Page 49 - Ongc

ONGC may acquire HPCL in Rs 44,000-cr deal

Merged entity to be the third largest in India after IOC & RIL

ONGC to take control of HPCL to create larger oil sector entity: Report

India plans to create a giant oil company by combining state-owned firms

ONGC board approves acquisition of GSPC stake for $1.2 bn

ONGC to acquire 80% of GSPC's stake in KG-basin natural gas block

ONGC board okays GSPC deal

Backed by state guarantee, to get $6-6.9 bn for K-G gas; development of Ratna fields also approved

ONGC to invest Rs 7,327 cr in four projects

State-owned Oil and Natural Gas Corp (ONGC) today said it will invest Rs 7,327 crore in developing four oil and gas projects, including the Ratna field which it had got back from Essar Oil. The Board of ONGC approved an investment of Rs 4,104.63 crore in development of R-Series fields including revival of R-12 (Ratna), the company said in a statement. Ratna field was discovered in 1979 and put on production in 1983 which continued till 1994. The Government awarded the contract for development of Ratna and R-Series fields in 1996 to a consortium led by Essar Oil. However, the contract could not be signed due to various issues and in March last year the Government reverted the Ratna & R-Series fields to ONGC for development and production. Out of 37 structures in the Ratna-R Series field, which is located about 130-km offf Mumbai, 8 structures were found to be oil bearing and only one R-12 (Ratna) field was under exploitation during the period 1982 to 1994. The ...

ONGC's $2.4-bn Mozambique deal under scanner; may have overpaid $200 mn

Presently, OVL has a 16 per cent stake in Offshore Area 1

ONGC halts naphtha exports from Hazira to OPaL

OPaL operates a cracker which has a capacity of 1.1 million tonnes of ethylene a year

ONGC's Rs 78,000 crore investment seen as credit negative: Moody's

Moody's said investments will lead to upfront increase in leverage and involve long gestation period

ONGC to issue bonds for KG block development

Govt recently slapped a $1.55-billion penalty on Reliance Industries and its partners BP and Niko

ONGC's December quarter net triples to Rs 4,352 crore

Surge is due a high exceptional cost item in the comparative quarter last financial year

ONGC to invest $5.1 bn for developing oil finds off AP coast

It will produce 10 oil, gas discoveries in Bay of Bengal block, which is next to Reliance Industries

ONGC, GSPC to tie up for KG block exploration

The deal size was initially expected to be $2-2.5 bn but ONGC was successful in bringing it down to $995 mn

ONGC gains on fixing record date for interim dividend

The company has fixed February 08, 2017 as the record date for the purpose of payment of second interim dividend, if any

ONGC plans separate division for difficult fields

Chalks out integrated development of GSPC and its own KG assets

ONGC not to take over GSPC debt; deal to retire only 40% of PSU's loan

The Gujarat government-owned company has been under the lens of the CAG for incurring this huge debt

ONGC cleared GSPC deal without enough independent directors

Had only three IDs on 12-member board, against requirement of 50%; govt aware of vacancies

ONGC's stake buy in GSPC: Some call it a rescue act, others a sweet deal

Yes, that's the sum of it, say some; might prove an exciting buy, argue others

Put ONGC's stake buy in Gujarat PSU on hold: Congress

Solanki alleged the BJP govt is selling the profit-making state-run companies to private parties for own gain

ONGC to buy 80% stake of GSPC with operatorship rights in KG basin block

ONGC will also pay part consideration of $200 million to GSPC towards future consideration

ONGC rebounds from day's low; stock trades ex-bonus

The stock moved higher by 2.4% to Rs 209 in late noon deal, bouncing back nearly 4% from intra-day low on BSE.