Ongc | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 11:00 PM IST

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For the full fiscal, the company reported a 10.9 per cent rise in net profit to Rs 17,900 crore on flat revenue of Rs 77,907 crore.

ONGC Q4 Net dips 6.2 per cent at Rs 4,340 crore

Company’s revenues were up 33.7 per cent to Rs 21,714 crore in the fourth quarter of 2016-17.

27 May 2017 1:39 PM

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 Apr 2017 10:23 AM

For natural gas, the output is projected to drop from 19.73 bcm from current fields to 11.9 bcn in 2021-22.

ONGC eyes 17 per cent jump in crude output

ONGC sees crude oil output rising from 22.6 million tonne in 2017-18 to 26.42 million tonne in 2021-22.

04 Apr 2017 4:10 PM

The price of gas between October 1, 2015 and March 31, 2016 was USD 3.81 per mmBtu and USD 4.66 in prior six month period. (Representational image)

Natural gas price cut marginally to $2.48 mmBtu

The cap for April 1, 2017 to October 31, 2017 will be USD 5.56 per mmBtu, up from USD 5.3 per mmBtu.

31 Mar 2017 7:39 PM

ONGC signs agreements to buy out GSPC

The company plans to buy entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion.

19 Mar 2017 11:05 AM

Reliance Industries chairman Mukesh Ambani.

Panel examining ONGC gas flowing into RIL fields

CAG had last year red-flagged $1.6 bn of excess cost recovered by RIL in KG-D6 gas block.

18 Mar 2017 11:17 AM

ONGC may buy all of the government's 51.11 per cent stake in HPCL

Petroleum Ministry to talk on ONGC-HPCL merger

HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio.

15 Mar 2017 2:41 PM

State oil producers bailed by government

Govt will not insist on levy of Rs 7,223 crore interest on payments that were due from April 2008.

28 Feb 2017 4:51 PM

The world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets. (Representational Image)

ONGC to take control of HPCL to create larger oil sector entity

Government of India will transfer its majority shareholding (of 51.11 per cent in HPCL) to ONGC.

27 Feb 2017 12:51 PM

RIL's valuation zoomed by Rs 34,790.41 crore to Rs 3,83,619.01 crore, becoming the top gainer.

Eight of top 10 cos add Rs 66,708 cr in m-cap; RIL shines

TCS, HDFC Bank and ONGC saw a rise in their market capitalisation (m-cap) for the week ended Friday.

26 Feb 2017 10:31 AM

ONGC to invest Rs 7,327 crore in four projects

Board of ONGC approved an investment of Rs 4,104.63 crore in development of R-Series fields.

24 Feb 2017 11:04 AM

GSPC, which had a debt of Rs 19,716.27 crore as on March 31, 2015, has so far made nine gas discoveries in the Bay of Bengal block.

ONGC to pay $1.2 billion to GSPC

ONGC will have to pay for the entire development cost of the six discoveries which may run into at least a couple of billion dollars.

26 Dec 2016 4:06 AM

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

ONGC to buy 80 pc stake in GSPC's KG block for $995 mn

State-owned oil & gas major will operate KG-OSN-2001/3 block in KG basin offshore.

24 Dec 2016 1:10 PM

RIL and its partners BP Plc of the UK and Canada's Niko Resources had on November 11 brought an arbitration notice against the government, disputing the USD 1.55 billion demand.

Govt to seek legal view on joining RIL arbitration

RIL and its partners have time till May 10 to name an arbitrator for the dispute.

12 Dec 2016 5:06 PM

The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

ONGC to start producing oil from R-Series in 2019

ONGC had discovered the fields and created facilities in Ratna R-12, which is part of R&RS, at a cost of Rs 472.55 crore.

05 Dec 2016 12:56 PM

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Syed Ata Hasnain