Page 43 - Ongc

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

ONGC overtakes IOC as most profitable PSU after profits jump by 34% in FY19

According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump in its 2018-19 fiscal net profit to Rs 26,716 crore

ONGC reports 31% drop in Q4 net profit on drop in production, prices

Net profit in January-March at Rs 4,045 crore was 31.6 per cent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year

Have sufficient funds to meet current and future capex needs, says ONGC

From a zero-debt company, Oil and Natural Gas Corp (ONGC) had to resort to borrowings in the past couple of years

ONGC gets Environment Ministry's nod for Rs 240 crore project in Assam

The company had sought permission for drilling 12 development wells but it received clearance for six wells at present

ONGC to take over east coast PY-3 oil field from UK-based Hardy Oil & Gas

PY-3 got into controversy after UK's Hardy Oil threatened to abandon the field, saying the government was not honouring the PSC

ONGC arm delays plan to invest in Iran gas field after US sanctions

Farzad-B's gas reserve is estimated at 21.6 trn cubic ft. The major point of contention between India and Iran was regarding setting up of two pipelines and also the money for the development plan

Higher domestic gas prices, rising volumes to drive ONGC's earnings further

As oil realisation outlook improves, higher domestic gas prices and rising volumes will drive earnings further

Govt panel considered selling ONGC's biggest oilfields to pvt firms: Report

Multiple sources in Niti Aayog and govt said, the plan to give away fields producing 95% of India's current oil and gas could not go through

ONGC recieves single bid from US firm for oil field production upgrade

ONGC top brass, they said, are keen to conclude a contract with Schlumberger soon to get the project going

ONGC likely to get five oil, gas blocks in second round of DSF auction

Lok Sabha polls may force govt to merge second and third open acreage licensing policy rounds

ONGC to bid out 54 fields to private sector companies in six months

The Union Cabinet allowed ONGC, OIL to bring in private sector players for increasing production

ONGC Q3 net jumps 65% at Rs 8,263 crore on higher oil, gas prices

Revenue from operations rose to Rs 27,694 crore from Rs 22,996 crore in the third quarter of 2017-18 financial year