Page 46 - Ongc

Rising crude oil prices: Subsidy issues come to haunt ONGC again

ONGC's investors saw their holding values lag the broader markets during 2014-2016 as global crude oil prices fell.

ONGC to quadruple output from Bay of Bengal gas field that cost $1 bn

Output from the Deendayal natural gas block off India's east coast will reach as high as a million standard cubic metres per day by January 2019

ONGC falls 10% in two days; loses market cap worth Rs 223 billion

The stock dipped 5% to Rs 166, extending its previous day's nearly 5% fall on BSE, trading at its lowest level since September 26, 2017.

ONGC gas output up 6.3% in FY18, looks to double production by 2022

ONGC produced 23.484 bn cubic meters of gas in 2017-18 as against 22.088 bn cubic meters in 2016-17, which is the highest gas output by ONGC in five years

ONGC may buy out GAIL in Gujarat's Dahej petrochemical project

GAIL had in 2008 picked up 19% stake in ONGC Petro-additions Ltd (Opal)

ONGC, OIL may get to choose partners by auctioning in select blocks

However, ONGC's resistance to the inclusion of Bassein, India's largest gas field, remains a hurdle

ONGC short-lists three oil service majors to lift output from two fields

The government last September proposed selling a 60 percent stake in ONGC's producing fields to foreign companies to ramp up domestic oil and gas output

ONGC extends gain on interim dividend plan

The stock was trading 2% higher at Rs 191, extending its Tuesday's 1.1% gain on the BSE, after the company announced that its board will meet on February 27 to consider the second interim dividend.

ONGC up 3% post December quarter results

The stock was up 3% at Rs 195 on BSE in early morning trade after reported a strong operating performance led by higher gas volume and oil realization for the quarter ended December 2017.

ONGC Q3 net up 15% to Rs 50 bn from Rs 44 bn; crude oil production down 1%

The company's total crude oil production dropped by 1% from 6.4 million tonnes during the third quarter last year to 6.3 MT this year

ONGC plans to sell stake in Indian Oil, GAIL for $4.8 bn to repay debt

ndian Oil climbed as much as 2.2% to trade 0.9% higher at Rs 405

Abu Dhabi's NPCC wins $327-mn contract from ONGC to build offshore infra

ABU DHABI (Reuters) - Abu Dhabi-based National Petroleum Construction Company (NPCC) on Tuesday said it won a $327 contract from India's Oil & Natural Gas Corp Ltd to build offshore infrastructure on the west coast of the Asian country.

ONGC nears 52-week high; stock up 7% in two days post HPCL deal

The stock was up 4% to Rs 208, extending its Monday's 3% gain on BSE, trading close to its 52-week high of Rs 212 touched on January 31, 2017 in intra-day trade.

ONGC to acquire government's 51.1% stake in HPCL for Rs 369.15 billion

ONGC will pay the government Rs 473.97 per share, a premium of over 10 per cent of the 60-days weighted average of HPCL's scrip

Field force at ONGC

Employees of the oil major are protesting the government's policy of awarding oil and gas blocks it owns to private operators

Privatise ONGC, selling 18% can fetch Rs 41k cr: Company execs

The proposed approach will only drive the company, which is India's most profitable PSU, the Air India way: Executives

ONGC officers urge PM Modi to stop Oil Min plan to sell oil & gas fields

ONGC officers association has sought Prime Minister Narendra Modi's intervention to stall Oil Ministry's plan to sell the company's producing oil and gas fields, saying the move has highly damaging implications for the country. The Association of Scientific & Technical Officers (ASTO) cited examples of falling production at the western offshore Panna/Mukta fields that were privatised in the 1990s, and Reliance Industries' flagging KG-D6 fields to state that ONGC has done well with its ageing fields. Most oil and gas fields of ONGC have been in production for 30 years and output has naturally shown a dip from the peak level but still accounts for the bulk of domestic output, ASTO president Sanjay Goel wrote to Modi on November 23. Oil Ministry has identified 15 producing oil and gas fields of ONGC and Oil India Ltd for handing over to private firms on the premise of raising output. The fields have in-place reserve of 791.2 million tonnes of crude oil, and 333.46 ...

ONGC wants higher gas price for produce from KG, Gulf of Kutch discoveries

ONGC wants a price of over $6 per mmBtu to help it produce the gas without suffering any losses

ONGC: Strong prospects after near-term worries

Worries over recovery of past dues from the financial crisis-struck, Venezuela has pushed down the share price of ONGC by almost 10 per cent from its recent highs of Rs 200 seen in early November. Although the risk does exist, analysts believe the concerns are overdone. An analyst with a foreign brokerage pegs the maximum loss at $1.1 billion as against the fall in ONGC's market capitalisation of about $3.5 billion this month. More importantly, the company's fundamentals remain strong with oil and gas production improving after some disappointments in the past few years. Probal Sen at IDFC Securities says that a per cent growth in oil output and an eight per cent increase in gas production for September quarter are precursors to what he believes will be stellar growth ONGC group would see over 4-5 years in its output. The company plans to double its natural gas output by 2022. Gas production grew by 4.3 per cent to 22.09 BCM (billion cubic metre) in FY17, its first increase in four ...

Right time for ONGC to opt for new rigs: Experts

To improve efficiency and make the most of rising crude oil prices by modernising its rigs