabian Sea and just a 15-minute ferry ride away from leading beachside resorts, a 4,000-seat convention centre has been built in pristine south Goa to host large conferences and marquee events, including Filmfare-scale award functions. State-owned Oil and Natural Gas Corporation (ONGC) has an Advanced Training Institute (ATI) at Betul in South Goa for training its personnel in safety and HSE practices. Its campus is spread over 1 million square metres, or roughly 250-270 acres, with the training centre being housed in a small portion. Back in 2023, a make-shift conference centre at the unused portion of the vast land at ATI hosted a second edition of India Energy Week, as convention centres that could hold an event of that size elsewhere in the country were unavailable. And there germinated the idea of building a permanent facility to add another chapter to Goa's tourism. Before the fourth edition of IEW at the end of January this year, the convention centre was ...
Aakash Shah, technical analyst at Choice Equity Broking expects ONGC, Oil India and BPCL to gain up to 10 per cent from here based on the strong chart patterns.
The capital expenditure of ONGC, country's largest oil and gas exploration player, is seen declining over six per cent to Rs 30,000 crore in FY27
A technical scan on Nifty 500 stocks reveals that 6 shares were trading in overbought territory based on the RSI parameter, while 66 languished in the oversold zone a day ahead of the Union Budget.