Page 42 - Ongc

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

HPCL-MRPL merger next year; not right time for OVL listing, says ONGC chief

The largest hydrocarbon producer in India has lined up capital expenditure of Rs 32,921 crore during the financial year 2019-20, compared to Rs 29,449 crore during the previous fiscal

ONGC plans to borrow $2 billion through overseas debt programme

The funds so raised can be used to repay about Rs 15,000 crore of the company's existing borrowings, fund acquisitions or meet project/asset expenses

HPCL to invest Rs 74,000 crore in next five years to expand capacity

The Navaratna company plans to invest around Rs 14,900 crore in the current fiscal, chairman Mukesh Kumar Surana told shareholders

ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production

State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...

ONGC lines up Rs 83,000 crore investment for 25 new oil, gas projects

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle

HPCL plans to rectify shareholding pattern, accepts ONGC as a promoter

Sebi asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018

ONGC recruitment 2019: Know the last date to apply for 214 apprentice posts

Only residents of all districts of Maharashtra are eligible to apply for ONGC apprentice Jobs 2019

CCI dismisses abuse of dominance charge against ONGC

The complaint was filed by Indian National Shipowners' Association (INSA), a representative body of various ship owners

ONGC plan to bring refining, marketing biz under one roof may get delayed

While ONGC wants the merger of Mangalore Refinery and Petrochemicals (MRPL) with ONGC Mangalore Petrochemicals (OMPL) first, sources said HPCL wants all the three to happen simultaneously

HPCL refuses to recognise ONGC as promoter, 18 months after merger

Since acquiring a majority stake in HPCL, ONGC has only been able to appoint one director to that firm's board

Moody's affirms Baa1 rating to state-owned ONGC over better oil prices

ONGC consolidated credit metrics - as measured by retained cash flow (RCF) to net debt - improved to 51 per cent in FY 2019.

ONGC in a fix as govt asks it to sell Gujarat golf courses with oil wells

Sources said the exercise identified only properties with real estate potential in prime cities while leaving out golf courses ONGC has in Ankleshwar in Gujarat and Rajahmundry in Andhra Pradesh

SBI, ONGC to lead Nifty earnings growth in June quarter: Morgan Stanley

Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.

Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL

Finance Minister Nirmala Sitharaman last week set a record Rs 1.05 trillion ($15 billion) asset sales target in the year started April 1

ONGC discovered 230 mn tonnes of oil reserves in last 3 years: Pradhan

Pradhan said the government had constituted a committee for preparing a road map to reduce the dependency on energy imports by 10 per cent by 2021-22

OVL, partners to invest $20 bn in Mozambique to monetise gas reserves

To be built on the Afungi peninsula in Cabo Delgado province, the project will also involve the construction of associated infrastructure, storage tanks, and export jetty facilities

ONGC sells naphtha cargo at $6 a tonne, lowest premium since December

SINGAPORE (Reuters) - India's Oil & National Gas Corp Ltd has sold a naphtha cargo at close to $6 a tonne over Middle East quotes on a free-on-board (FOB) basis, the lowest premium in more than five months, industry sources said on Friday.

Despite oil price volatility, earnings prospects good for ONGC

Analysts expect healthy net realisation, lower risks of subsidy sharing and rising gas production outweighing risks on divestment

ONGC, Vedanta set to win 9 oil & gas blocks each, OIL 12 in latest auction

As per the bid evaluation, ONGC and Vedanta Ltd are top bidders in nine blocks each and state-owned Oil India Ltd (OIL) in 12 areas