Page 8 - Ongc

ONGC joins hands with BP to boost oil and gas production in largest field

The field reached a peak production level of 471,000 barrels per day of oil in March 1985, and its output had declined to about 134,000 bpd in April 2024, according to the tender document floated

Stocks to Watch, Jan 6, 2025: Nykaa, HDFC Bank, Bajaj Finance, HUL, RIL

Stocks to Watch, Jan 6, 2025: From Nykaa to HDFC Bank, here is a list of stocks that will be on investors' radar today

Gas for LPG set to be diverted to city gas distribution companies

The latest order instructs ONGC and GAIL to divert 0.637 MMSCMD of gas, currently utilised for LPG production, towards CGD. Currently, 2.55 MMSCMD of gas is used for LPG production

ONGC, Oil India shares surge 4% as crude oil prices hits over 2-month high

ONGC share price: Brent crude futures were trading above $76 per barrel-mark, while WTI Crude was around $73.4 per barrel. Both of them were higher by up to 0.36 per cent today

Pawan Hans secures Rs 2,000 cr contract for ONGC offshore helicopter ops

Pawan Hans will deploy made-in-India Dhruv NG helicopters, manufactured by Hindustan Aeronautics Ltd (HAL), to the Oil and Natural Gas Corporation

Farmers' protest, Cyclone Fengal, windfall tax, Joe Biden pardons Hunter & more

Today, both houses of the Parliament agreed to hold discussions on the Indian Constitution. The debate will be held on December 13 and 14 in the Lok Sabha, and 16 and 17 in the Rajya Sabha.

Stocks to Watch, Nov 29: SBI, PC Jeweller, Nazara Tech, Adani Group shares

Stocks to Watch, Nov 29: Here are few stocks that will remain in focus for today's session

ONGC awaits mining lease for new oil field discoveries in WB's Ashokenagar

State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Asokenagar in West Bengal six years back but is still awaiting the state government's nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday. ONGC notified the first Asokenagar discovery in Block WB-ONN-2005/4 on September 24, 2018, Puri said in a written reply to a question in Lok Sabha. The discovery, he said was the outcome of continuous exploration efforts of ONGC in the Bengal sedimentary basin over five decades. As per initial laboratory studies, crude oil, which is refined into fuels like petrol and diesel, discovered in the Ashokenagar discovery is a light variety with American Petroleum Institute (API) gravity of 40-41 degrees and is almost similar to Bombay High and Brent Crude. "ONGC, accordingly, applied on September 10, 2020, to the Government of West Bengal for a grant of Petroleum Mining Lease (PML) for an

Dividend stocks: Cochin Shipyard, MRF, 21 others to trade ex-date tomorrow

Here is the complete list of stocks that will remain in the spotlight during trading sessions following their dividend announcements to shareholders as they go ex-date on Tuesday, November 19, 2024

Dividend Stocks: ONGC, MRF, Akzo Nobel, 42 others to turn ex-date next week

Here is the complete list of stocks that will trade ex-dividend next week, along with key details of their dividend announcements

Stocks to watch, Nov 14: PFC, Eicher Motors, Vi, Nalco, Swiggy, ONGC

Stocks to watch, Nov 14: Here are few stocks that will be in limelight for today's session

ONGC to soon open 5 wells in KG basin to boost gas, crude output in H2FY25

Of the six announced discoveries so far in FY25, one has been monetised so far

ONGC share price up after Q2 profit jumps 17% YoY; Rs 6 dividend announced

The Board of Directors of ONGC has declared the first interim dividend of Rs 6 per equity share of face value of Rs 5 each for FY25

Stocks to watch, Nov 12: SBI, Britannia, Nykaa, Hindalco, ONGC, IRFC, LIC

Stocks to watch, Nov 12: Here are few stocks will be in focus for today's session

ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax

State-owned Oil and Natural Gas Corporation (ONGC) on Monday reported a 17 per cent rise in its second quarter net profit primarily because of lower windfall and other taxes. Standalone net profit of Rs 11,948.02 crore in July-September -- the second quarter of the current 2024-25 fiscal year -- was higher than Rs 10,238.10 crore earning in the same period last year, according to a company's stock exchange filing. The profit was also higher than Rs 8,938.10 crore earning in the preceding quarter of April-June 2024. The rise in profit was primarily because of lower windfall tax levied by the government as oil prices dropped. ONGC paid Rs 7,829.51 crore in statutory levies in Q2, down from Rs 10,791.09 crore in July-September 2023 and Rs 9,771.95 crore in April-June 2024. The government levies a windfall profit tax on domestic producers of crude oil to take away extraordinary gains they make when international oil prices shoot up in the aftermath of Russia's invasion of Ukraine. Pr

ONGC ex-manager Sonkar convicted in graft case after 16 year trial

A special CBI court in Ahmedabad has sentenced a former ONGC manager to three years of rigorous imprisonment in a 2006 case of amassing assets disproportionate to his known sources of income, officials said here. The court also imposed a fine of Rs 25 lakh on the accused, Kishanram Hiralal Sonkar, after the protracted trial. The Central Bureau of Investigation had registered an FIR against Sonkar, then Manager, F&A, ONGC, Ankleshwar in 2006 for allegedly amassing illicit assets to the tune of Rs 14.11 lakh between 2002 and 2006 which were 84 per cent over his known sources of income. During the investigation, the CBI detected nearly eight lakh worth of disproportionate assets, taking the total illicit wealth to Rs 22.15 lakh under his possession, they said. The CBI had filed a chargesheet in 2008 after which a long legal battle ensued, culminating in Sonkar's conviction by the special court in Ahmedabad, they said.

Q2 results today: Hindalco, ONGC, Britannia among 321 to post earnings

Q2 company results, November 11: Shree Cements, Jubilant FoodWorks, Bank of India, NMDC, and Ramco Cements will release their Q2FY25 results today

ONGC, NTPC form joint venture to advance renewable, new energy interests

JVC will contribute significantly to India's renewable energy landscape, drive innovation and foster environmental stewardship

ONGC looks at mini-LNG plants to evacuate natural gas from isolated fields

State-owned Oil and Natural Gas Corporation (ONGC) is looking to set up mini-LNG plants to evacuate natural gas from wells located in areas that are not connected with pipelines. The firm has identified five sites in Andhra Pradesh, Jharkhand and Gujarat for setting up mini plants at wellhead that will convert the gas pumped out from under the ground into liquefied natural gas (LNG) by supercooling it to minus 160 degrees celsius. This LNG will be loaded on cryogenic trucks and transported to the nearest pipeline where it will be reconverted into its gaseous state and pumped into the network for supply to users like power plants, fertilizer units or city gas retailers. ONGC has floated a tender seeking manufacturers/service providers to tap stranded natural gas, according to the tender. The locations identified for setting up mini-LNG plants in the tender are two sites at Rajahmundry in Andhra Pradesh and one each at Ankleshwar in Gujarat, Bokaro in Jharkhand and Cambay in ...

Oil India, ONGC surge up to 6% in weak market on rising crude oil prices

In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies.