ONGC is an Indian public sector multinational crude oil and gas company based in New Delhi. It is owned by the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. More
The standalone revenue from operations for the June FY23 quarter grew by 84 percent to Rs 42,321 crore compared to the corresponding period last fiscal.
On Friday, the Supreme Court asked the Center to respond to an appeal filed by Vedanta Ltd. against a decision of the Delhi High Court involving a production sharing contract (PSC) between Vedanta and the ONGC to produce oil from the Barmer oil field in Rajasthan.
The geopolitics of natural gas could severely affect India’s economy as input prices go up in key sectors
Kenya’s Cabinet Secretary in the Ministry of Energy Monica Juma in a tweet confirmed the talks.
The potential deal signals the revival of Kenya’s aspiration to export oil on a commercial scale since Tullow discovered crude in the East African country in 2012
State-owned Oil and Natural Gas Corporation (ONGC) has signed a pact with Greenko, one of India's largest renewable energy companies, to form a 50:50 joint venture for green energy projects.
The activities envisaged under this MoU will contribute towards India’s target of producing of 5 million tonnes of Green hydrogen per annum by 2030.
Rajarshi Gupta replaces Alok Gupta, who superannuated as MD of ONGC Videsh last month.
"The two should imply 25-40 percent upside to equities as energy markets are expected to remain tight despite current volatility in oil and reduction in global fuel margins from peak levels,” said Morgan Stanley.
In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or USD 12 per barrel) and diesel (Rs 13 a lire or USD 26 a barrel) and imposed a windfall tax on domestic crude production (Rs 23,250 per tonne or USD 40 per bbl).
A senior Russian lawmaker said on Thursday that Moscow would take control of the Sakhalin-1 oil and gas project in which ExxonMobil, Japan's SODECO and India's ONGC Videsh are partners, a week after taking over the neighbouring Sakhalin-2.
Net Sales are expected to increase by 80.5 percent Y-o-Y (up 20.4 percent Q-o-Q) to Rs. 41,549.2 crore, according to Prabhudas Lilladher.
Oil plummeted about 9 per cent on Tuesday in the biggest daily drop since March on growing fears of a global recession and lockdowns in China
Morgan Stanley said higher cess on domestic crude production of ONGC and Oil India (OIL) was a negative surprise and should imply downside risks for the sector multiple over the medium term.
The government decision led to a bloodbath in the petroleum block on Dalal Street
The company has set up an inquiry to look into the reasons behind the incident.
The chopper was attempting to land at the rig, located some 50 nautical miles from the Mumbai coast, when the incident took place. About 1.5 km from the landing zone on the rig, the chopper fell into the sea, the official said.
The chopper was attempting to land at the Sagar Kiran rig, located some 50 nautical miles from the Mumbai coast, officials told PTI.
ONGC Videsh had earlier discovered oil in Mariposa and Indico fields in the years 2017 and 2018, respectively.
The Ministry has proposed that any candidate to be eligible for consideration should not be more than 60 years of age on the date of occurrence of vacancy
OVL holds a 20 per cent stake in Sakhalin-1 where ExxonMobil's Russian subsidiary, Exxon Neftegaz, is the operator. Exxon has announced its exit from the project following Russia's invasion of Ukraine and has reportedly begun withdrawing expatriates from the project.
Mittal hit the ground running and identified collaborations for exploration and production and a thrust on technology as key areas to steer and scale up the state-owned energy company as India strives for energy security
After spending Rs 36,915 crore to acquire a majority equity stake in the company, ONGC has to toil through paperwork to get its sole nominee director appointed on the board of HPCL.
The rating agency said favourable crude oil prices will support ONGC’s earnings over the next 12 months and underpin the increased investments.
After additional discoveries in the western and eastern offshore began producing, ONGC claimed its crude oil production would grow 11% and natural gas output will jump 25%, reversing a downward trend in recent years.