ONGC Q3 Net dips 64% to Rs Rs 1,286 crore, lowest in 15 years
Net profit of Rs 1,286 crore in October-December was 64 percent lower than Rs 3,571 crore in the same period a year ago, ONGC Chairman and Managing Director Dinesh K Sarraf told reporters here.
Feb 11, 2016, 21:24 PM IST
Govt exempts ONGC, Oil India from fuel subsidy payment in Q3
Government has exempted state-owned ONGC and Oil India from payment of fuel subsidy in the third quarter ended December 31, as slump in oil prices dented their revenues.
Feb 09, 2016, 18:35 PM IST
Govt's gas pricing formula not viable to develop KG gas: ONGC
State-owned Oil and Natural Gas Corp (ONGC) has sent an urgent message to Petroleum Ministry, saying the natural gas prices according to a formula approved by the BJP-led government was not viable to develop its KG basin discoveries.
Feb 04, 2016, 20:55 PM IST
ONGC gets green nod for Rs 53,000 crore KG basin infra project
State-owned ONGC has got environmental clearance for drilling 45 development wells and other related infrastructure involving a cost of over Rs 53,000 crore in the Krishna-Godavari basin in Andhra Pradesh.
Jan 24, 2016, 18:38 PM IST
ONGC Videsh refinances $1.78 bn loan at lower coupon rates
In a first by a public sector firm, ONGC Videsh Ltd has refinanced a USD 1.775 billion loan at lower rates to save nearly USD 37 million in interest payout, besides extending the repayment tenure.
Jan 17, 2016, 11:50 AM IST
ONGC suffered Rs 8,000 crore loss for poor rig management: CAG
In a report tabled in parliament, the CAG said ONGC`s non-productive time or idling time of rigs ranged between 19 and 23 percent over 2010-14.
Dec 09, 2015, 23:28 PM IST
ONGC Videsh close to winning $5-bn Farzab-B gas field rights
ONGC Videsh Ltd-led consortium is close to winning USD 5 billion rights to develop Iran's Farzad-B gas field and convert the gas produced from it into LNG for shipping to countries like India.
Dec 07, 2015, 17:45 PM IST
ONGC sees 20-30% lower capex next fiscal on crude price slump
ONGC will maintain its capex plan for this year at the same level as last year at about Rs 30,000 crore, its chairman Dinesh K Saraf has said.
Nov 24, 2015, 21:15 PM IST
About 11.12 bcm gas of ONGC shifted to RIL's KG-D6: Consultant
About 11.12 billion cubic metres of natural gas worth Rs 11,055 crore have flowed from idling Bay of Bengal blocks of the state-owned Oil and Natural Gas Corporation (ONGC) to neighbouring KG-D6 fields of Reliance Industries, US-based consultant D&M has said.
Nov 22, 2015, 12:43 PM IST
ONGC to intensify exploration activities, secures more rigs
Oil and Natural Gas Corporation (ONGC) is expected to increase its upstream capital expenditure by 10 per cent next year and intensify its exploration activities, taking advantage of the current depressed global energy market.
Oct 28, 2015, 08:10 AM IST
ONGC swamped with offers for hiring deep sea rigs
With the sharp cut in investments by global oil majors leaving drilling rigs with no business, state-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
Sep 27, 2015, 13:15 PM IST
ONGC says expert report to decide its dispute with RIL
With Delhi High Court disposing its petition alleging natural gas from its KG block seeping into neighbouring fields of Reliance Industries, state-owned ONGC has said an independent expert report next month will determine if its apprehensions were right or wrong.
Sep 16, 2015, 20:10 PM IST
ONGC Videsh loses bid for two oil blocks in Mexico
ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
Jul 17, 2015, 18:23 PM IST
Protest affects ONGC's production in Assam
Production at all oil fields of Oil and Natural Gas Corporation (ONGC) in Assam was affected Monday following a 100-hour 'ONGC bandh' called by All Assam Students Union to press for their various demands.
Jul 13, 2015, 21:52 PM IST
ONGC Videsh gets parent backing for spending allowance hike
State-owned Oil and Natural Gas Corporation (ONGC) today said it supports its overseas investment arm's move to seek increase in spending allowance and sees more acquisition opportunities abroad.
Jun 19, 2015, 00:01 AM IST
ONGC Videsh to invest $400 mn in Kazakhstan
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday.
Jun 17, 2015, 19:43 PM IST
ONGC Videsh pulls out of Brazil's Poco-Verde oil block
ONGC Videsh Ltd has pulled out of Brazil's Poco-Verde oil block where a new light oil discovery was made earlier this week.
Jun 04, 2015, 21:55 PM IST
ONGC profit dips 19.5% on higher costs, write-off
State-owned ONGC Thursday reported 19.5 percent drop in net profit to Rs 3,935 crore for the quarter ended March 31, 2015, mainly due to higher operating cost and write-off on dry wells drilled.
May 28, 2015, 18:49 PM IST
ONGC Videsh posts 57% drop in net profit at Rs 1,904 cr in FY15
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), Monday reported a 57.16 percent fall in its net profit at Rs 1,904 crore in FY 2014-15, mainly due to lower oil prices.
May 25, 2015, 21:39 PM IST
ONGC, its partners developing LNG terminal in Mozambique
In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.
May 18, 2015, 18:31 PM IST
