Flagship explorer Oil and Natural Gas Corporation on Thursday declared a 27% dip in its net profit for the first quarter of the ongoing fiscal as its sales realisation declined on account of lower crude prices and discounts given to state-run refiners. For full story, click here
Continue reading "ONGC net slipped 27% on lower crude, subsidy discounts"
Wednesday, June 24, 2009
Oil and Natural Gas Corp. declared that its gross realisation in the quarter ended March more than halved as international crude prices slipped. For full story, click here
Continue reading "ONGC declared Gross realisation dipped more than half"
Thursday, May 14, 2009
Oil and Natural Gas Corporation wants to quit from Cairn India’s prolific Rajasthan oil fields but the exit will not absolve it from its obligation to pay government levies on the crude oil produced. For full story, click here
Continue reading "Exit will not relieve ONGC of its levy burden on Rajasthan Crude"
Thursday, May 7, 2009
Oil and Natural Gas Corporation wishes to exit Cairn India’s prolific Rajasthan oilfields as it has found the project economically unviable due to the Government levies that it will have to bear. For full story, click here
Continue reading "ONGC wants to exit Cairn’s Rajasthan Oilfields"
Thursday, May 7, 2009
Five years after the announcement of its plan to build a refinery at Barmer in Rajasthan, Oil and Natural Gas Corporation is finding it difficult to go ahead with the proposal. For full story, click here
Continue reading "ONGC’s Barmer refinery has remained a non-starter"
Monday, March 16, 2009
Public sector ONGC is looking at potential crude oil resources in Rajasthan’s Hadauti region and adjoining districts, according to officials. For full story, click here
Continue reading "ONGC exploring possible crude oil resources in Rajasthan"
Tuesday, March 10, 2009
State-run explorer Oil and Natural Gas Corp. Ltd has announced its plans to set up a strategic petroleum reserve, in Rajasthan, a storage facility to hold crude oil that is expected to be completed by December. For full story, click here
Continue reading "ONGC to set up strategic reserves"
Thursday, March 5, 2009
ONGC ran into trouble for carrying out directions from the government to keep fuel prices low. After investment Goldman Sachs put up doubts over corporate governance in the flagship explorer, the company lost Rs 2,700 crore in market value as its shares tumbled 2% on the Bombay Stock Exchange. For full story, click here
Continue reading "ONGC runs into trouble for obeying govt"
Monday, February 23, 2009
India’s Oil & Natural Gas Corp (ONGC), hascut its crude oil output target by around 3.5% for the current financial year due to infrastructure shortages and technical issues. For more information, click here
Continue reading "ONGC cuts oil output target by 3.5%"
Sunday, February 8, 2009
ONGC plans to spend 71.33 billion rupees ($1.5 billion) to increase output in the Mumbai High area off the west coast. For full story, click here
Continue reading "ONGC plans to spend 71.33 billion rupees"
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Thursday, July 23, 2009