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Page 2 - Oil & Natural Gas Corpn Ltd News
Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%
The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.
 "Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%")
Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp
Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.
 "Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp")
Unfinished business: ONGC facing question marks over future structure, role
This is an unnecessary overhang, since the company has not been on an investment spree
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said
Bulls ride PSE index to historic peak, half of index stocks on breakouts
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
 "Bulls ride PSE index to historic peak, half of index stocks on breakouts")
ONGC, Oil India gain 3%; hit over 8-month highs
In past one month, Oil India has rallied 23%, while, ONGC surged 11%, as compared to 0.33 per cent decline in the S&P BSE Sensex.
 "ONGC, Oil India gain 3%; hit over 8-month highs")
Oil India, ONGC gain up to 4% on improved earnings outlook
Sustained higher crude oil prices and gas realisations can result in better profitability for upstream companies, say analysts.
 "Oil India, ONGC gain up to 4% on improved earnings outlook")
ONGC to invest $2 bn in Mumbai offshore to raise oil, gas output
India's top oil and gas producer ONGC will invest over USD 2 billion in drilling a record 103 wells on its main gas-bearing asset in the Arabia Sea as it pivots a turnaround plan that will add 100 million tonnes to production, a company official said. Oil and Natural Gas Corporation (ONGC) has three main assets off the west coast - Mumbai High, Heera and Neelam, and Bassein and Satellite, which contributed the bulk of 21.7 million tonnes of oil and 21.68 billion cubic metres of gas it produced in 2021-22. "We have released a record 103 locations for drilling of wells on the Bassein and Satellite (B&S) assets over the next 2-3 years," ONGC Director (Offshore) Pankaj Kumar said. The wells will tap smaller and hereto untapped reservoirs and help raise output. "We estimate that this development drilling will enhance production by over 100 million tonnes of oil and oil equivalent gas over the life of the field," he said. "The investment involved in drilling and facilities will be over .
 "ONGC to invest $2 bn in Mumbai offshore to raise oil, gas output")
Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes
Oil & Natural Gas Corporation and Reliance Industries can rise up to 8 per cent
 "Charts indicate robust bias for RIL, ONGC amid GST inclusion hopes")
