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ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy exemption relief

May 26, 2016

ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy exemption relief

Net profit of Rs 4,416 crore in January-March was 12.2 percent higher than Rs 3,935 crore net profit in the same period a year ago #oil #ONGC #net profit #gas #subsidy exemption
ONGC struggling to exploit 12.5 trn cubic feet of discovered gas reserves in Iran

May 23, 2016

ONGC struggling to exploit 12.5 trn cubic feet of discovered gas reserves in Iran

A portion of Farzad-B field extends into territorial waters controlled by Iran’s regional arch-rival Saudi Arabia #Reliance Industries #ONGC #Iran #RIL #Saudi Arabia #gas reserves #KG basin #Farzad-B field
OVL gets Russian govt nod for $1.268 bn Vankor deal

Mar 25, 2016

OVL gets Russian govt nod for $1.268 bn Vankor deal

Russian government has approved ONGC Videsh Ltd's deal to buy 15 per cent in the country's second biggest oil field of Vankor from Rosneft for USD 1.268 billion. #deal #Investment #Russia #ONGC #ONGC Videsh #OVL #Rosneft #Vankor field
RIL, ONGC gas dispute: Govt extended the tenure of Shah panel by three months

Mar 22, 2016

RIL, ONGC gas dispute: Govt extended the tenure of Shah panel by three months

Government has extended by three months the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries. #NewsTracker #ONGC #DGH #RIL #Krishna Godavari #A P Shah Committee
Cabinet clears new price formula for undeveloped gas finds

Mar 10, 2016

Cabinet clears new price formula for undeveloped gas finds

In a boost to firms like ONGC and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates. #Reliance Industries #ONGC #LNG #Cabinet #gas price #CCEA
Govt to hike gas price for ONGC, RIL by 60 per cent

Mar 03, 2016

Govt to hike gas price for ONGC, RIL by 60 per cent

In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 per cent for their undeveloped gas discoveries in difficult areas. #Goldman Sachs #ONGC #LNG #Arun Jaitley #RIL #gas price #capex
After unveiling of Budget 2016, Sensex ends lower and ONGC slumps on tax woes

Feb 29, 2016

After unveiling of Budget 2016, Sensex ends lower and ONGC slumps on tax woes

Indian stock markets fell on Monday in a volatile session after the government unveiled a higher-than-expected tax in Budget 2016 #BSE Sensex #Stock market #nifty #NewsTracker #ONGC #Oil and Natural Gas Corporation #Union Budget 2016 #Oil Industries Development Cess
Moody's places ONGC, OVL rating on review for downgrade

Jan 22, 2016

Moody's places ONGC, OVL rating on review for downgrade

Moody's Investors Service today placed the ratings of state-run oil producers ONGC and its subsidiary ONGC Videsh "on review for downgrade" on slumping oil prices, weakening demand and prolonged period of oversupply. #oil #ONGC #Moody's #Crude #Downgrade #review #Ratings #OVL
Reliance Industries faults Shah panel engagement on gas dispute

Jan 11, 2016

Reliance Industries faults Shah panel engagement on gas dispute

The letter said Reliance Industries does not accept the premise that the government can appoint a committee, or can deal with any issues on the dispute by constituting a panel #Reliance Industries #ONGC #RIL #PSC #KG-D6 block #Shah Panel #consultants DeGolyer and MacNaughton