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Latest Articles in ongc

ONGC Signs Deal With ExxonMobil For Deep-sea Exploration In India

With its import dependence rising to 85 per cent for meeting oil needs, India has been seeking technical and financial support from global oil majors to find newer resources and raise domestic production. ONGC, the nation's top oil and gas producer, has been in talks with ExxonMobil for several months now to explore a partnership

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ONGC Q1 Results: Standalone Net Profit Jumps 251% YoY To Rs 15,206 Cr

Its standalone revenue from operations came in at Rs 42,320.72 crore, up 84 per cent for the quarter under review as against Rs 23,021.64 crore in the year-ago quarter

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SC Issues Notices To Govt, ONGC Over Vedanta's Appeal On Barmer Oil Field

The Centre's appeal was allowed by the division bench of the high court against that Vedanta moved the apex court

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ONGC Inks Gas Sale Agreements For Khubal Field In Tripura

Under the agreement, the GAIL and AGCL will receive 50,000 standard cubic metre of gas each from Khubal Gas Gathering Station (GGS), he said

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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

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Windfall Tax To Cut RIL & ONGC Profits, Govt Will Earn Rs 94,800 Cr: Moody's

The rating agency said the rise in tax payments is not expected to materially weaken the RIL or ONGC's credit quality because their margins will continue to be healthy

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ONGC Chopper Makes Emergency Landing In High-sea; 4 Rescued

The helicopter, which had six ONGC personnel onboard, and one belonging to a contractor working for the company, was forced to land using the floaters that are attached to such coppers that carry personnel and material from shore to offshore installations

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ONGC Seeks Minimum $17 Price For Coal Gas From Bokaro Block In Jharkhand

ONGC invited bids for the sale of 0.20 million standard cubic metres per day of gas it plans to produce from the Bokaro CBM block by the year-end, according to a tender document

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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

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ONGC Offers Stake In KG Block To Foreign Firms

ONGC has floated an initial tender seeking interest of global majors with "requisite technical expertise and financial strength" to join as partners in development of the Deen Dayal West (DDW) block as well as ultra-deep discoveries in Cluster-III of its KG-D5 area

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India's Crude Oil Production Falls 1% In April

India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas

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Assam Police Alerts Oil India, ONGC Of Possible Militant Attack

The two PSU energy majors have taken the security input "seriously" and already issued a series of "dos and don'ts" for their staff after meetings with various agencies such as CISF and AISF

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India Asks State Firms To Consider Buying Russian Oil Assets

The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum's subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL (India) Ltd, the sources said

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Sanctions Effect: ONGC Struggling To Move Russian Oil To Asia

India has been buying more Russian crude since Moscow invaded Ukraine, snapping up the popular Urals crude grade, while other buyers have shunned Russian exports

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ONGC Commissions Rs 6,000 Cr Projects To Boost Oil, Gas Output

"The two projects will result in an incremental gain of 7.5 million tonnes of oil and more than 1 BCM of gas," ONGC said in the statement

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