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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)

India's Oil and Natural Gas Corporation June-qtr profit falls about 8 pct
7:50am 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

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

BRIEF-Mineral Hill's Oil & Natural Gas says agreement signed with Danish based financial services Co

* Mineral Hill Industries - agreement signed with a Danish based financial services co to assist with issue of bond created to develop opl-236 project