Page 44 - Ongc

ONGC mulling on a vision document 'Strategic Roadmap 2040': CMD Shanker

State-owned Oil and Natural Gas Corp (ONGC) is mulling on a vision document for 2040 that will lay the strategic roadmap for the nation's largest oil and gas producer for the next two decades. ONGC Chairman and Managing Director Shashi Shanker, in his speech after hoisting the national flag at the company headquarters at Dehradun, said the vision document 'Strategic Roadmap 2040' would craft the strategy for the firm as an integrated energy major with a long-term perspective. "The document would reframe the vision and recast the objectives of Perspective Plan 2030," he said. The Perspective Plan 2030 was ONGC's earlier vision document that outlined strategic goals for the growth of the organisation and for the energy security of the nation, a company statement said. "Our portfolio has seen a metamorphic change in the last decade. Today our business portfolio includes E&P, refining, petrochemicals, LNG, pipelines, retail, SEZ Infrastructure, power etc. While these developments open

ONGC's Rs 4,022 crore share buyback to open on Jan 29, close on Feb 11

"The funds for the buyback will be met out of internally generated cash resources of the company," it said

ONGC's latest tender puts cost before quality, attracts old jack-up rigs

State-owned ONGC is the largest client for most of the domestic oil drilling industry

Modi government may give freedom to PSUs to bring in private players

The move by the government to bring in private parties for the nomination blocks of state-run companies had raised protests among employees

ONGC to invest Rs 6,000 crore in drilling wells in Assam in next 7 years

The investment will take place Sivasagar and Charaideo districts of Upper Assam, besides planning to hire over 300 persons in the state

ONGC cautions against listing of Videsh arm, cites Mozambique asset trouble

The DIPAMhad been pushing for the listing of the ONGC arm to meet the divestment target of Rs 80,000 crore for the current financial year

Govt has squandered assets of PSUs like HAL,ONGC to favour select few: Cong

The Congress has also been alleging that the government favoured Anil Ambani's firm over HAL in the Rafale jets deal

Disinvestment booster: ONGC board clears Rs 40-bn share buyback

In a BSE filing, ONGC said that it will repurchase 1.97% stake or 25,29,55,974 equity shares at a price of Rs 159 apiece

ONGC tender to idle nearly 70% of the domestic drilling industry

Contractors have trouble deploying rigs overseas

ONGC board approves buyback of 252.9 million shares for Rs 40.22 billion

In a regulatory filing, ONGC board approved buyback of 1.97 per cent of equity shares for Rs 159 apiece

ONGC board to consider OVL listing but IPO ruled out in near future

OVL has assets in countries like Venezuela, Iran, and Sudan, which are exposed to some or other western sanction

ONGC to consider listing of ONGC Videsh on domestic exchanges: Report

Move part of a government push to sell state assets to raise funds

ONGC, OIL spend Rs 130 bn on discoveries govt took for auctioning: Pradhan

As informed by ONGC, an amount of Rs 128.26 billion has been spent by ONGC on the discoveries/fields identified in the first and second round of Discovered Small Field Policy, he said

ONGC's finance director gets Best CFO crown

ONGC's finance director gets Best CFO crown

ONGC board to consider share buyback at a meeting on December 20

This follows government pushing cash-rich PSUs to use their funds to buy back shares or pay a higher dividend

ONGC rebounds 6% from day's low as board mulls share buyback

The stock moved 5% higher to Rs 150, bouncing back 6% from the intra-day low of Rs 141, after the company said that its board will meet on December 20 to consider a share buyback proposal.

Govt sets up 6-member panel to frame plan to sell 149 ONGC, OIL oil fields

This is the second attempt of by the Oil Ministry to take away some of the fields of state-owned ONGC for giving to private and foreign companies

ONGC to pay Rs 2.42 bn as wharfage compensation to Mumbai Port Trust

The Tariff Authority for Major Ports passed an order for wharfage compensation payable by ONGC on October 3, 2018

ONGC eyes technology infusion to boost output from old and matured fields

Field operators would be selected through a competitive bidding process where those offering higher growth in output would be chosen

Amid row, ex-ONGC head says bought GSPC field stake at half of asking price

Opposition has attacked the government for exerting 'pressure' on ONGC to, among other things, bail out debt-laden GSPC