Key Developments: Oil and Natural Gas Corporation Ltd (ONGC.BO)

ONGC.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Oil and Natural Gas Corporation Ltd's ONGC videsh issues $ 1.5 bln and 525 mln euros unsecured bonds in international capital markets
Wednesday, 9 Jul 2014 12:22am EDT 

Oil and Natural Gas Corporation Ltd:Says that ONGC videsh, its wholly owned subsidiary, has priced $1.5 bln and 525 mln euros unsecured bonds in international capital markets.Bond are guaranteed by ONGC.Reg S binds will be issued in dual currency with two tranches of $750 mln each for five year and 10 year tenors respectively and one tranche of 525 mln euros for seven year tenor.  Full Article

Govt plans to sell stake in Oil and Natural Gas Corporation Ltd-Economic Times
Tuesday, 8 Jul 2014 12:33pm EDT 

Oil and Natural Gas Corporation Ltd:India plans to sell a 5 to 10 pct stake in state-run energy explorer in a deal that could fetch it as much as 350 billion Indian rupees ($5.84 billion) at current market price-Economic Times.The government owns nearly 69 pct of ONGC.  Full Article

Oil and Natural Gas Corporation Ltd to allow Cairn India Ltd to run oil block in return for higher stake-Business Standard
Monday, 16 Jun 2014 03:27am EDT 

Oil and Natural Gas Corporation Ltd:May raise its stake in Cairn India Ltd's prolific Rajasthan oil fields as a condition for agreeing to allow the Anil Agarwal-group firm operate the block after expiry of contractual period-Business Standard.Cairn's contractual term for exploring and producing oil from the Rajasthan Block RJ-ON-90/2 expires in 2020 and the area is to return to the block licensee, Oil and Natural Gas Corp.ONGC, which currently holds 30 percent stake in the block, has told the Oil Ministry that the Production Sharing Contract (PSC) can be extended beyond 2020 if all parties to the contract agree on mutually agreeable terms.  Full Article

Oil and Natural Gas Corporation recommends final dividend
Thursday, 29 May 2014 08:08am EDT 

Oil and Natural Gas Corporation Ltd:Recommends final dividend at 0.25 Indian rupees per equity share of 5 rupees each, for the financial year 2013-14, subject to approval of the shareholders at the ensuing annual general meeting.  Full Article

Oil and Natural Gas Corporation Ltd's ONGC Videsh Limited and Rosneft sign memorandum of understanding
Monday, 26 May 2014 01:46am EDT 

ONGC Videsh Ltd and Rosneft:ONGC signed a memorandum of understanding at the St. Petersburg International Economic Forum, in the presence of Vladimir Putin, President of the Russian Federation.The Memorandum paves the way for the companies’ cooperation in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic.Parties will jointly consider forming a consortium led by Rosneft and involving other partners.ONGC Videsh is a subsidiary of Oil and Natural Gas Corporation Limited.  Full Article

Oil and Natural Gas Corporation Ltd approves second interim dividend
Monday, 24 Mar 2014 08:17am EDT 

Oil and Natural Gas Corporation Ltd:Approves second interim dividend of 4.25 Indian rupees per equity share of 5 Indian rupees each, for FY 2013-14.  Full Article

Oil and Natural Gas Corporation Ltd fixes record date for second interim dividend
Tuesday, 4 Mar 2014 05:22am EST 

Oil and Natural Gas Corporation Ltd:Says the record date for determining entitlement of shareholders for payment of second interim dividend for FY 2013-2014 has been fixed on March 29.Payment of interim dividend shall start from March 31 onwards.  Full Article

Oil and Natural Gas Corporation Ltd appoints new Chairman
Monday, 3 Mar 2014 09:36am EST 

Oil and Natural Gas Corporation Ltd:Appoints D K Sarraf as Chairman & Managing Director.D K Sarraf and his dependents hold 3,192 equity shares as on March 01.  Full Article

Oil & Natural Gas Corporation Ltd and Oil India Ltd get EGoM nod to buy Indian Oil Corpn Ltd's stake-Economic Times
Friday, 17 Jan 2014 01:34am EST 

Indian Oil Corpn Ltd: (IOC):Oil & Natural Gas Corporation Ltd (ONGC) and Oil India Ltd (OIL) got the EGoM nod to buy part of the government's stake in IOC, helping the government meet part of its disinvestment target-Economic Times.  Full Article

Oil and Natural Gas Corporation Ltd and Kuwait Petroleum sign deal for strategic partnership - Business Standard
Tuesday, 14 Jan 2014 12:50am EST 

Oil and Natural Gas Corporation Ltd:Says it has signed a memorandum of understanding with Kuwait Petroleum Corporation for upstream, downstream and mid-stream ventures - Business Standard.Says the deal is the first step towards a strategic partnership for ONGC Petro additions (OPaL) and ONGC Mangalore Petrochemicals (OMPL).  Full Article

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Indian government eyes Plan B as $10 billion sell-off deadline nears

NEW DELHI - India's government is scrambling to put together a 'Plan B' to raise even a fraction of its $10 billion target from asset sales, officials said, with potential new sales including part of its stake in refiner Indian Oil .

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