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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

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  • ONGC Q1 Result | Profit jumps 251% to Rs 15,206 crore, revenue grows 84% Aug 12, 2022 07:33 PM IST

    ONGC Q1 Result | Profit jumps 251% to Rs 15,206 crore, revenue grows 84%

    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.

  • Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd relating to Barmer oil field Aug 12, 2022 12:37 PM IST

    Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd relating to Barmer oil field

    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.

  • India needs a new strategy for its natural gas Aug 12, 2022 09:46 AM IST

    India needs a new strategy for its natural gas

    The geopolitics of natural gas could severely affect India’s economy as input prices go up in key sectors

  • OVL in talks to acquire stake in Tullow's $3.5 billion project Jul 30, 2022 04:55 PM IST

    OVL in talks to acquire stake in Tullow's $3.5 billion project

    Kenya’s Cabinet Secretary in the Ministry of Energy Monica Juma in a tweet confirmed the talks.

  • ONGC Videsh, Indian Oil weigh stake in $3 billion Kenya project Jul 30, 2022 09:32 AM IST

    ONGC Videsh, Indian Oil weigh stake in $3 billion Kenya project

    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

  • ONGC, partners to splash $6.2 billion on green energy projects Jul 28, 2022 11:52 AM IST

    ONGC, partners to splash $6.2 billion on green energy projects

    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.

  • ONGC inks MoU with Greenko ZeroC to make renewables, green hydrogen Jul 26, 2022 07:26 PM IST

    ONGC inks MoU with Greenko ZeroC to make renewables, green hydrogen

    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 appointed as managing director of ONGC Videsh Jul 20, 2022 03:17 PM IST

    Rajarshi Gupta appointed as managing director of ONGC Videsh

    Rajarshi Gupta replaces Alok Gupta, who superannuated as MD of ONGC Videsh last month.

  • ONGC and Reliance to roar after windfall tax cut: Morgan Stanley Jul 20, 2022 10:03 AM IST

    ONGC and Reliance to roar after windfall tax cut: Morgan Stanley

    "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.

  • Windfall tax review more likely than expected after sharp fall in global crude oil prices Jul 13, 2022 02:23 PM IST

    Windfall tax review more likely than expected after sharp fall in global crude oil prices

    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).

  • ONGC hopes its Sakhalin-1 stake will not be affected by Russian takeover Jul 08, 2022 06:57 AM IST

    ONGC hopes its Sakhalin-1 stake will not be affected by Russian takeover

    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.

  • ONGC Q1 PAT seen up 240.2% YoY to Rs. 14,745.1 cr: Prabhudas Lilladher Jul 07, 2022 01:34 PM IST

    ONGC Q1 PAT seen up 240.2% YoY to Rs. 14,745.1 cr: Prabhudas Lilladher

    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.

  • Crude Shock: ONGC and Oil India tumble up to 7% extending losses Jul 06, 2022 11:22 AM IST

    Crude Shock: ONGC and Oil India tumble up to 7% extending losses

    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

  • Windfall tax: Morgan Stanley says ONGC to be bruised but RIL is better placed Jul 01, 2022 03:53 PM IST

    Windfall tax: Morgan Stanley says ONGC to be bruised but RIL is better placed

    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.

  • Refining and oil drilling shares hit the skids after government govt levies tax on crude production, fuel exports Jul 01, 2022 10:31 AM IST

    Refining and oil drilling shares hit the skids after government govt levies tax on crude production, fuel exports

    The government decision led to a bloodbath in the petroleum block on Dalal Street

  • Four die after ONGC helicopter makes emergency landing in Arabian Sea Jun 28, 2022 06:26 PM IST

    Four die after ONGC helicopter makes emergency landing in Arabian Sea

    The company has set up an inquiry to look into the reasons behind the incident.

  • ONGC chopper falls into sea; 6 out of 9 rescued so far Jun 28, 2022 02:29 PM IST

    ONGC chopper falls into sea; 6 out of 9 rescued so far

    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.

  • ONGC helicopter makes emergency landing in Arabian Sea; all 9 onboard rescued Jun 28, 2022 01:32 PM IST

    ONGC helicopter makes emergency landing in Arabian Sea; all 9 onboard rescued

    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 announces new oil discovery in Colombia Jun 23, 2022 07:24 PM IST

    ONGC Videsh announces new oil discovery in Colombia

    ONGC Videsh had earlier discovered oil in Mariposa and Indico fields in the years 2017 and 2018, respectively.

  • Oil ministry proposes higher age limit, shorter tenure for ONGC chairman Jun 19, 2022 09:49 PM IST

    Oil ministry proposes higher age limit, shorter tenure for ONGC chairman

    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 says oil movement from Sakhalin-1 project disrupted due to sanctions Jun 13, 2022 02:22 PM IST

    OVL says oil movement from Sakhalin-1 project disrupted due to sanctions

    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.

  • ONGC to finalise collaboration with global exploration and production players before FY23-end Jun 06, 2022 12:36 PM IST

    ONGC to finalise collaboration with global exploration and production players before FY23-end

    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

  • ONGC's nominee director appointment on HPCL board stuck in paperwork Jun 05, 2022 10:56 AM IST

    ONGC's nominee director appointment on HPCL board stuck in paperwork

    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.

  • Solid cash flow to support ONGC's higher investments: S&P Jun 03, 2022 04:10 PM IST

    Solid cash flow to support ONGC's higher investments: S&P

    The rating agency said favourable crude oil prices will support ONGC’s earnings over the next 12 months and underpin the increased investments.

  • ONGC sees oil production rising 11%, gas jumping 25% by FY25 May 31, 2022 04:17 PM IST

    ONGC sees oil production rising 11%, gas jumping 25% by FY25

    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.

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