Page 13 - Ongc

ONGC sells Dec Russian Sokol crude at highest premium since Jan 2020

Indian explorer ONGC Videsh has sold a cargo of Russian Sokol crude loading in December at the highest premium since January 2020

Govt receives over Rs 2,800 cr dividend from CIL, ONGC this fiscal

The government has received over Rs 2,800 crore as dividend from Coal India and ONGC this fiscal year (FY), DIPAM secretary said on Tuesday. "Government of India has respectively received about Rs 1426 cr from Coal India Ltd and Rs 1406 cr from ONGC as dividend in this FY recently," DIPAM Secretary Tuhin Kanta Pandey tweeted. As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March), the government has received Rs 4,576 crore as dividend from CPSEs. Besides, Rs 9,110 crore has been mobilised through disinvestment in various Central Public Sector Enterprises (CPSEs) so far this fiscal.

Natural gas price increase positive for ONGC, Reliance: Fitch

The gas price increase will hit the fertiliser sector's profitability by increasing working-capital requirements, Fitch said.

ONGC regains Rs 2-trn market cap as stock jumps 8% on higher oil prices

In past one month, the stock has surged 31 per cent as against a 2 per cent rise in the S&P BSE Sensex; Crude oil prices have soared 47 per cent on YTD basis

Domestic natural gas price up by over 60%: Impact and future outlook

Debasish Mishra, a partner at Deloitte in India, explains the impact of the latest price revision, and the future outlook for gas, in this conversation with Twesh Mishra. Listen in

Oil India hits 31-month high; ONGC at 52-week high on gas price hike

Domestic natural gas prices have been hiked by 62% to $2.9/ mBtu for the October 2021 to March 2022 period

ONGC Videsh begins exploratory drilling in Bangladesh's Kanchan #1 well

The exploratory well is planned to be drilled to a depth of 4,200 metres and will be targeting two prospective formations; Kanchan #1 will be followed by drilling at two more locations

ONGC, RIL among likely winners in Asian markets from China's energy crunch

More than half of China's mainland provinces are limiting electricity use, forcing factory shutdowns that are reverberating through global supply chains.

Nifty outlook: Technical indicators suggest turbulence ahead; stay cautious

Traders are advised to continue with a stock specific approach but keep booking timely profits as well

Global oil and gas investment will be 30% below pre-Covid level: ONGC

Says country's energy mix leans heavily on fossil fuels, which meet 90% of domestic demand; India's energy needs to at least double by 2050 with strong growth expected in natural gas

ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%

The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers

Rising energy prices spell gains for oil producers

ONGC, Oil India stand to gain, but downstream players may feel the heat

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States

Stocks to watch: Shree Cement, ZEEL, Voda Idea, Srei Infra Finance, ONGC

Ace investor Rakesh Jhunjhunwala's Rare Enterprises Ltd and BofA Securities Europe SA on Tuesday bought shares of Zee Entertainment Enterprises worth over Rs 225 crore

ONGC likely to buy out IL&FS stake in Mangalore Special Economic Zone

The deal is likely to be concluded at 'fair value' after ONGC's attempt to buy out the shadow lender's stake in JV at deep discount failed

Petronet LNG seeks fresh foray into the petrochemical business

Petronet LNG Ltd is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast

CCI approves 26% stake-buy in ONGC Tripura Power Company by GAIL

Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India). The stake is being acquired from IL&FS group companies IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd. GAIL had participated in an open bidding process and had emerged as the highest bidder pursuant to the expression of interest issued for acquiring 26 per cent stake held by the IL&FS Group in ONGC Tripura Power Corporation Ltd, as per a combination notice. "Commission approves acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India)," the Competition Commission of India (CCI) said in a tweet. The combined value of assets and turnover of GAIL India and ONGC Tripura for the financial year ending March 2020 are Rs 71,959.84 crore and Rs 73,408.82 crore, the combination notice added. Separately, CCI said the "Commission approves acquisition of Inflow Technologies by Savex ...

ONGC exploring purchase of woodside stake in Senegal oil field

State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private

Oil & Gas shares in focus; Oil India hits 52-week high, ONGC up 3%

ONGC informed that rating agency ICRA has assigned 'AAA' credit rating for non-convertible debentures (NCDs) of the company for Rs 7,500 crore