|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||179.40 - 184.65|
|52-week range||151.80 - 212.85|
|PE ratio (TTM)||10.58|
|Forward dividend & yield||7.40 (4.29%)|
|1y target est||225.09|
Join as a doctor at Oil and Natural Gas Corporation Limited. ONGC has invited applications from interested and eligible candidates to fill up 16 vacancies. The selection process is through a walk-in interview that will be held on Sep 8, 2018.
Oil and Natural Gas Corporation Limited (ONGC), a Maharatna public sector enterprise, has released a recruitment notification for the post of Graduate Trainee (GT) in engineering and geoscience disciplines. The selection will be done through GATE 2019. The selected candidates will
Sudan wants India's ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL said in a statement on Friday. OVL, 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 seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.
New Delhi, Aug 6 (IANS) The highest ever operating profit posted by the state-run Oil and Natural Gas Corporation (ONGC) in the first quarter will help the company reduce borrowings, US rating agency Moody's said on Monday. Last week, ONGC reported a 58.32 per cent jump in earnings before interest, tax, depreciation and amortization (EBITDA) for the April-June quarter at Rs 13,893 crore, as compared to the Rs 8,775 crore profit before tax in the same period last year. "The increase in EBITDA was largely driven by higher crude oil prices, as well as the depreciation of the Indian rupee," Moody's Investors Service said in a report.
New Delhi, Aug 3 (IANS) India will appeal against a ruling by an international tribunal in favour of Reliance Industries (RIL) in a dispute over gas migration from fields operated by state-run explorer Oil and Natural Gas Corp (ONGC), Union Petroleum Minister Dharmendra Pradhan said on Friday. Last week, a three-member international arbitration tribunal rejected the government's $1.55 billion claim against RIL and held that the company could contractually produce and sell any gas that might have migrated from adjoining fields of ONGC into its area and Reliance was not obligated to seek prior government permission for doing so.
New Delhi, Aug 2 (IANS) State-run explorer Oil and Natural Gas Corp (ONGC) on Thursday declared a 58.15 per cent jump in net profit for the first quarter ending in June at Rs 6,143.88 crore on the back of higher crude prices and improved performance. The country's biggest hydrocarbons producer said in a statement here that it had posted a net profit of Rs 3,884.73 crore in the corresponding quarter of last year. Sequentially, ONGC's operating profit increased 29.43 percent to Rs 14,732 crore while margin rose to 54.14 percent, from 47.49 percent in the previous quarter.
India's top explorer Oil and Natural Gas Corp on Thursday posted a lower-than-expected first-quarter standalone profit, hurt by higher expenses. Profit http://bit.ly/2O1aRHp on a standalone basis, which ...
Based on Oil and Natural Gas Corporation Limited’s (NSE:ONGC) earnings update in March 2018, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 40.90% inRead More...
India’s top oil exporter has seen its cash reserves crash by more than 90 percent in the last year, a result of the company paying a record high dividend and acquiring a refiner as it aims to expand
India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash. The state-run company’s cash reserves have shrunk by more than 90 percent in the past year, after it was ordered to purchase the administration’s stake in a refiner and it paid a record dividend. ONGC’s largest shareholder, Prime Minister Narendra Modi’s government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit.
Venezuela's state oil company PDVSA has halted payment to India's ONGC Videsh Ltd (OVL), Managing Director N K Verma said on Thursday, a move that could threaten the future financing of the San Cristobal energy project in the sanctions-hit South American nation. OVL, the overseas investment arm of India's top explorer, Oil and Natural Gas Corp, holds a 40 percent stake in San Cristobal, where production has fallen to about 18,000 bpd. ONGC had agreed to arrange financing of $300 million for the project to stop the output decline, Verma said.
India's top explorer Oil and Natural Gas Corp posted a 36 percent rise in fourth-quarter profit on Wednesday, but missed analysts' expectations. Standalone profit, which does not include the financials ...
India's top explorer Oil and Natural Gas Corp has awarded its first mini-term tender to sell Brazil's heavy crude oil Ostra in June-November to Shell, three sources familiar with the matter said. ONGC ...
Following is a list of deals and memoranda of understanding(MoU) that Iran has signed with foreign companies, which could be under threat amid speculation Washington may impose secondary sanctions on firms that continue to work with Tehran. The company had signed the South Pars deal in November 2016, becoming the first oil major to agree a big transaction with Tehran in the wake of the 2015 international nuclear agreement. Industry sources said in October 2017 that China's top oil and gas company CNPC would consider taking over Total's stake in the project if the French company left.
Saudi Basic Industries Corp (SABIC), the world's No.4 petrochemical company, wants to buy about half of the $4.6-billion Indian petchem project backed by Oil and Natural Gas Corp (ONGC), two sources familiar with the matter said. ONGC is a majority shareholder in ONGC Petro Additions Ltd (OPaL), which operates India's biggest petrochemical plant in western Gujarat state. "They (SABIC} want to have a significant stake in OPaL, around 50 percent," said one of the sources.
India's top explorer Oil and Natural Gas Corp on Friday floated a mini tender to sell Brazil's heavy oil Ostra in June-November, a tender document showed on Friday. The tender will close on May 15 with ...
ONGC aims to drill 535 oil and gas wells in this fiscal year to March 2019, compared with 503 well drilled in the previous year, the company said in a statement. India, which imports about 80 percent of its oil needs, wants to quickly monetise its oil and gas reserves and has been nudging its state explorers to boost oil and gas production.
Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed a 40-year agreement with OMV, awarding the Austrian oil and gas group a 20 percent stake in Abu Dhabi’s SARB and Umm Lulu offshore oil concession. OMV contributed a participation fee of 5.5 billion dirhams($1.5 billion) to enter the concession, ADNOC said in a statement, adding that it would retain a majority 60 percent stake in the offshore concession. The signing ceremony was attended by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan and Austrian Chancellor Sebastian Kurz, who is on an official visit to the United Arab Emirates.
The foreign acquisition unit of Oil and Natural Gas Corp's (ONGC) has filed an arbitration claim against the government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011. People familiar with the matter in India and Sudan said ONGC had filed a claim for $98.94 million, in what they said was a first for the South Asian nation's top oil and gas explorer against any government. At the centre of the dispute is ONGC's 25 percent stake the company acquired in the Greater Nile Oil Project (GNOP) in Sudan in 2003.
India's Petronet LNG Ltd wants to partner with ONGC Videsh Ltd (OVL), the overseas arm of India's biggest explorer Oil and Natural Gas Corp Ltd, to pick up a stake in an upcoming exploration and liquefied natural gas (LNG) project in Qatar, a company official said. The project would be Petronet's maiden venture into the natural gas exploration and production business and overseas LNG terminals. "We will be signing a non-confidentiality agreement with QatarGas in the next one week or so, and then evaluate the project," Prabhat Singh, managing director and chief executive officer of Petronet told Reuters at the International Energy Forum on Wednesday.
India's Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years. The plan is to transport the gas from the east coast to the industrial heart belt of western India, an ONGC executive told Reuters. "We want to use the pipeline to reach customers in West India to sell gas from the KG basin.
India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project, two sources familiar with the matter said. Relations between the two countries, which have long held deep trade ties, were strained last year after Iran sought other investors for the field and media reports suggested Tehran would award it to Russia's Gazprom. In retaliation, India directed its state refiners to cut oil imports from Iran.
India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry ...
The Oil and Natural Gas Corp (ONGC) is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports. ONGC, India's biggest explorer, has shortlisted U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes to submit proposals on boosting production from two onshore fields, according to a document seen by Reuters. The three companies have until May to submit their proposals for what ONGC is calling a "production enhancement contract" for an oilfield in Assam and another in Gujarat.
ABU DHABI/DUBAI (Reuters) - A consortium led by India's Oil and Natural Gas Corp (ONGC) has become the first group to win a stake in Abu Dhabi National Oil Co's (ADNOC) 40-year offshore oil concession, a deal set to help the UAE expand its foothold in Asia. State-run ADNOC signed an agreement on Saturday with the ONGC Videsh-led consortium giving the group a 10 percent stake in the new Lower Zakum offshore concession, with a participation fee of 2.2 billion dirhams ($600 million), ADNOC said in a statement, confirming a report by Reuters.