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Oil and Natural Gas Corporation Ltd (ONGC.BO)

ONGC.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Deep industries says high court passes order suspending action of suspension by ONGC
Friday, 11 Aug 2017 09:02am EDT 

Aug 11 (Reuters) - Deep Industries Ltd :Says ONGC, Rajahmundry asset, communicated decision to terminate two contracts for hiring gas dehydration system.Says ONGC, Rajahmundry asset communicated decision of further action of suspension of future business dealings.Says decisions challenged by co in high court, which passed order suspending action by ONGC.  Full Article

BRIEF-India's ONGC buys 80 pct participating interest, operatorship in GSPC's block
Friday, 4 Aug 2017 06:52am EDT 

Corrects headline to clarify ONGC buys participating interest and operatorship in block of GSPC and not in the company:Says ONGC buys 80% stake of GSPC and takes over operatorship rights in block KGOSN- 2001/3.Made advance payment of $200 million to GSPC in respect of future consideration for six discoveries other than Deen Dayal West Field.GSPC remains in block holding 10% PI.Takes over NELP-III block KG-OSN-2001/3 against purchase consideration of US$995.26 million for Deen Dayal West Field in the block‍.ONGC intends to develop an HPHT corridor of oil and gas in the Krishna Godavari basin.Deen Dayal Field will act as pivot in developing nearby HPHT discoveries in Yanam and Godavari PML areas of ONGC, simultaneously.  Full Article

India's ONGC buys 80 pct stake of Gujarat State Petroleum Corp
Friday, 4 Aug 2017 06:38am EDT 

Aug 4 (Reuters) - Oil and Natural Gas Corporation Ltd :Says ONGC buys 80% stake of GSPC and takes over operatorship rights in block KGOSN- 2001/3.Made advance payment of $200 million to GSPC in respect of future consideration for six discoveries other than Deen Dayal West Field.GSPC remains in block holding 10% PI.Takes over NELP-III block KG-OSN-2001/3 against purchase consideration of US$995.26 million for Deen Dayal West Field in the block‍.ONGC intends to develop an HPHT corridor of oil and gas in the Krishna Godavari basin.Deen Dayal Field will act as pivot in developing nearby HPHT discoveries in Yanam and Godavari PML areas of ONGC, simultaneously.  Full Article

India's Oil and Natural Gas Corporation June-qtr profit falls about 8 pct
Thursday, 27 Jul 2017 07:50am EDT 

July 27 (Reuters) - Oil and Natural Gas Corporation Ltd :June quarter profit 38.85 billion rupees versus profit of 42.33 billion rupees last year.Oil and Natural Gas Corporation Ltd consensus forecast for June quarter net profit was 43.25 billion rupees.June quarter total income 199.28 billion rupees versus 187.37 billion rupees last year.  Full Article

Oil & Natural Gas Corp facilitates startups under flagship programme of India govt
Friday, 23 Jun 2017 08:59am EDT 

June 23 (Reuters) - Oil & Natural Gas Corporation Ltd ::Says ONGC facilitates startups under flagship programme of Government of India.  Full Article

Deep Industries gets contract from ONGC Ltd
Friday, 23 Jun 2017 12:11am EDT 

June 23 (Reuters) - Deep Industries Ltd :Says awarded a contract from ONGC Ltd.Says contract is for securing services of 30 tons workover rig to be deployed in ONGC CBM asset, Bokaro.Says tenure of contract is 1 year and total estimated value of contract is INR 37.2 million.  Full Article

India's Ministry Of Petroleum & Natural Gas says May crude oil production up 0.73 pct
Thursday, 22 Jun 2017 07:43am EDT 

June 22 (Reuters) - Ministry of Petroleum & Natural Gas::Crude oil production during May, 2017 was 3099.48 TMT, 0.35 pct lower than target, 0.73 pct higher versus May 2016.Crude oil production by ONGC during May was 1934.59 TMT, 0.98 pct higher than monthly target; 2.52 pct higher versus May, 2016.Natural gas production during May, 2017 was 2768.89 MMSCM, 5.19 pct lower than target, 4.16 percent higher versus May 2016.Natural gas production by ONGC during May, 2017 was 1963.62 MMSCM, 1.69 pct lower than target; 9.52 pct higher versus May, 2016.  Full Article

BP, India's Reliance have ongoing business with ONGC despite disputes- Reliance
Thursday, 15 Jun 2017 08:46am EDT 

June 15 (Reuters) - Reliance Industries Ltd chairman says::BP, India's Reliance have ongoing businesses with ONGC despite disputes.BP CEO: expect global oil prices at $50-$55/bbl next year.  Full Article

India's ONGC exec says in talks with other oil cos regarding merger
Monday, 29 May 2017 07:05am EDT 

May 29 (Reuters) - India's ONGC :Exec says have started working on phase 2 of 98/2 basin in east coast.Exec says we will submit field development plan for phase 2 in next one year.Exec says talking to strategic investors for divestment in petchem company Opal.Exec says there has been no official communication from government to ongc regarding merger of state-run oil cos.Exec says we have held several meetings with other oil companies regarding the merger.Exec says current domestic gas price is not sustainable for ONGC but will not defer investment.Exec says have asked government to review gas price formula.Exec says there will be an additional impact of around 25 billion rupees due to GST.  Full Article

India's ONGC exec says increase in crude oil production not sustainable
Monday, 29 May 2017 07:03am EDT 

May 29 (Reuters) - India's ONGC :Exec says to produce 50 million metric standard cubic metres of gas from east coast by next fiscal.Exec says east coast gas production will reach 55 MMSCMD by fiscal year 2019-20.Exec says increase in crude oil production not sustainable.  Full Article

BRIEF-India's HPCL to buy U.S. crude oil in few months

* India's HPCL exec says integration with ONGC will not affect co's investment plans