Page 19 - Ongc

Dec begins on a strong note for Sensex, Nifty, end on all-time highs

The Sensex rose 1.15 per cent, or 506 points, to end at 44,655, while the Nifty added 1.1 per cent, or 140 points to close at 13,109

Exploration stocks surge as oil prices rally on vaccine hope; ONGC up 4%

Oil prices hit their highest level since March amid news flow related to smooth US presidency transition and encouraging developments on the Covid-19 vaccine front

Negative real rates could drive investors towards high-yield stocks

The list of stocks with high yield is dominated by PSEs: Coal India currently offers a maximum yield of 9.8%, Hindustan Zinc 7.4%, ONGC 6.9% and GAIL India 6.8%

ONGC doubles down on spending to make up for lost time due to Covid-19

The government is looking at increased public spending to give a boost pandemic-hit economy

ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%

India's top oil and gas producer ONGC booked a Rs 1,238-crore impairment loss, which together with a fall in prices led to a 55 per cent drop in the company's September quarter net profit

ONGC Q2 net profit down 55% at Rs 2,878 cr due to lower crude oil price

Similarly, gross revenues declined 30.9 per cent to Rs 16,917 crore against Rs 24,493 crore in FY20

Sensex settles 86 points higher at 43,443 levels, gains 11% in Samvat 2076

All that happened in the markets today.

ONGC Videsh signs agreements to acquire FAR stake in Senegal blocks

OVL will acquire 13.6667 per cent participating interest for an upfront consideration of $45 million and contingent payments payable annually

Midcaps, smallcaps set to outperform benchmarks in near-term: HDFC Sec

At current levels, midcap and smallcap stocks look more attractive than largecaps

ONGC invites bids to boost production in ageing oil and gas fields

All the oil and gas produced will belong to ONGC and anyone interested has until December 1, 2020 to respond

ONGC not taking part in share buyback, but will eventually gain: HPCL CMD

Shareholders can be rewarded by way of bonus and dividends or by giving them an option for buyback, says M K Surana

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

ONGC wins seven of 11 blocks, OIL the remaining four under OALP-V

OALP Round V is expected to generate exploration work commitment of $400-450 mn; the 11 blocks spread over 8 sedimentary basins include 8 on-land, two shallow-water, and one ultra-deepwater block

ONGC, Indian Oil Corp raise Rs 3,140 cr in debt to meet business expenses

In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)

Oil PSUs to float online portal to promote Aatmanirbhar Bharat campaign

Public sector oil companies will launch a portal to provide information on their capital goods requirements to domestic industry in line with the government's Aatmanirbhar Bharat campaign

ONGC to take Rs 7,000 cr hit over gas price; govt may alter pricing formula

Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period

ONGC chairman says will look at HPCL and MRPL merger after June 2021

ONGC is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals, post-June 2021, its chairman Shashi Shanker said

Govt mulls domestic gas floor price system to protect explorers' margin

Govt proposes to implement new floor price mechanism for gas produced from domestic fields by companies such as ONGC to prevent fuel price from crashing below a threshold in subdued market conditions

Top headlines: ExxonMobil, ONGC to bid jointly; telcos bat for tariff hike

From Exxon bidding for auction rounds under OALP tp Flipkart readying for big billion day sale, here are top headlines this morning

ExxonMobil, ONGC to bid jointly for upcoming auction rounds under OALP

Will identify areas for exploration in deepwater on east and west coasts of India