Page 51 - Ongc

ONGC in talks for Gujarat State Petroleum Corp asset

To take another 11% stake in Russia's Vankor

Shah panel report vindicates our stand, says ONGC

Government-owned ONGC also stated it was not aware about the migration in advance

ONGC rises 3% after Q1 results

The stock hit a high of Rs 254.70 and a low of Rs 247.85 so far during the day

ONGC profit falls 21%

Company's gross revenue also dipped 21.4% to Rs 17,784 cr against Rs 22,628 cr during the period of the previous year

ONGC failed to tell investors about gas migration: Advisory firms

The PSU kept its small shareholders in the dark, violating listing norms, corporate lawyers & minority shareholders groups

Petroleum Minister Dharmendra Pradhan urges state-run units to launch Start-up Funds

As part of the initiative called 'ONGC Start-up', company will provide the entire support chain for start-ups including seed capital, hand-holding, mentoring market linkage

ONGC hires consultant to assess reserves in GSPC KG gas block

The Gujarat government firm has been seeking to sell a majority stake in its KG-OSN-2001/3 block to ONGC to avoid defaulting on loans

ONGC launches Rs 100-cr start-up fund

It would provide the entire support chain for start-ups

ONGC to invest Rs 823 cr for CBM gas development

Project envisages drilling of 141 wells with multilayer hydro-fracturing and installation of three production facilities

ONGC Tripura Asset expedites oil exploration in state

Tripura Asset has production capacity of 4.95 mmscmd per day which would rise to 6.25 mmscmd a day by the next year

ONGC, partners to invest Rs 823 crore for gas in Bokaro block

ONGC also operates North Karanpura block and Raniganj North CBM block in West Bengal

Overstated output led to Rs 18,627-cr ONGC burden: CAG

The company had to bear a larger share of subsidy due to overstatement of reported crude oil production by inclusion of natural-gas condensate and off-gas

ONGC over-reported crude oil production by 12%: CAG

Besides, the over-reporting also resulted in over payment of performance related pay to the company executives and staff

ONGC on recruitment drive for 417 posts; invites GTs at E-1 level in Engineering & Geo-Sciences

Interested candidates have to apply online through ongcindia.com. The last date to apply is August 10, 2016.

ONGC goes for market price for gas from two fields

Bidders to quote premium over notified price

ONGC faces Rs 392 crore additional royalty burden, Oil India stares at Rs 1,100 cr

State-owned Oil and Natural Gas Corp (ONGC) will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise. "We have to pay a total of Rs 392.50 crore to implement the order to pay royalty to state governments on revised terms from back date of February 2014," a senior ONGC official said. Of the Rs 392.50 crore, about Rs 300 crore would go to Assam and another Rs 91.86 crore to Andhra Pradesh. ONGC is already paying royalty at revised terms to Gujarat - the third major oil producing state. For Oil India Ltd, which produces most of its crude oil in Assam, the liability would be Rs 1,100 crore to Rs 1,150 crore. As per government mandate, ONGC and OIL offers discounts on crude oil to make up for a part of the losses refiners suffer on selling cooking gas (LPG) and kerosene at government controlled rates. These discounts also covered diesel till October ...

ONGC, Oil India to pay higher royalty to states

From April 2003, ONGC started paying royalty to the central government for its offshore fields at the post-discount price

ONGC, Oil India rally over 2% in trade

On 1 July 2016, the government raised the price of kerosene by 25 paise a litre, the first time in five years

ONGC, Oil India in demand

Going forward, if there is a progressive hike of kerosene then that will wipe out the entire kerosene subsidy for these companies

ONGC Videsh signs pact with SOCAR Trading

OVL's share of oil from Azeri, Chirag and Guneshli (ACG) group of fields in Azerbaijan will be traded through new venture