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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
Across India’s deserts, scientists trace a vanished river linked to Saraswati, where satellite clues, buried channels, and ancient settlements raise fresh questions about climate change, civilisation collapse, and myth history.
The upstream major has further planned to develop 50-55 MW (megawatt) of small modular reactors for its own captive use.
Going ahead, the upstream major will focus on exploration activities in the east coast including the Mahanadi basin, KG basin, Cauvery, and the Andaman.
Oil prices are rising amid supply concerns after a severe winter storm disrupted US crude output and exports. Additionally, rising tensions in the Middle East are also supporting prices.
ONGC has floated a tender during the first week of January and has reached out to as many as ten global players including Shell, ExxonMobil, TotalEnergies, and Chevron seeking bids from them.
Back in 2024, ONGC Videsh has sought a ‘specific license’ to operate in Venezuela from the US Department of Treasury.
Recognition of LPG under-recovery compensation from November 2025, along with lower per-cylinder LPG under-recoveries on-quarter, should provide support to blended marketing margins, as per Motilal Oswal.
The episode unfolded at an ONGC installation in Irusumanda village under the Razole mandal, where maintenance activity was in progress.
The domestic brokerage gave a price target of Rs 205 for the stock, which indicates a potential downside of up to 12% from the current market price
The Committee on Public Undertakings noted that project cycles of oil and gas sector projects, ageing fields and past disruptions have contributed to stagnant or declining domestic production despite high capital expenditure.
Motilal Oswal recommended Neutral rating on ONGC with a target price of Rs 250 in its research report dated November 11, 2025.
The state of Gujarat used to levy 15% VAT on all gas sold within the state - both APM as well as imported LNG. After October 1, ONGC has started to levy lower tax for inter-state sale of gas to CGDs, fertilizer companies and power plants.
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
CCUS technologies aim to reduce greenhouse gas emissions, helping to mitigate climate change and achieve net-zero emission goals.
Bharat Petroleum Corporation Limited (BPCL) and Oil and Natural Gas Corporation Limited (ONGC) are currently working on DFRs of their respective upcoming refineries in India.
Estimates from brokerages polled by Moneycontrol show that the quarterly revenue is projected at Rs 34,982 crore, a drop of over 10 percent both year-on-year and quarter-on-quarter. The net profit is seen at Rs 7,558.90 crore, down 15.4 percent QoQ due to weaker oil realisations, but up 17 percent on year.
Crude oil prices climbed as markets awaited a 'major announcement' from US President Donald Trump related to Russia.
OPEC+ announced over the weekend its plan to hike production by 5.48 lakh barrels per day (bpd) in August, which is significantly higher than the 4.11 lakh bpd monthly increase in output approved by the organization for May, June and July.
On June 12, gushes of gas were observed from the well at ONGC’s Rudrasagar oil field in Barichuk
State-run Oil and Natural Gas Corporation, which is currently working on the detailed feasibility report, is in talks with Saudi Arabia for a joint venture company to establish the greenfield refinery in Gujarat.
A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.
Brent Crude futures were hovering around $69 per barrel on June 24.
