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Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services Outlook intact amid steady performance * ONGC’s reported EBITDA stood at INR194.5b (-25% YoY, +19% QoQ), 8% above our estimate, due to slightly higher gas realization and lower profit petroleum. * As per earlier guidance, management expects oil production from KG-DWN98/2 to commence by Aug’23 in an optimistic scenario and by Oct’23 in a worst-case scenario. The peak oil production is likely to be ~40-45kbopd. * Although the levy of windfall tax by the Center with a ...
Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services
Buy ONGC Ltd For Target Rs.220 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
24/08/2023 2:27:20 PM
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation The Chief Executive Officer of Rosneft Oil Company, Igor Sechin, recently made an influential working trip to India, during which he met Indian government officials as well as executives from some of the country's largest oil and gas companies. During the trip, Rosneft Oil Company and Indian Oil Company signed a term agreement to substantially increase oil supplies as well diversify the grades to India. Igor Sechin, CEO of Rosneft Oil Company, and Shrikant Madhav Vaidya, Chairman of...
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Source: IANS
30/03/2023 9:26:06 AM
Indian energy company ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said. The company already has a presence in both continents through stakes in projects in Mozambique, Brazil and Venezuela among others. "It's better to invest in bigger hot spots where you can get larger discoveries... Africa and...
Indian energy company ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America
Indian energy company ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America
Source: Reuters
9/02/2023 9:11:50 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's BPCL plans to load Sokol cargo in September - sources Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said. The Sokol cargo had been one of two sold by ONGC Videsh, the overseas investment arm of and Natural Gas Corp to refiners Hindustan Petroleum Corp and BPCL in March. The cargoes, originally scheduled to load in May, could not be lifted as ship insurance cover had not been available then due to pressure from ...
India's BPCL plans to load Sokol cargo in September - sources
India's BPCL plans to load Sokol cargo in September - sources
Source: Reuters
8/09/2022 3:36:49 PM
Rosneft starts production drilling at Payakhskoye field of Vostok Oil project Rosneft has started production drilling at the Payakhskoye field on the Taimyr Peninsula. The Russian energy company plans to drill about 80 wells there by the end of this year. The Payakhskoye field is part of Rosneft's Vostok Oil strategic project. Its licence fund consists of 52 subsoil plots, within which 13 fields have been discovered, four of which have already been put into development using the latest technologies. The project's resource base of 6.2 billion tonnes of oil...
Rosneft starts production drilling at Payakhskoye field of Vostok Oil project
Rosneft starts production drilling at Payakhskoye field of Vostok Oil project
Source: IANS
1/08/2022 2:15:57 PM
Rosneft believes Indian market has long-term potential Russian oil company Rosneft promotes a framework of integrated cooperation with Indian partners across the entire value chain, from the extraction of oil to the refining and distribution of oil products. Since 2016, Indian companies (ONGC Videsh Ltd., Oil India Limited, Indian Oil Corporation, and Bharat Petroresources) own 49.9 per cent of the JSC Vankorneft subsidiary. This Krasnoyarsk Territory-based enterprise is developing the Vankor oil and gas condensate field -- the largest fiel...
Rosneft believes Indian market has long-term potential
Rosneft believes Indian market has long-term potential
Source: IANS
23/11/2021 12:31:44 PM
Key News - Maruti Suzuki, Infosys Ltd, Balaji Telefilms Ltd, ONGC Videsh Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities Key News Maruti Suzuki hikes prices by up to 1.9% due to increase in input costs The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 per cent with immediate effect. In a regulatory filing, the company noted that it has taken the decision to hike prices due to an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is...
Key News - Maruti Suzuki, Infosys Ltd, Balaji Telefilms Ltd, ONGC Videsh Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities
Key News - Maruti Suzuki, Infosys Ltd, Balaji Telefilms Ltd, ONGC Videsh Ltd, Bharat Petroleum Corporation Ltd By ARETE Securities
Source: ARETE Securities Ltd
7/09/2021 9:19:45 AM