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Oil India plans net zero by 2040, to invest $2 billion in projects - sources Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, G...
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Source: Reuters
8/09/2023 3:56:19 PM
ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block Oil & Natural Gas Corporation is currently trading at Rs. 175.75, up by 0.55 points or 0.31% from its previous closing of Rs. 175.20 on the BSE. The scrip opened at Rs. 175.25 and has touched a high and low of Rs. 175.95 and Rs. 174.40 respectively. So far 53037 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 180.25 on 14-Aug-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of ...
ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block
ONGC rises as its arm secures another 3 year extension to explore oil & gas in Vietnamese block
Source: Accord Fintech
21/08/2023 11:24:16 AM
SJVN shines as its arm inks MoUs with ONGC, Sambhar Salts SJVN is currently trading at Rs. 55.82, up by 1.36 points or 2.50% from its previous closing of Rs. 54.46 on the BSE. The scrip opened at Rs. 56.21 and has touched a high and low of Rs. 56.40 and Rs. 55.55 respectively. So far 208455 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.75 on 25-Jul-2023 and a 52 week low of Rs. 27.90 on 11-Aug-2022. Last one week high and low of the scrip stood at Rs. 57.50 ...
SJVN shines as its arm inks MoUs with ONGC, Sambhar Salts
SJVN shines as its arm inks MoUs with ONGC, Sambhar Salts
Source: Accord Fintech
11/08/2023 10:15:09 AM
ONGC ties up with BPCL to sell crude oil from Mumbai region  In a major development, the Oil & Natural Gas Corporation Ltd (ONGC) has signed a long-term contract with Bharat Petroleum Corporation Ltd (BPCL) to sell crude oil produced from the Mumbai region, an official said here on Thursday. The agreement was signed by ONGC Executive Director Sanjay Kumar and BPCL Executive Director Manoj Heda with top officers like C. Mathavan and other officers in attendance. The deal comes after the Centre decided to grant marketing and pricing freed...
ONGC ties up with BPCL to sell crude oil from Mumbai region
ONGC ties up with BPCL to sell crude oil from Mumbai region
Source: IANS
3/08/2023 3:20:38 PM
Oil on track for biggest monthly gains in over a year Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Brent crude futures dipped 9 cents to $84.90 a barrel by 0005 GMT while U.S. West Texas Intermediate crude was at $80.41 a barrel, down 17 cents. The September Brent contract will expire later on Monday. The more active October contract was at $84.23 a barrel, down 18 cen...
Oil on track for biggest monthly gains in over a year
Oil on track for biggest monthly gains in over a year
Source: Reuters
31/07/2023 9:03:17 AM
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB Oil & Natural Gas Corporation is currently trading at Rs. 167.50, up by 0.85 points or 0.51% from its previous closing of Rs. 166.65 on the BSE. The scrip opened at Rs. 166.55 and has touched a high and low of Rs. 168.00 and Rs. 165.95 respectively. So far 125171 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 169.70 on 14-Jul-2023 and a 52 week low of Rs. 121.50 on 28-Sep-2022. Last one week high and low of...
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB
ONGC surges on executing share purchase agreement to acquire stake in Petronet MHB
Source: Accord Fintech
20/07/2023 3:40:05 PM
Vedanta has best dividend yield among large-cap stocks Vedanta Ltd has the best dividend yield in the last 12 months among large-cap stocks at 31 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 25 per cent, Coal India at 10 per cent, ONGC at 8 per cent, and Power Grid and GAIL at 5 per cent. Among the mid-cap companies, Sanofi India, REC and Oil India have the best dividend yield at 8 per cent, followed by Power Finance Corporation and Oracle Financial Services at 6 per cent. Among the small-cap companie...
Vedanta has best dividend yield among large-cap stocks
Vedanta has best dividend yield among large-cap stocks
Source: IANS
17/07/2023 5:28:50 PM
Nifty settles over 19,700 for first time ever Following Monday's flat to positive opening, the Nifty was bullish throughout the day to close at an all-time high, said Deven Mehata, Equity Research Analyst, Choice Broking. The market traded in positive with the Sensex gaining 0.80 per cent to close at 66589.03, while Nifty was up by 0.75 per cent intraday and closed at 19,711.45 levels, its highest ever,  whereas Bank Nifty was up by 1.41 per cent to settle at 45449.75. Among the sectors, Nifty PSU Bank, Nifty Fin Service a...
Nifty settles over 19,700 for first time ever
Nifty settles over 19,700 for first time ever
Source: IANS
17/07/2023 4:50:35 PM
Alphageo (India) shines on getting contract from ONGC Alphageo (India) is currently trading at Rs. 288.50, up by 11.90 points or 4.30% from its previous closing of Rs. 276.60 on the BSE. The scrip opened at Rs. 285.95 and has touched a high and low of Rs. 293.05 and Rs. 283.35 respectively. So far 4432 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 348.00 on 13-Sep-2022 and a 52 week low of Rs. 200.00 on 31-Mar-2023. Last one week high and low of the scrip stood ...
Alphageo (India) shines on getting contract from ONGC
Alphageo (India) shines on getting contract from ONGC
Source: Accord Fintech
17/07/2023 11:41:27 AM
Deep Industries shines on receiving LoA from ONGC Deep Industries is currently trading at Rs. 208.60, up by 12.25 points or 6.24% from its previous closing of Rs. 196.35 on the BSE. The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 220.05 and Rs. 204.80 respectively. So far 83279 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 220.05 on 13-Jul-2023 and a 52 week low of Rs. 88.55 on 11-Aug-2022. Last one week high and low of the scrip stood at...
Deep Industries shines on receiving LoA from ONGC
Deep Industries shines on receiving LoA from ONGC
Source: Accord Fintech
13/07/2023 9:58:57 AM
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities ONGC’s 4QFY23 standalone EBITDA was significantly lower at INR 163bn (vs. JMFe/consensus of INR 210bn/ INR 205bn) primarily due to: a) sharp jump in dry well writeoff (including survey cost) at INR 44.7bn (vs. JMFe of INR 18bn) — dry well write-off tends to be volatile on a quarterly basis and, hence, gauging the sustainable trend is difficult, and b) net crude realisation at USD 71.8/bbl was also USD 3/bbl lower than JMFe. Further, there was a huge exceptional expense of INR 92.4...
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities
Buy ONGC Ltd For Target Rs 200 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
17/06/2023 10:46:47 AM
ONGC rises on inking MoU with ISOR for exploration, development of geothermal energy in India Oil & Natural Gas Corporation is currently trading at Rs. 156.30, up by 2.25 points or 1.46% from its previous closing of Rs. 154.05 on the BSE. The scrip opened at Rs. 154.30 and has touched a high and low of Rs. 156.60 and Rs. 154.30 respectively. So far 501826 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of...
ONGC rises on inking MoU with ISOR for exploration, development of geothermal energy in India
ONGC rises on inking MoU with ISOR for exploration, development of geothermal energy in India
Source: Accord Fintech
8/06/2023 11:52:59 AM
Buy ONGC Ltd For Target Rs 215 - motilal Oswal Financial services Exceptional items lead to net loss   * ONGC’s reported EBITDA stood at INR163.4b (-12% YoY, -20% QoQ), 22% below our estimate, due to higher other expenses in 4QFY23. Net loss came in at INR2.5b (v/s our PAT est. of INR109.3b) led by exceptional items of INR92.4b for provisions-related ongoing dispute regarding the applicability of service tax and GST on Royalty. * Management expects oil production from KG-DWN-98/2 to commence by Aug’23 in an optimistic scenario and ...
Buy ONGC Ltd For Target Rs 215 - motilal Oswal Financial services
Buy ONGC Ltd For Target Rs 215 - motilal Oswal Financial services
Source: Motilal Oswal Financial Services Ltd
7/06/2023 3:45:58 PM
ONGC plans to invest up to Rs 1L cr to scale up green energy capacity State-run explorer ONGC plans to invest Rs 1 lakh crore to scale up its renewable energy capacity to 10 gigawatts (GW) by 2030. It was 189 megawatts in 2022-23, company's chairman Arun Kumar Singh told reporters in a virtual press conference on Monday. ONGC's ambitious plan is in line with Centre's target to reduce carbon dioxide emissions to net zero by 2070. "The country's energy demand will keep going up. It's not that fossil fuel demand in India will go d...
ONGC plans to invest up to Rs 1L cr to scale up green energy capacity
ONGC plans to invest up to Rs 1L cr to scale up green energy capacity
Source: IANS
30/05/2023 9:16:51 AM
ONGC targets capital expenditure of Rs 30,125cr in current fiscal ONGC has targetted a lower capital expenditure of Rs 30,125 crore in the current fiscal as against the corresponding year, the company's chairman Arun Kumar Singh told reporters in a virtual press conference. The capital expenditure will be mainly sourced from internal accruals. In 2022-23, the capital expenditure was Rs 30,208 crore for ONGC. Singh said that in the last five years, ONGC has spent around Rs 1,44,000 crore on capital expenditure. He added that the government...
ONGC targets capital expenditure of Rs 30,125cr in current fiscal
ONGC targets capital expenditure of Rs 30,125cr in current fiscal
Source: IANS
30/05/2023 9:11:06 AM
ONGC drops on reporting 53% fall in Q4 consolidated net profit ONGC is currently trading at Rs. 159.20, down by 4.40 points or 2.69% from its previous closing of Rs. 163.60 on the BSE. The scrip opened at Rs. 159.55 and has touched a high and low of Rs. 160.20 and Rs. 156.50 respectively. So far 3775093 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of the scrip stood at Rs. 16...
ONGC drops on reporting 53% fall in Q4 consolidated net profit
ONGC drops on reporting 53% fall in Q4 consolidated net profit
Source: Accord Fintech
29/05/2023 3:15:48 PM
Vedanta has best dividend yield among large cap stocks Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent. Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Vedanta has best dividend yield among large cap stocks
Source: IANS
15/05/2023 3:41:52 PM
ONGC discovers oil, gas in 2 Mumbai offshore blocks State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, it said in a statement. The Maharatna explorer, however, did not give details of the reserves. The discoveries named "Amrit" and "Moonga", were made in the blocks that the company won in the recent open acreage licensing rounds. "Oil and Natural Gas Corporation Ltd (ONGC) has made discoveries of Oil and Gas in MBS171HAA-1 (MBS171HAA-A)...
ONGC discovers oil, gas in 2 Mumbai offshore blocks
ONGC discovers oil, gas in 2 Mumbai offshore blocks
Source: IANS
12/05/2023 9:37:04 AM
EOGEPL invests in Microbial eCBM technology to boost CBM production Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India's pioneering unconventional hydrocarbon (Coal Bed Methane) player, Monday announced its investment in Microbial eCBM technology to boost CBM production. This initiative is in line with EOGEPL's commitment to invest in R&D and improve operations. EOGEPL has collaborated with The Energy & Resources Institute (TERI) and ONGC Energy Centre (OEC) to establish the potential of eCBM Microbial technology in the Raniga...
EOGEPL invests in Microbial eCBM technology to boost CBM production
EOGEPL invests in Microbial eCBM technology to boost CBM production
Source: IANS
8/05/2023 4:31:58 PM
Maharashtra Seamless shines on receiving order from ONGC Maharashtra Seamless is currently trading at Rs. 416.85, up by 11.80 points or 2.91% from its previous closing of Rs. 405.05 on the BSE. The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 417.00 and Rs. 407.00 respectively. So far 4085 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 455.00 on 13-Oct-2022 and a 52 week low of Rs. 262.50 on 26-May-2022. Last one week high and low of the scrip sto...
Maharashtra Seamless shines on receiving order from ONGC
Maharashtra Seamless shines on receiving order from ONGC
Source: Accord Fintech
24/04/2023 9:55:45 AM
Stock Picks : ONGC and Tata Steel Ltd By ICICI Direct ONGC (ONGC) Buy ONGC (ONGC) CMP 158.75; Initiation Range 157.50-158.20; Target 160.40; Stop Loss s 155.90   Tata Steel (TATSTE) Buy Tata Steel (TATSTE) CMP 107.50; Initiation Range 106.00-106.80; Target 332.40108.40; Stop Loss 105.20     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html S...
Stock Picks : ONGC and Tata Steel Ltd By ICICI Direct
Stock Picks : ONGC and Tata Steel Ltd By ICICI Direct
Source: ICICI Direct
17/04/2023 11:44:24 AM
Stock Picks : Larsen & Toubro Ltd and ONGC Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2102-2106 CMP 2110.00 Stop Loss 2087.00 Target 2133.00   ONGC Ltd Buy ONGC Ltd  @153.40-153.80 CMP 154.00 Stop Loss 151.90 Target 156.40       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registrat...
Stock Picks : Larsen & Toubro Ltd and ONGC Ltd By ICICI Direct
Stock Picks : Larsen & Toubro Ltd and ONGC Ltd By ICICI Direct
Source: ICICI Direct Ltd
2/03/2023 11:53:22 AM
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities Steady quarter; BUY on strong dividend play ONGC’s 3QFY23 standalone EBITDA was a tad lower that JMFe at INR 204bn (vs. JMFe/consensus of INR 211bn/ INR 203bn) due to crude sales volume being 4.8% below JMFe (though crude production volume was slightly higher than JMFe). Net crude realisation, adjusted for windfall tax of USD 10.2/bbl (or INR 29.4bn), was higher at USD 75.8/bbl (vs. JMFe of USD 73.1/bbl). OVL’s production continues to be weak but earnings has partly recovered. ...
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities
Buy ONGC Ltd For Target Rs 220 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
21/02/2023 12:26:59 PM
ONGC aims to raise output over next two fiscals In what may come as relief amid growing uncertainty over availability of petroleum products across the world in the aftermath of Russia-Ukraine war, India's largest explorer ONGC plans to raise its output over the next two fiscals from 2023-24 onwards. According to ONGC's Director, Exploration, Sushma Rawat, the company's long standing efforts of raising output from KG Basin are likely to show results from 2023-24 onwards. Rawat told IANS on the sidelines of India Energy Wee...
ONGC aims to raise output over next two fiscals
ONGC aims to raise output over next two fiscals
Source: IANS
7/02/2023 6:23:56 PM
India's ONGC to explore investing in Argentina gas assets India's state-run Oil and Natural Gas Corp Ltd will explore investing in gas assets in Argentina, its chairman said on Tuesday. The company also signed a memorandum of understanding with Argentina's state oil company YPF for hydrocarbon cooperation. "This is an enabling MoU. They have gas (assets)... so we will explore investing there," the ONGC chairman said at an event in Bengaluru.
India's ONGC to explore investing in Argentina gas assets
India's ONGC to explore investing in Argentina gas assets
Source: Reuters
7/02/2023 1:21:39 PM
Stock Picks : ONGC And Tata Consultancy Services By ICICI Direct ONGC Buy ONGC @ 151.50-152.00 CMP 151.60 Stop Loss 150.30 Target 154.80   Tata Consultancy Services Buy Tata Consultancy Services @ 3368-3372 CMP 3363.10 Stop Loss 3348.00 Target 3409.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 &n...
Stock Picks : ONGC And Tata Consultancy Services By ICICI Direct
Stock Picks : ONGC And Tata Consultancy Services By ICICI Direct
Source: ICICI Direct Ltd
23/01/2023 11:17:06 AM
Buy ONGC Ltd For Target Rs 142 - ICICI Securities ONGC Robust earnings, improving prospects ONGC reported a strong 31% YoY improvement in standalone revenue and 43% YoY rise in EBITDA for Q2FY23 of Rs186.1bn (I-Sec estimate of EBITDA: Rs171.5bn). Net earnings of Rs128.3bn, ahead of I-sec estimate of Rs81.1bn (driven by the EBITDA beat and stronger other income), were lower YoY (-30% YoY) due to a tax-related boost of Rs82bn to PAT in Q2FY22. H1FY23 EBITDA of Rs437.8bn was up 78% and PAT at Rs280.3bn was up 23.6% YoY thanks to a stronge...
Buy ONGC Ltd For Target Rs 142 - ICICI Securities
Buy ONGC Ltd For Target Rs 142 - ICICI Securities
Source: ICICI Securities
10/01/2023 1:28:41 PM
Buy ONGC Ltd For Target Rs.195 - ICICI Securities Ltd Turnaround in operating metrics likely We recently met ONGC management (on Dec 16, 2022) to get a sense of their business and future prospects. Presented below are the key takeaways: * Brent remains strong despite recent reverses: Brent crude prices have moderated to US$81/bbl levels (last 1-month average) driven by continued global economic concerns and the resurgence of covid in China as they have loosened lockdown restrictions. However, despite windfall tax impact, net realisation fo...
Buy ONGC Ltd For Target Rs.195 - ICICI Securities Ltd
Buy ONGC Ltd For Target Rs.195 - ICICI Securities Ltd
Source: ICICI Securities Ltd
27/12/2022 12:47:02 PM
Former BPCL head Arun Kumar Singh appointed ONGC chief For the first time, a retired official has been appointed as head of a state-owned Maharatna entity, with former Bharat Petroleum Corporation Ltd (BPCL) chief Arun Kumar Singh on Wednesday being selected as chairman of ONGC. Singh became eligible for the post after the Petroleum Ministry relaxed the age-related criteria. "The Appointments Committee of Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for the appointment of Arun Kumar Singh, ex-CMD...
Former BPCL head Arun Kumar Singh appointed ONGC chief
Former BPCL head Arun Kumar Singh appointed ONGC chief
Source: IANS
8/12/2022 9:49:16 AM
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end' The Central government is likely to seek stakeholders' comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. The committee, which the government had set up in September this year to review the gas pricing formula, to ensure fair prices to consumers, has recommended a cap of $4-$6.5 per mmBtu for gas produced from older fields by ONGC and Oil India, with cap rising ...
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
'Cabinet note on Kirit Parikh panel's recommendations on gas prices by month-end'
Source: IANS
3/12/2022 9:19:42 AM
Add ONGC Ltd For Target Rs.160 - Yes Securities Healthy crude realization despite SAED Our view ONGC’s 2QFY23 standalone operating profit at Rs 160.9bn (+28% YoY; -35% QoQ), stood in-line with our estimates. Ebitda though higher YoY on higher crude oil realization, stood lower QoQ due to sequentially lower gross and net crude oil realization (adjusted for SAED impact of Rs 64.5bn). The consolidated Ebitda at Rs 138.04bn, however stood lower by 22% YoY & 27% QoQ, weighed down by operating losses at HPCL and MRPL. The crude o...
Add ONGC Ltd For Target Rs.160 - Yes Securities
Add ONGC Ltd For Target Rs.160 - Yes Securities
Source: Yes Securities Ltd
21/11/2022 4:25:07 PM
Centre hikes windfall tax on domestic crude oil The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel. The tax on crude oil produced by State-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a notification. The revision in windfall tax is done every fortnight. The government has also reduced the rate on export of diesel to Rs 10.5 per litre, from Rs 13 per litre. The levy on diesel includes Rs 1.50 per litre road in...
Centre hikes windfall tax on domestic crude oil
Centre hikes windfall tax on domestic crude oil
Source: IANS
17/11/2022 11:44:12 AM
Prime Minister Narendra Modi launches slew of development projects in Vizag Prime Minister Narendra Modi on Saturday inaugurated or laid foundation stones for seven development projects worth Rs 10,742 crore. At a public meeting held at Andhra University Engineering College in Visakhapatnam, he formally inaugurated two projects and laid foundation stone for five others by pressing remote. Andhra Pradesh Governor Biswa Bhusan Harichandan, Chief Minister Y.S. Jagan Mohan Reddy, Union Railway Minister Ashwini Vaishnaw and others were present. The Prime Minister...
Prime Minister Narendra Modi launches slew of development projects in Vizag
Prime Minister Narendra Modi launches slew of development projects in Vizag
Source: IANS
12/11/2022 11:24:42 AM
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources  India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east as it seeks to retain a 20% share in the asset, three sources familiar with the matter said. Russian President Vladimir Putin earlier this month issued a decree to establish a new operator for the ExxonMobil-led project and authorised the Kremlin to decide whether foreign shareholders could retain stakes in Sakhalin 1. "ONGC Videsh will ...
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources
India's ONGC eyes stake in Russian entity managing Sakhalin 1 - sources
Source: Reuters
18/10/2022 9:22:43 AM
India to produce 25% of its oil demand by 2030: Hardeep Puri  Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister Hardeep Singh Puri said. At present, five million barrels of petroleum is being consumed in our country every day and it is also increasing by three per cent, which is higher than the global average of nearly one per cent, Puri added. The Union Minister shared this with media at the three-day South Asian Geoscie...
India to produce 25% of its oil demand by 2030: Hardeep Puri
India to produce 25% of its oil demand by 2030: Hardeep Puri
Source: IANS
15/10/2022 10:48:33 AM
Union Minister to inaugurate geoscience conference in Jaipur Petroleum Minister Hardeep Puri will inaugurate the three-day 5th South Asian Geoscience Conference, GEO India 2022 in Jaipur on Friday (October 14). Organised by the Association of Petroleum Geologists (APG), over a hundred experts from India and other countries including the US and Norway will participate to discuss issues and share their experiences. "Fossil Fuels, Decarbonisation and Changing Energy Dynamics'' is the theme for the conference. Petroleum Secretary Pank...
Union Minister to inaugurate geoscience conference in Jaipur
Union Minister to inaugurate geoscience conference in Jaipur
Source: IANS
14/10/2022 9:28:30 AM
Chess: Vidit Gujrathi bags silver in European Club Cup 2022, team claims gold Grandmaster (GM) Vidit Gujrathi came up with a superb performance as he helped his team, Ave Novy Bor of the Czech Republic, secure a gold medal in European Club Cup 2022 chess tournament, in the process bagging an individual silver medal on Board 2. Vidit Gujrathi and Pentala Harikrishna, the top Indian chess players who represent Novy Bor, secured the long-awaited title for the club in the final round of the European Club Cup in Mayrhofen, Austria with a 3.5-2.5 victory against Asnieres ...
Chess: Vidit Gujrathi bags silver in European Club Cup 2022, team claims gold
Chess: Vidit Gujrathi bags silver in European Club Cup 2022, team claims gold
Source: IANS
12/10/2022 6:48:55 PM
Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand  Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.58 a barrel, down 55 cents, or 0.6%, after losing $1.51 in the previous session. The U.S. dollar rose for a fourth straight s...
Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand
Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand
Source: Reuters
11/10/2022 8:53:38 AM
Deep Industries surges on receiving Letter of Award from Oil India Deep Industries is currently trading at Rs. 316.95, up by 7.80 points or 2.52% from its previous closing of Rs. 309.15 on the BSE. The scrip opened at Rs. 308.05 and has touched a high and low of Rs. 322.50 and Rs. 304.65 respectively. So far 25401 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.50 on 10-Oct-2022 and a 52 week low of Rs. 124.00 on 29-Oct-2021. Last one week high and low of the scrip stood a...
Deep Industries surges on receiving Letter of Award from Oil India
Deep Industries surges on receiving Letter of Award from Oil India
Source: Accord Fintech
10/10/2022 11:59:24 AM
India`s growing Defence exports India's defence exports to various countries have increased manifold in recent years, the latest deal is to export Indian rocket launchers to Armenia. According to reports, India would supply the 'Pinaka' multi-rocket launcher system, which can fire a salvo of 12 HE rockets in 44 seconds to Armenia besides anti-tank missiles and a variety of ammunition as part of a package agreement. The complete details of these armaments have not yet been disclosed. Pinaka saw service duri...
India`s growing Defence exports
India`s growing Defence exports
Source: IANS
9/10/2022 11:13:27 AM
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers India's producer price increase to the highest ever should not only surprise investors but also reduce past decade of skepticism on quality of returns for hydrocarbon producers, foreign brokerage, Morgan Stanley said in a report. While the hike was in line with our estimates and benefits ONGC, OIL and RIL, Gujarat Gas remains our key underweight, Morgan Stanley said. In the biannual revision, India's domestic gas prices rose by 40% from US$6.10/mmbtu to US$8.57/mmbtu, in line wi...
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers
Gas price hike reduces past decade of skepticism on quality of returns for hydrocarbon producers
Source: IANS
4/10/2022 9:14:29 AM
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities Key News IHH in talks with Indian authorities over stalled open offer in Fortis Malaysia's IHH Healthcare is in discussions with relevant authorities in India to determine the next step for its stalled open offer for an additional 26.1 per cent stake in Fortis Healthcare, according to a company statement. The Supreme Court had last week ordered a forensic audit of the share sale of Fortis Healthcare to IHH Healthcare executed in 2018, in a contempt case filed by Japanese firm Dai...
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities
Key Stock News: Fortis Healthcare, Bharat Petroleum, HCC, Adani Group, ONGC -ARETE Securities
Source: ARETE Securities Ltd
28/09/2022 9:30:25 AM
India ONGC gets better price for oil under new rules India's Oil and Natural Gas Corp has for the first time sold oil through a three-month local tender, commanding $5-$8 per barrel more than existing rates under new rules that allow producers marketing freedom, industry sources said. ONGC, the country's top oil explorer, accepted bids at that level through auction of light sweet oil from its western offshore field, including supplies from the country's flagship Mumbai High fields, they said. In June India abolished a rule tha...
India ONGC gets better price for oil under new rules
India ONGC gets better price for oil under new rules
Source: Reuters
27/09/2022 8:53:53 AM
ONGC gains on buzz of entering into MoU with Chevron New Ventures Oil & Natural Gas Corporation is currently trading at Rs. 133.45, up by 3.00 points or 2.30% from its previous closing of Rs. 130.45 on the BSE. The scrip opened at Rs. 131.00 and has touched a high and low of Rs. 133.50 and Rs. 131.00 respectively. So far 366052 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of...
ONGC gains on buzz of entering into MoU with Chevron New Ventures
ONGC gains on buzz of entering into MoU with Chevron New Ventures
Source: Accord Fintech
20/09/2022 3:28:25 PM
3i Infotech inches up on securing order from ONGC Petro-additions 3i Infotech is currently trading at Rs 51.35, up by 0.05 points or 0.10% from its previous closing of Rs. 51.30 on the BSE. The scrip opened at Rs. 51.35 and has touched a high and low of Rs. 51.90 and Rs. 50.85 respectively. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.40 on 16-Dec-2021 and a 52 week low of Rs. 29.96 on 22-Oct-2021. Last one week high and low of the scrip stood at Rs. 54.20 and Rs. 49.30 respectively. The current market ...
3i Infotech inches up on securing order from ONGC Petro-additions
3i Infotech inches up on securing order from ONGC Petro-additions
Source: Accord Fintech
16/09/2022 10:57:03 AM
Engineers India spurts on receiving order from ONGC Engineers India is currently trading at Rs. 71.20, up by 1.70 points or 2.45% from its previous closing of Rs. 69.50 on the BSE. The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 72.45 and Rs. 69.65 respectively. So far 112915 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 82.45 on 19-Oct-2021 and a 52 week low of Rs. 55.95 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 7...
Engineers India spurts on receiving order from ONGC
Engineers India spurts on receiving order from ONGC
Source: Accord Fintech
12/09/2022 12:27:59 PM
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III Oil & Natural Gas Corporation is currently trading at Rs. 134.25, up by 0.30 points or 0.22% from its previous closing of Rs. 133.95 on the BSE. The scrip opened at Rs. 134.80 and has touched a high and low of Rs. 135.30 and Rs. 133.90 respectively. So far 43603 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 194.60 on 08-Mar-2022 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of ...
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III
ONGC inches up on inking 6 contracts for DSF in offshore during DSF-III
Source: Accord Fintech
12/09/2022 10:18:09 AM
Government signs contracts for 31 small fields, 4 coal bed methane blocks  The government has signed contracts for 31 discovered small fields (DSF) under the third round of bidding as well as for four coal bed methane (CBM) blocks under the fifth round of bidding with 14 domestic companies, which have been awarded these blocks. Among these blocks, the Oil and Natural Gas Corporation (ONGC) has signed six contracts for DSF, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include four contract areas as sole bidder and two contract areas in ...
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Government signs contracts for 31 small fields, 4 coal bed methane blocks
Source: IANS
12/09/2022 9:27:34 AM