Page 30 - Ongc

HPCL merger: MRPL faces minimum 25% public shareholding norms test

MRPL has time till August 21 to meet minimum public shareholding norms; merger process could take much longer

ONGC clocks Rs 40-bn loss on gas output in FY18 due to fuel price capping

'Natural gas is no more a profitable business because cost of production is very significantly higher than current gas prices,' say ONGC official

To keep fuel rate in check, ONGC may get dividend waiver for price freeze

The plan to place a part of the oil price burden on ONGC has been doing the rounds for some time

ONGC Q4 profit up 36% at Rs 59 bn on back of high oil prices, lower levies

The oil major's total expense for the quarter declined by 6% to Rs 19.46 billion

ONGC Q4 net profit up 36% to Rs 59 bn on higher net realisation

Net realisation for the quarter stood at $66.71 a barrel, compared to $54.91 during the fourth quarter of 2016-17

Rising crude oil prices: Subsidy issues come to haunt ONGC again

ONGC's investors saw their holding values lag the broader markets during 2014-2016 as global crude oil prices fell.

ONGC to quadruple output from Bay of Bengal gas field that cost $1 bn

Output from the Deendayal natural gas block off India's east coast will reach as high as a million standard cubic metres per day by January 2019

ONGC falls 10% in two days; loses market cap worth Rs 223 billion

The stock dipped 5% to Rs 166, extending its previous day's nearly 5% fall on BSE, trading at its lowest level since September 26, 2017.

ONGC gas output up 6.3% in FY18, looks to double production by 2022

ONGC produced 23.484 bn cubic meters of gas in 2017-18 as against 22.088 bn cubic meters in 2016-17, which is the highest gas output by ONGC in five years

ONGC may buy out GAIL in Gujarat's Dahej petrochemical project

GAIL had in 2008 picked up 19% stake in ONGC Petro-additions Ltd (Opal)

ONGC, OIL may get to choose partners by auctioning in select blocks

However, ONGC's resistance to the inclusion of Bassein, India's largest gas field, remains a hurdle

ONGC short-lists three oil service majors to lift output from two fields

The government last September proposed selling a 60 percent stake in ONGC's producing fields to foreign companies to ramp up domestic oil and gas output

ONGC extends gain on interim dividend plan

The stock was trading 2% higher at Rs 191, extending its Tuesday's 1.1% gain on the BSE, after the company announced that its board will meet on February 27 to consider the second interim dividend.

ONGC up 3% post December quarter results

The stock was up 3% at Rs 195 on BSE in early morning trade after reported a strong operating performance led by higher gas volume and oil realization for the quarter ended December 2017.

ONGC Q3 net up 15% to Rs 50 bn from Rs 44 bn; crude oil production down 1%

The company's total crude oil production dropped by 1% from 6.4 million tonnes during the third quarter last year to 6.3 MT this year

ONGC plans to sell stake in Indian Oil, GAIL for $4.8 bn to repay debt

ndian Oil climbed as much as 2.2% to trade 0.9% higher at Rs 405

Abu Dhabi's NPCC wins $327-mn contract from ONGC to build offshore infra

ABU DHABI (Reuters) - Abu Dhabi-based National Petroleum Construction Company (NPCC) on Tuesday said it won a $327 contract from India's Oil & Natural Gas Corp Ltd to build offshore infrastructure on the west coast of the Asian country.

ONGC nears 52-week high; stock up 7% in two days post HPCL deal

The stock was up 4% to Rs 208, extending its Monday's 3% gain on BSE, trading close to its 52-week high of Rs 212 touched on January 31, 2017 in intra-day trade.

ONGC to acquire government's 51.1% stake in HPCL for Rs 369.15 billion

ONGC will pay the government Rs 473.97 per share, a premium of over 10 per cent of the 60-days weighted average of HPCL's scrip

Field force at ONGC

Employees of the oil major are protesting the government's policy of awarding oil and gas blocks it owns to private operators