Page 23 - Ongc
Use of Force Majeure Clause by GAIL, IOC expected to end in disputes
Force majeure is a part of contracts in India, where companies will be excused from paying penalties for non-performance, in case of an unforeseen event outside their control.
 "Use of Force Majeure Clause by GAIL, IOC expected to end in disputes")
Natural gas prices cut by steep 26%, makes huge dent in ONGC revenues
The price of gas produced from difficult fields such as deepsea too has been cut to $5.61 from $8.43 per mmBtu now.
 "Natural gas prices cut by steep 26%, makes huge dent in ONGC revenues")
ONGC, Oil India stare at steep earnings cut as crude price crashes
Covid-19 onslaught on crude oil prices to impact profitability of the two oil producers severely; analysts cut ONGC's FY21 earning estimate by 70 per cent
 "ONGC, Oil India stare at steep earnings cut as crude price crashes")
Indian LNG importers issue force majeure notices as gas demand slumps
Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.
India's oil production in February dips 6.4% on lower private sector output
ONGC reported a 4.64% rise in production at 1.67 million tonnes as output from its offshore fields saw a pick-up
 "India's oil production in February dips 6.4% on lower private sector output")
Market Wrap, March 20: Sensex jumps 1,628 pts, Nifty ends at 8,745
HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier
 "Market Wrap, March 20: Sensex jumps 1,628 pts, Nifty ends at 8,745")
Tata Steel, ONGC: Stocks that have suffered the most in the market meltdown
While the Indian equities were isolated from the global rout till early February, the downfall began when the virus began to spread outside mainland China, its originating country.
 "Tata Steel, ONGC: Stocks that have suffered the most in the market meltdown")
After coronavirus, it's a crude shock: Markets see worst rout in 5 years
The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
 "After coronavirus, it's a crude shock: Markets see worst rout in 5 years")
Oil price crash could help India's economy but will hurt country's OMCs
If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields
 "Oil price crash could help India's economy but will hurt country's OMCs")
Lower crude regime to impact upstream companies, dampen capex plans
Firms fear huge impact on top lines, say investments in oil and gas sector will be affected
 "Lower crude regime to impact upstream companies, dampen capex plans")
Top business headlines: ONGC m-cap plunges, crude oil dives, and more
Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.
Bloodbath on Dalal Street today: 8 things investors must know
Indices see biggest 1-day fall ever in absolute terms, here are the eight major things about the selloff across global markets
 "Bloodbath on Dalal Street today: 8 things investors must know")
ONGC's m-cap slips below Rs 1 trn-mark after 15 years on oil price crash
A sharp decline in market price of state-owned company pushed the company's market capitalisation (market-cap) below Rs 1 trillion-mark for the first time since August 2004.
 "ONGC's m-cap slips below Rs 1 trn-mark after 15 years on oil price crash")
From arbitration to ONGC's customs refund, here're the key court orders
An arbitration which was caught in legal knots for 12 years will start now after the Division Bench of the Bombay high court set aside the order of the single judge bench.
 "From arbitration to ONGC's customs refund, here're the key court orders")
Letter to BS: Markets suffering from acute shortage of good quality stocks
Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.
 "Letter to BS: Markets suffering from acute shortage of good quality stocks")
ONGC, HPCL buy 34.56% of bankers' stake in Petronet MHB for Rs 371 cr
A consortium of eight public sector banks held 34.56 per cent stake in Petronet MHB Ltd, where ONGC and HPCL held 32.72 per cent apiece
HPCL acquires 17.28% stake in Petronet MHB for Rs 185.38 crore
HPCL and its parent, Oil and Natural Gas Corp (ONGC), presently hold 32.72 per cent stake each in the company that transports petroleum products
 "HPCL acquires 17.28% stake in Petronet MHB for Rs 185.38 crore")
ONGC seeks new petroleum exploration licence for PMT oil, gas fields
ONGC has already been using Tapti infrastructure for its other fields for better optimisation
 "ONGC seeks new petroleum exploration licence for PMT oil, gas fields")
Natural gas prices in India likely to be cut by steep 25% from April
This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years
 "Natural gas prices in India likely to be cut by steep 25% from April")
Explained: How PSUs became the biggest laggards on Indian bourses
Government companies' numbers look even worse if State Bank of India is excluded. SBI has been an outperformer with 18.4 per cent annualised growth in market capitalisation in last three-years.
 "Explained: How PSUs became the biggest laggards on Indian bourses")
