Oil And-natural-gas-corp

Showing of 1 - 20 from 33 results
Oil And-natural-gas-corp - Total results - 33
ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost
Business

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost

State-owned ONGC has asked the government to waive payment of oil cess and royalty as plummeting international oil prices have meant that the rate it now gets does not even cover the operating cost, sources said

Coronavirus Outbreak: Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease
Business

Coronavirus Outbreak: Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease

State-owned oil firms will resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect as the country partially exited from an unprecedented nationwide lockdown on Monday

Coronavirus Outbreak: ONGC gas output drops 15% as shut factories refuse to take supplies
Business

Coronavirus Outbreak: ONGC gas output drops 15% as shut factories refuse to take supplies

State-owned ONGC has been forced to cut natural gas production by over 15 percent as factories shut down following the unprecedented nationwide lockdown have refused to take supplies

ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control
Business

ONGC to lose Rs 4,000 cr revenue as govt slashes gas prices by steep 26%; seeks freeing of price control

State-owned Oil and Natural Gas Corp (ONGC) will lose about Rs 4,000 crore in revenue and start making cash losses after the government slashed the natural gas prices by a steep 26 percent by benchmarking it against rates prevalent in gas-surplus nations

Coronavirus Outbreak: ONGC gas output drops by one-tenth as shut factories refuse supplies
Business

Coronavirus Outbreak: ONGC gas output drops by one-tenth as shut factories refuse supplies

With the unprecedented nationwide lockdown shutting down factories, ONGC has been forced to cut natural gas production by up to one-tenth as customers refused to take supplies because of business disruption

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output
Business

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells
Business

Govt sends ONGC into a tizzy; asks PSU to sell golf courses in Ahmedabad that has two oil wells

After the Motera field was discovered in Ahmedabad, ONGC was wary of encroachment around the oil wells in a city that was developing into a megapolis

Company in strong financial position, has funds to meet capex needs: ONGC
Business

Company in strong financial position, has funds to meet capex needs: ONGC

State-owned ONGC on Tuesday said it continues to have strong financial position and sufficient funds to meet current and future CapEx needs, as it sought to allay concerns over its finances after successive acquisitions and government demands drained out its surplus

ONGC says government has not asked it to reconsider listing of overseas arm OVL
Business

ONGC says government has not asked it to reconsider listing of overseas arm OVL

ONGC Chairman and Managing Director Shashi Shanker said the company has communicated its views on the listing of OVL to the government.

Govt forms six-member panel to look at selling 149 oil and gas fields of ONGC and OIL to private companies
Business

Govt forms six-member panel to look at selling 149 oil and gas fields of ONGC and OIL to private companies

The committee is a follow up of the 12 October meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas

ONGC gas production at all-time high of 70 mmscmd as company raises domestic output to curb imports
Business

ONGC gas production at all-time high of 70 mmscmd as company raises domestic output to curb imports

ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd

Sudan wants ONGC Videsh to withdraw arbitration proceedings over oil payment dues
Business

Sudan wants ONGC Videsh to withdraw arbitration proceedings over oil payment dues

ONGC Videsh, the foreign acquisition unit of Oil and Natural Gas Corp’s (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court

India's oil import bill to jump by $26 billion as depreciating rupee renders imported crude costlier
Business

India's oil import bill to jump by $26 billion as depreciating rupee renders imported crude costlier

India, which imports over 80 percent of its oil needs, spent $87.7 billion (Rs 5.65 lakh crore) on importing 220.43 million tonne (MT) of crude oil in 2017-18

Government notifies incentives to state-owned oil firms in pre-NELP blocks; new rule applies to 11 fields
Business

Government notifies incentives to state-owned oil firms in pre-NELP blocks; new rule applies to 11 fields

The Centre has notified a new policy requiring state-owned ONGC and OIL to pay royalty and cess only to the extent of their equity holding in certain pre-1999 oil and gas fields.

HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter
Business

HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter

Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 percent stake in HPCL for Rs 36,915 crore. Post that, HPCL had become a subsidiary of ONGC.

High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody's
Business

High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody's

ONGC increased its borrowings by about Rs 25,000 crore in January 2018, when it acquired a 51.11 percent stake in Hindustan Petroleum Corp Ltd for Rs 36,915 crore.

Government to move high court against Reliance Industries arbitration award, says oil minister Dharmendra Pradhan
Business

Government to move high court against Reliance Industries arbitration award, says oil minister Dharmendra Pradhan

A three-member international arbitration tribunal held that RIL could contractually produce and sell any gas that might have migrated from adjoining fields of state-owned ONGC.

Cash-strapped Venezuela stops payments of oil dues to ONGC Videsh, leading to $450 million pile-up
Business

Cash-strapped Venezuela stops payments of oil dues to ONGC Videsh, leading to $450 million pile-up

OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has 40 percent stake in Venezuela's San Cristobal field

State-run ONGC nominates one director on HPCL's board, wants common government director
Business

State-run ONGC nominates one director on HPCL's board, wants common government director

State-owned Oil and Natural Gas Corp (ONGC) has replaced a government nominee director on board of Hindustan Petroleum Corp Ltd (HPCL) with its nominee

Fuel crisis: Govt might ask ONGC to absorb crude price hikes but state-owned explorer's capex to prevent it from doing so
Business

Fuel crisis: Govt might ask ONGC to absorb crude price hikes but state-owned explorer's capex to prevent it from doing so

To resolve a fuel crisis, the government may ask ONGC to sell crude at discounted rates to state-owned refiners, or may levy a windfall tax on the explorer.