Page 3 - Oil And Natural Gas Corporation
Centre approves Rs 5,600-cr for 1,656 km-long North East Gas Grid
The eight states are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura
 "Centre approves Rs 5,600-cr for 1,656 km-long North East Gas Grid")
ONGC bags all 7 oil and gas blocks in fourth round of OALP auction
The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas
 "ONGC bags all 7 oil and gas blocks in fourth round of OALP auction")
ONGC gets all 7 oil, gas blocks in latest bid, adds 18,510 sq km of area
ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present
 "ONGC gets all 7 oil, gas blocks in latest bid, adds 18,510 sq km of area")
ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer
At 3.375 per cent interest rate, this is the tightest coupon for 10-year or longer tenor offering from India ever achieved by any Indian corporate
 "ONGC raises $300 mn via bond at 3.375%, lowest rate by any Indian issuer")
ONGC net profit falls 37% in Sep quarter on lower oil prices, production
Oil production fell 3.9% to 5.8 million tonnes while gas output fell 1.6% to 6.2 billion cubic metres
 "ONGC net profit falls 37% in Sep quarter on lower oil prices, production")
Only 8 bids for 7 oil blocks: Tweaked licensing terms draw little interest
The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said
 "Only 8 bids for 7 oil blocks: Tweaked licensing terms draw little interest")
Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan
Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market
 "Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan")
Andhra villagers wary of flames from oil rig, want closure of ONGC plant
Fearful of the flames that have been rising from the oil rig, anxious villagers say they are afraid that it might catch fire and pose a threat to their lives
 "Andhra villagers wary of flames from oil rig, want closure of ONGC plant")
BPCL privatisation likely to clear the decks for strategic partner in HPCL
Offloading the BPCL stake will bring in, at the current market values, Rs 56,400 crore to the government's kitty
 "BPCL privatisation likely to clear the decks for strategic partner in HPCL")
ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells
The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state
After disruption, ONGC tries to ensure gas supply to households on priority
The Uran plant processes nearly half of the crude oil that ONGC sells to refineries and 12% of its natural gas sales
 "After disruption, ONGC tries to ensure gas supply to households on priority")
4 killed in fire at ONGC plant in Navi Mumbai; rescue operation underway
The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai
ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production
State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...
 "ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production")
HPCL plans to rectify shareholding pattern, accepts ONGC as a promoter
Sebi asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018
ONGC recruitment 2019: Know the last date to apply for 214 apprentice posts
Only residents of all districts of Maharashtra are eligible to apply for ONGC apprentice Jobs 2019
 "ONGC recruitment 2019: Know the last date to apply for 214 apprentice posts")
ONGC stock: Natural gas price revision, higher volumes are positives
Rising crude oil prices are positive for ONGC. The company has already seen its net realisation for oil, at $74.2 a barrel, rise 46 per cent year-on-year in the June quarter
 "ONGC stock: Natural gas price revision, higher volumes are positives")
ONGC declares second interim dividend of Rs 2.25 per share at 45%
The Record date for distribution of dividend has been fixed for March 14
 "ONGC declares second interim dividend of Rs 2.25 per share at 45%")
Whistle-blower flags irregularities, corruption in ONGC, alleges victimisation
He had apprised company authorities about irregularities and corrupt practices but was 'advised' to 'refrain' from further highlighting incidents to higher authorities
 "Whistle-blower flags irregularities, corruption in ONGC, alleges victimisation")
