Page 4 - Ongc

How to trade HPCL, BPCL, ONGC as Crude Oil boils to 5-month high at $77/bbl

Technical chart shows that this oil-related India-listed stock - OIL India - can potentially rally up to 27% from here on as Crude Oil soars on Israel-Iran war fears.

OMCs, paint, tyre stocks fall; upstream oil mixed as oil price rises 13%

BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent

Gas blowout at ONGC well in Assam's Sivasagar, emergency steps underway

A blowout took place on Thursday at a crude well of energy major Oil and Natural Gas Corporation (ONGC) in Assam's Sivasagar district, and it is spewing gas uncontrollably at present, officials said. No injury has been reported so far and the well has not caught fire yet. The incident occurred at the well no. RDS 147 of rig no SKP 135 in Rudrasagar oil field of ONGC. A private firm SK Petro Services was operating the well on behalf of the state-run Maharatna company. According to a senior official, who is present at the site, told PTI that there is no danger currently and the company hopes to bring the well under control soon. "There is an uncontrolled flow of gas. We are trying to control the well. All senior officials are at the site. We are actively mobilising all resources required for controlling the well and we hope to do it as soon as possible. Work is underway," he added. Another official said that there has been no injury at the site, and the well has not caught fire yet.

Crude oil price drop likely to result in earnings downgrade for ONGC

Crude oil production was flat quarter-on-quarter (Q-o-Q) and year-on-year (Y-o-Y), while gas production was flat Q-o-Q but declined 6 per cent Y-o-Y

ONGC makes promising oil, gas discoveries in Mumbai offshore basin

State-owned Oil and Natural Gas Corporation (ONGC) has made promising offshore oil and gas discoveries in the Mumbai Offshore basin that could help augment production in the near future. The discoveries have been made in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the state-owned firm said in its fourth-quarter earnings statement. The discoveries, which have been named Suryamani and Vajramani, were made in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin. Exploratory well MBS202HAA-1 on Block MB-OSHP-2020/2 flowed 2,235 barrels per day of oil and 45,181 million cubic metres a day of gas during testing done in the January-March quarter. "This is the first discovery in Basal Clastics in OALP Block MB-OSHP-2020/2. The success in well MBS202HAA-1 was notified as New Prospect Discovery and rechristened as 'Suryamani'," ONGC said. Subsequently, during the current quarter, a second zone was tested on the same wel

ONGC Q4 results: Net profit falls 35% to ₹6,448 cr on lower oil, gas prices

State-owned Oil and Natural Gas Corporation (ONGC) reported a 35 per cent drop in its March quarter net profit as it realised lower oil prices on almost static output. Net profit stood at Rs 6,448 crore in January-March - the fourth quarter of FY25 (April 2024 to March 2025 ) - compared to Rs 9,869 crore in the same period last year, according to a company statement. The firm got USD 73.72 per barrel of crude oil that it produced and sold to refiners for processing into petrol and diesel in the fourth quarter, down from USD 80.81 per barrel a year back. Revenue was up 1 per cent at Rs 34,982 crore. ONGC produced 4.7 million tonnes of crude oil in the quarter, marginally lower than 4.714 million tonnes in January-March 2024. Production of natural gas, which is used to generate electricity, make fertiliser and turned into CNG as well as used for cooking in kitchens, was lower at 4.893 Billion Cubic Metres (BCM) in Q4 as opposed to 4.951 BCM. For the full fiscal (FY25), ONGC's net p

ONGC shares slip 2% on posting mixed Q4 nos; PAT down 22% QoQ, Rev up 4%

ONGC share price declined 2 per cent after company posted mixed Q4FY25 numbers

Q4 results today: IndiGo, IndusInd Bank, ONGC on May 21; see full list

Q4 FY25 company results today: Colgate Palmolive, Power Finance Corp, RVNL will be among more than 120 companies to post earnings reports for the January-March quarter on May 21

RIL moves SC against HC ruling in $1.5 bn gas dispute with Centre

RIL contests Delhi HC order that set aside a 2018 arbitration award in its favour over allegations of siphoning ONGC gas from the KG Basin block

Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC has successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea, the firms said on Monday. Once a field stops producing oil and gas, the facilities that were erected to bring out hydrocarbons from below ground or under seabed, have to be safely removed - a process called decommissioning. The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture. In 2017, the joint venture started preparing to decommission the Tapti field, where Shell owned 30 per cent interest, Oil and Natural Gas Corporation (ONGC) .

Saudi Aramco likely to pick 20% each in new BPCL, ONGC refineries

India, which ranks as the world's third-largest oil consumer, aims to establish itself as a global refining centre as Western corporations reduce their crude processing capabilities

BSE oil and gas index up 3%; check what put all these stocks on fire today

The BSE Oil & Gas index touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. HPCL, BPCL, IOC were among the top gainers in trade on April 29, data shows

Govt tweaks city gas policy, moves to advance quarterly allocations

The government will now allocate natural gas to CNG and piped cooking gas retailers two quarters in advance to give city gas companies greater clarity, the Oil Ministry said Friday. With city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd reporting pressures on margins after the allocation of cheaper administered price or APM gas to them was cut without giving enough advance notice, the ministry decided to tweak the allocation policy. "From Q1 (first quarter) of FY 2025-26 (April 2025 to March 2026 financial year), domestic natural gas allocations for CNG (Transport) and piped natural gas (domestic household cooking gas) segments will be done on a two-quarter advance basis," the ministry said in a statement. Besides the lower-priced APM gas produced from old fields given on a nomination basis, the allocation will also now include gas from new wells drilled on the nomination fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India

ONGC's cheaper APM gas supply dips, costlier supply to distributors doubles

India's top oil and gas producer ONGC has seen a drop in natural gas production from aging fields that supply CNG and piped cooking gas, resulting in supply reductions for city gas distributors like IGL, MGL, and Adani-Total, officials said. Oil and Natural Gas Corporation (ONGC) is offsetting the natural decline in output from ageing gas fields by drilling new wells. However, gas from these new wells is sold at a higher price to cover the added costs, officials said. Natural gas extracted from the ground and seabed is converted into CNG for vehicles and used as cooking fuel when piped to households. Gas from fields allocated to ONGC on a nomination basis is priced by the government and referred to as APM gas. This APM gas serves as the feedstock for city gas distributors. APM gas is priced at 10 per cent of the monthly average rate of the crude oil basket India imports for its energy needs. However, the price is capped with a floor of USD 4 per million British thermal units and a .

Up to 20% of APM gas allocation replaced with costlier new gas: CGDs

While CGDs say profitability will be hit, officials said the move is in line with stated policy positions

ONGC wins 11 blocks in round 9 of national oil and gas asset auctions

Private company Cairn wins 7; BP wins offshore block in Saurashtra basin

Reliance-ONGC-BP alliance wins Gujarat offshore block for exploration

In an unprecedented alliance, ONGC, Reliance, and BP won a Gujarat offshore block under OALP-IX. ONGC secured 15 blocks overall, while Vedanta won 7 out of 28 blocks offered in the latest bid round

Top dividend-yield PSU shares: Coal India, ONGC, BPCL, IOC, 11 others

Coal India leads the pack with a dividend yield of 8 per cent. Following it are ONGC, and BPCL, both offering a dividend yield of 6 per cent each

Major oil-linked companies stock slump after brent crude oil slips 3%

When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses

RIL, ONGC, Oil India slips up to 7% as crude oil slips below $70/barrel

The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries