Apr 12, 2021 05:24 PM IST

ONGC seeks buyers for KG gas, wants minimum $6.6 price

According to the tender document, ONGC intends to start natural gas sale from its KG-DWN-98/2 block, which sits next to Reliance Industries Ltd (RIL)-BP Plc operated KG-D6 fields, from June-end.

Domestic natural gas price kept unchanged at $1.79 per mmBtu for April-September

However, gas produced from difficult fields was seen down by 11 percent for the period, as compared to October to March period.

ONGC's share in India's oil, gas production jumps to 70% from 53% 10 years back

While Oil and Natural Gas Corporation (ONGC) maintained production levels, output by other operators has dropped, leading to an overall fall in India''s output and a sharp rise in import dependency.

IEX offloads 26% stake in Indian Gas Exchange to NSE, additional 5% to ONGC

Earlier this year, IEX announced the strategic investments of 5 percent each by leading players in the gas value chain – Adani Total Gas, Torrent Gas and GAIL (India) Ltd in IGX.

CERA Week: India to line up 10 hydrocarbon blocks under round VI of OALP

State-run Oil and Natural Gas Corporation (ONGC) had won seven out of 11 geographical areas on offer under the fifth bidding round held last year under the OALP. Oil India (OIL) won the remaining four blocks.

Buy ONGC; target of Rs 130: Emkay Global Financial

Emkay Global Financial is bullish on ONGC has recommended buy rating on the stock with a target price of Rs 130 in its research report dated February 18, 2021.

ONGC Standalone December 2020 Net Sales at Rs 17,023.80 crore, down 28.2% Y-o-Y

ONGC shares jump 5% as CLSA upgrades stock, raises target price

CLSA has raised the company's FY21 EPS by Rs 10-185 on stronger crude in Q4 and FY22-23. It said ONGC's standalone Q3 EBITDA was 13 percent ahead of its estimates, as reported by CNBC-TV18.

ONGC sees peak gas output of 15 million cubic metres per day from east coast block in 2024

India, the world's fourth biggest importer of liquefied natural gas, wants to boost local gas output as Prime Minister Narendra has set a target to raise the share of the cleaner fuel in the country's energy mix to 15 percent by 2030 from the current 6 percent.

ONGC Q3 profit falls 67% on drop in oil, gas prices

The ONGC board also approved formation of a new wholly-owned subsidiary company for focusing on gas and LNG business value chain subject to necessary approvals.

Budget 2021: Capital outlay for energy majors sees a rise

For FY22, investment in state-run oil and gas companies is pegged at Rs 104,870 crore, up from Rs 99,650 based on the revised estimates of FY21.

Elon Musk will give away $100 million for this, but what is Carbon Capture and why is it relevant?

Injecting carbon dioxide for EoR is a widely-used technology by oil and gas companies globally.

India's crude oil production falls nearly 4% in December

Natural gas production also dropped 7.11 percent year-on-year in December 2020.

L&T Hydrocarbon Engineering bags up to Rs 5,000 crore order from ONGC

The engineering and construction company, however, did not provide the exact value of the contract, but as per its project classification, the value of a large order ranges between Rs 2,500 crore and Rs 5,000 crore.

ONGC shares jump 23% in December so far; brokerages expect 24% upside

The stock has been witnessing decent traction of late as positive COVID-19 vaccine developments are fuelling hopes of a quicker-than-previously-expected recovery in oil demand.

ONGC share price up 3% after subsidiary ONGC Videsh strikes oil in Colombia

ONGC share price was trading at Rs 93.25, up Rs 3.40, or 3.78 percent at 09:22 hours. This is the fourth commercial find in the block by OVL

Buy ONGC; target of Rs 90: Motilal Oswal

Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 90 in its research report dated November 14, 2020.

Reduce ONGC; target of Rs 70: HDFC Securities

HDFC Securities recommended reduce rating on ONGC with a target price of Rs 70 in its research report dated November 18, 2020.

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).

HPCL board to consider share buyback on November 4

HPCL is the nation's second-biggest oil retailer. It owns two refineries – a 7.5 million tonnes unit in Mumbai and another 8.3 million tonnes facility at Visakhapatnam in Andhra Pradesh.

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).

Gas price revision – Who gains, who loses?

Downward revision in gas prices negative for upstream gas players, but positive for downstream gas marketing companies, fertilisers, tiles and power sectors

Government cuts natural gas price by 25 percent to $1.79

The price of new gas from difficult fields such as deepsea has also been cut to $4.06 per mmBtu from $5.61

Centre planning benchmark-linked floor price for locally produced natural gas: Report

The Ministry of Petroleum and Natural Gas has formed a panel to study the plan and explore other options to make gas production remunerative

In pics | Fire breaks out at ONGC plant in Surat; here's a look at the accidents in oil and natural gas sector in India

A massive fire broke out at the gas processing plant of ONGC at Hazira in Gujarat's Surat district on September 24