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Oil and Natural Gas Corporation Ltd (ONGC.BO)

ONGC.BO on Bombay Stock Exchange

175.30INR
12:29am EDT
Change (% chg)

Rs0.20 (+0.11%)
Prev Close
Rs175.10
Open
Rs175.60
Day's High
Rs176.10
Day's Low
Rs174.00
Volume
73,371
Avg. Vol
622,001
52-wk High
Rs212.00
52-wk Low
Rs138.10

Latest Key Developments (Source: Significant Developments)

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

India's ONGC Videsh exec says final investment decision for Rovuma project will be taken by mid 2018/19
Monday, 29 May 2017 07:00am EDT 

May 29 (Reuters) - India's ONGC Videsh exec says:All approvals except marine approval has been given by Mozambique government for project in Rovuma basin in the country.Final investment decision (fid) will be taken by mid 2018-19.  Full Article

ONGC chairman says natural gas production no more a profitable business
Friday, 26 May 2017 11:20am EDT 

May 26 (Reuters) - India's Ongc :Chairman says co's offshore natural gas production seen at 19.17 bcm in fy18.Chairman says has sought review of gas pricing formula from government.Chairman says "natural gas production no more a profitable business".  Full Article

Oil and Natural Gas Corp March-qtr profit falls about 6 pct
Friday, 26 May 2017 07:46am EDT 

May 26 (Reuters) - India's Oil and Natural Gas Corporation Ltd :Oil and Natural Gas Corporation - net profit in March quarter last year was 46.24 billion rupees as per Ind-AS; total income was 202.98 billion rupees.March quarter net profit 43.40 billion rupees.Consensus forecast for March quarter net profit was 49.91 billion rupees.March quarter total income 262.34 billion rupees.Recommended dividend of 0.80 rupees per share.  Full Article

India's ONGC March-qtr profit down about 6 pct
Friday, 26 May 2017 07:23am EDT 

May 26 (Reuters) - Oil & Natural Gas Corporation Ltd :March quarter net profit 43.40 billion rupees.Consensus forecast for March quarter net profit was 49.91 billion rupees.March quarter total income 262.34 billion rupees.Net profit in March quarter last year was 46.42 billion rupees as per Ind-AS; total income was 202.98 billion rupees.Recommended dividend of 0.80 rupees per share.  Full Article

India's ONGC Videsh sees 2017/18 oil production at 14.7 Mln T - exec
Thursday, 11 May 2017 02:12am EDT 

May 11 (Reuters) - ONGC Videsh, the overseas arm of India's Oil and Natural Gas Corporation Ltd :ONGC Videsh's director of finance Vivekanand says expects 2017/18 oil production at 14.7 million tonnes.Vivekanand says expects 50 percent of total 2017/18 production to come from Russia.  Full Article

Aban Offshore gets $72.4 mln contract from ONGC
Monday, 27 Mar 2017 03:29am EDT 

Aban Offshore Ltd : Says award of new contract . Says total contract value is about $72.365 million . Says got LoA from ONGC for charter hire of drillship Aban Ice for 3 yrs .Says deployment expected to commence during Q2 2017.  Full Article

Asian Oilfield Services gets contract worth 1.09 bln rupees from ONGC
Friday, 24 Mar 2017 01:51am EDT 

Asian Oilfield Services Ltd : Says receives letter of award of contract worth Rs. 108.97 crores from ONGC Ltd .Contract for 2D seismic data acquisition in unappraised on land areas of sedimentary basins of India for sector 6 (Ganga).  Full Article

Larsen & Toubro says L&T Hydrocarbon wins 16.56 bln rupees contract from ONGC
Monday, 20 Mar 2017 12:20am EDT 

Larsen & Toubro Ltd :Says L&T Hydrocarbon wins Rs. 1656 cr (USD 245 million) contract from ONGC.  Full Article

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BRIEF-Reliance Industries March-qtr GRM at $11.5/bbl

* Cash and cash equivalents as on March 31, 2017 were at 772.26 billion rupees