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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)

Siemens wins order worth 3.66 bln rupees from ONGC
5:04am EST 

Siemens Ltd : Says wins order worth INR 3.66 billion from ONGC .Says order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul.  Full Article

India's ONGC says co looking at buying parts of GSPC's east coast fields
Thursday, 27 Oct 2016 09:00am EDT 

Oil And Natural Gas Corporation Ltd : Exec says this is an appropriate time to buy overseas oil gas assets . Exec says sees company's profitability under stress due to lower local gas prices . Exec says looking at buying parts of GSPC's east coast fields . Exec says so far no investor has protested to ONGC's plan to buy a part of GSPC's gas field . Exec says Venezuela agrees to pay oil to ONGC in lieu of pending dues . Exec says deliberately going slow on strategic stake sale in OPaL petchem plant . Exec says will sell strategic stake in OPaL after commissioning of the plant Further company coverage: [ONGC.NS] (Bengaluru newsroom) ((ReutersIndia.snapping@thomsonreuters.com;)).  Full Article

Oil and Natural Gas Corp Sept-qtr profit up about 6 pct
Thursday, 27 Oct 2016 04:17am EDT 

Oil And Natural Gas Corporation Ltd : Sept quarter net profit 49.75 billion rupees . Sept quarter total income from operations 183.95 billion rupees . Net profit in Sept quarter last year was 46.81 billion rupees as per Ind-AS; total income from operations was 205.12 billion rupees . Says approved interim dividend of INR 4.50 per share .Recommended issue of bonus shares in 1:2 ratio.  Full Article

Swiber updates on claims received by the group
Monday, 8 Aug 2016 08:13am EDT 

Swiber Holdings Ltd : Update on claims received by the group and bank guarantees) . Announce that as of 4 August 2016, the total sum of claims received by the group is approximately US$99 million . The company is currently seeking legal advice on the aforementioned claims. . Announce that oil and natural gas corporation limited has called on several bank guarantees which were issued for the daman development project . Punj Lloyd has called on a US$1.475 million bank guarantee provided for wo16 cluster project and sb-14 pipeline project, which has been paid out by the bank. . SOC has since written to notify both ongc and Punj Lloyd that their calls on the aforesaid bank guarantees were wrongfully made . Court has on 4 August 2016 granted an interim order instructing the banks to hold back on any payment of the bank guarantees until the next hearing date . SOC is also in discussions with lawyers on the potential steps that may be taken to preserve its rights in relation to the bank guarantees that have been paid out .  Full Article

Reliance Industries says post cessation of production in Tapti, processing facilities handed to ONGC
Friday, 15 Jul 2016 07:52am EDT 

Reliance Industries Ltd : June-quarter demand for pet was affected by regulations imposed on sale of pharmaceuticals formulations and drought across the country . Post cessation of production in Tapti in March 2016, processing facilities and export pipelines have been handed over to ONGC .  Full Article

Fugro awarded geotechnical site investigation contract by ONGC India
Friday, 15 Jul 2016 01:00am EDT 

Fugro NV : Fugro awarded geotechnical site investigation contract by ONGC India . Value of this contract is approximately USD 26 million . Will deploy its deep water geotechnical vessel, Fugro Voyager, commencing before end of Q3 2016 Further company coverage: [FUGRc.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Seamec Ltd announces deployment of vessel Seamec II long term charter for 3 years
Monday, 4 Jul 2016 12:55am EDT 

Seamec Ltd : Deployment of vessel Seamec II - long term charter for 3 years . Hal Offshore, awarded loi from ongc; contract valued at $27.7 million .  Full Article

Alphageo (India) gets letters of award of contracts from ONGC Ltd
Tuesday, 7 Jun 2016 02:19am EDT 

Alphageo (India) Ltd : Alphageo received letters of award of contracts from ongc ltd for an estimated value of rs. 1482 crores .  Full Article

ONGC says unit ONGC Videsh acquires 15 pct interest in Vankor field in east Siberia
Tuesday, 31 May 2016 08:31am EDT 

Oil and Natural Gas Corporation Ltd : ONGC Videsh acquires 15% interest in vankor field located in east Siberia of the Russian federation . Rosneft continues to hold remaining 85 percent shares of JSC Vankorneft . With 15 percent, ONGC Videsh's share of daily Oil production would be 66,000 bopd .  Full Article

India's ONGC says capex for FY17 at around 300 bln rupees
Thursday, 26 May 2016 06:30am EDT 

Oil and Natural Gas Corporation Ltd : Oil and Natural Gas Corporation exec says capex for FY 2017 around 300 billion rupees . Oil and Natural Gas Corporation exec says expect CBM blocks to start producing by end of 2017 . Further company coverage [ONGC.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

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Venezuela's PDVSA reaches $1.45 billion in finance deals with oil firms

CARACAS Venezuelan state oil company PDVSA on Friday announced financing deals totaling nearly $1.45 billion with local firm Delta Petroleum and India's ONGC that will be used to raise production at joint venture operations.