Friday, Dec 09, 2022 | Last Update : 04:12 AM IST

Oil and Natural Gas Corp (ONGC)

ONGC reports highest net profit of ₹40,306 cr; becomes India's 2nd most profitable firm

ONGC displaced Tata Steel for the No.2 spot. Tata Steel on May 3 reported a standalone net profit of Rs 33,011.18 crore

29 May 2022 11:17 AM

ONGC may rationalise capex after COVID-19 impacts project execution

About 9 percent of the company's natural gas output was impacted by inability of customers to take supplies due to coronavirus lockdown

21 Jun 2020 12:37 PM

ONGC asks govt to cut cess, royalty, free gas price to help company survive

While the gas price is way below the cost of production, high tax incidence is resulting in cash losses even on crude oil output

05 Apr 2020 12:49 PM

ONGC pushes for higher gas price to produce KG basin, Kutch discoveries

The company wants a price of over USD 6 per mmBtu to help it produce the gas without suffering any losses.

26 Nov 2017 11:25 AM

Sensex, Nifty rise marginally; RIL, ONGC stocks gain

Reliance was the biggest contributor to gains on the NSE Nifty, closing nearly 1 per cent higher as oil prices dropped overnight.

20 Nov 2017 4:14 PM

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ONGC Videsh turns focus to acquire overseas oil assets amid Iran gas row

Indian firms led by ONGC Videsh have been negotiating with Iran for development rights of Farzad B gas field.

02 Nov 2017 6:34 PM

ONGC holds board-meeting at high sea

ONGC's new Chairman Shashi Shanker convened the company's 299th board meeting at a platform on Mumbai High field on Saturday.

29 Oct 2017 3:29 PM

Haven't heard from Iran on USD 11 bn offer for gas field: OVL

Iran wants a high price of the natural gas, making the investment practically unviable.

09 Oct 2017 4:01 PM

ONGC may sell stake in IOC to LIC to fund HPCL deal

ONGC has already secured shareholder nod to raise up to Rs 25,000 crore debt.

09 Oct 2017 1:56 PM

Shashi Shanker takes over as ONGC Chairman, MD

Shanker replaces Dinesh K Sarraf, who superannuated from service on Saturday.

01 Oct 2017 12:00 PM

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PM to inaugurate ONGC's new building named after Pandit Deendayal Upadhyay

Company sources said Modi will unveil a statue of Hindutva icon Upadhyaya and address ONGCians at a function on Monday evening.

24 Sep 2017 10:59 AM

ONGC sells Nov Sokol crude at highest premium in 2017: sources

The 700,000-barrel cargo was sold to Vitol at a premium of USD 4.50 a barrel above Dubai quotes.

22 Sep 2017 11:12 AM

ONGC discovers 'good' offshore oil, gas zone: sources

ONGC tested nine zones in the well, the two sources with knowledge of the matter told Reuters.

20 Sep 2017 1:10 PM

ONGC to raise Rs 25,000 crore to fund acquisition of HPCL

ONGC has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of 51.11 per cent stake in HPCL.

04 Sep 2017 4:32 PM

ONGC seeks investment banker to manage HPCL acquisition

The board of ONGC on Monday gave 'in principle approval' for acquisition of the government stake in HPCL.

22 Aug 2017 7:45 PM

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GAIL, GSPL at loggerheads over transportation of ONGC gas

GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore. 

06 Aug 2017 3:10 PM

Fall in gas price take ONGC Q1 net profit down by 8.2 per cent

The company got USD 51.03 for every barrel of crude oil it produced from fields.

27 Jul 2017 8:39 PM

ONGC confirms govt slapping it, RIL, Dutch Shell with USD 3.9 bn demand

The demand is in interpretation of contract for the Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea.

27 Jul 2017 7:39 PM

ONGC reports 8 per cent drop in Q1 net profit

Revenue was up at Rs 19,073.54 crore, from Rs 17,784.75 crore in the first quarter of 2016.

27 Jul 2017 6:18 PM

ONGC financial ratio to remain same post HPCL acquisition: report

The divestment may be gradual and ONGC could meanwhile fund the HPCL stake purchase using a bridge loan.

25 Jul 2017 9:21 PM

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