Oil And Natural Gas Corp

Reliance Industries, Paytm, Ola Electric were among the top gainers and losers in trade on January 8

ONGC higher on hopes of getting US waiver to lift Venezuelan oil

The Reuters report said ONGC is optimistic of winning an exemption from US sanctions on Venezuela.

ONGC gets better price for oil under new rules: Sources

ONGC, the country's top oil explorer, accepted bids at that level through auction of light sweet oil from its western offshore field, including supplies from the country's flagship Mumbai High fields, they said.

ONGC Q2 Results Preview: PAT expected to rise 60%, revenues may increase 52%

The oil exploration company is expected to have benefitted from lower operating costs and marginal rupee depreciation, while gas realisations are expected to remain stable sequentially.

ONGC signs contract for 7 blocks, OIL 4 blocks

Oil India Ltd signed up for the remaining four blocks awarded under the fifth bid round of Open Acreage Licensing Policy (OLAP).

ONGC wins 7 oil blocks, Oil India 4 in latest bid round

The government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).

ONGC manages to save golf course that houses oil wells in Gujarat

The Department of Investment and Public Asset Management (DIPAM), erstwhile called the department of disinvestment, had in May 2019 decreed golf courses and sports clubs owned by central public sector enterprises as non-core assets and wanted them to monetise them.

ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody's

"We expect ONGC's earnings to decline and its credit metrics to weaken because of lower oil prices over the next 12-18 months," Moody's said in a report on Asian national oil and gas companies.

ONGC to lose Rs 4,000cr on new gas price; seeks freeing of gas prices

On April 1, the gas price was reduced from $3.23 per mmBtu to $2.39 - an 84 cent reduction which translates into annual Rs 4,000 crore of revenue loss.

ONGC, HPCL buy out bankers in Petronet MHB for Rs 371cr

ONGC and HPCL bought 17.28 per cent stake each from lenders, the firms said in separate but almost identical regulatory filings.

ONGC raises $300 mn via 10-year bond at coupon 3.375%; lowest by any Indian issuer

At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate.

ONGC Q1 net dips 3.9% on lower oil price, production

ONGC got $66.30 for every barrel of crude oil produced and sold, down 7.3 per cent from $71.49 a barrel net realisation in April-June 2018.

ONGC discovers 230 mn tonnes of oil reserves: Dharmendra Pradhan

In a written reply to a question in the Lok Sabha, he said India's top oil and gas producer ONGC as on April 1, 2019, has in place oil reserves of 459.84 million tonnes.

ONGC seeks partners to boost output from over 60 small oil and gas fields

It said companies could bid individually or in groups to work with ONGC on the fields, located in 17 areas and estimated to hold reserves of 300 million tonnes of oil equivalent.

ONGC board to consider listing of ONGC Videsh on domestic exchanges: Sources

The move to float the unit ” which has investments in 11 producing assets in countries including Russia, Brazil, United Arab Emirates, Sudan and Venezuela ” is part of a government push to sell state assets to raise funds.

ONGC gets $32 million payment from Venezuela's PDVSA

"In between there was some break because of financial strain in their country. We hope now PDVSA will be regular and the agreed mechanism will continue," Verma added.

India to appeal arbitration ruling on Reliance-ONGC dispute

Reliance and its partners BP Plc and Niko Resources filed an arbitration notice against the government in November 2016 after the government imposed a $1.55 billion fine on the consortium for selling gas that migrated from state-owned ONGC's fields in the east coast Krishna-Godavari basin.

ONGC floats first tender to sell Brazil's ostra crude

ONGC Videsh, the overseas investment arm of ONGC, owns a 27 percent stake in BC-10 block in Brazil.

ONGC sets $2.64 billion capex for drilling oil, gas wells in 2018/19

ONGC aims to drill 535 oil and gas wells in this fiscal year to March 2019, compared with 503 well drilled in the previous year, the company said in a statement.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

ONGC to acquire stake in UAE’s ADNOC oil offshore concession - sources

India's biggest explorer Oil and Natural Gas Corp (ONGC) is due to sign a contract on Saturday to acquire a stake in Abu Dhabi National Oil Company (ADNOC)'s offshore oil concession

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at today's market price is worth about Rs 26,600 crore. It has another 4.87 per cent stake in GAIL India Ltd, worth Rs 1,637 crore.

India may offer up to 60% stakes in producing fields to private companies - sources

The government is making the decision after failing to draw investment from global oil majors in new fields. The plan would boost India's domestic oil and gas output and would meet Prime Minister Narendra Modi's target to reduce oil imports by 10 percent by 2022. However, the plan could reduce profits of state-owned companies.

ONGC seeks market freedom to open India's 8th sedimentary basin

ONGC, which has opened for commercial production six out of India's seven producing basins, has made a significant natural gas discovery in the Gulf of Kutch of Gujarat coast that can produce about three million standard cubic meters per day, a senior company official said.

OVL shortlisted for oil, gas field auction in Mexico

Mexico is offering 15 shallow-water exploration blocks in the second round of hydrocarbon auction, called round 2.1. These blocks cover a combined area of 8,908 sq km and hold prospective resources of 4 billion barrels of oil and oil equivalent gas.