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Deepwater Gas Price Ceiling Hiked To $9.89 Per MMBtu; APM Cap At $7
India raises the ceiling price for difficult-field natural gas to $9.89/MMBtu from $8.90, supporting offshore producers such as Reliance-BP’s KG-D6. The cap for ONGC and OIL legacy gas remains at $7/MMBtu.
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Major Milestone For India's Offshore Energy Exploration, ONGC Strikes Gas In Deepwaters Of Mahanadi Basin
The well was perforated on September 18 after evaluation of subsurface data. ONGC said the well is currently flowing with a good gas rate and healthy reservoir pressure.
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Why Is ONGC Share Price Buzzing In Trade Today? Key Details Inside
At 9:24 am, ONGC shares were trading near the day's high, up 1.94% at Rs 241.60, even as the broader market remained under pressure. The BSE Sensex was down 0.85% at around 74,269 at the time.
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Assam Police Officer Arrested Over Links With Crude Oil Theft Racket
Pator's name surfaced during the investigation into an alleged racket involved in stealing crude oil by puncturing an ONGC pipeline in Sarupathar.
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ONGC To Set Up Oil Trading Unit By December, Says Chairman
ONGC plans to establish an oil trading unit by December as it expands across the energy value chain. The company is considering Dubai or Singapore for the venture, according to Chairman Arun Kumar Singh.
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ONGC Set to Expand Venezuela Operations After Securing US Sanctions Waiver
ONGC has secured a US OFAC licence to resume full operations in Venezuela, recover up to $600 million in pending dividends and pursue operatorship, while planning to raise oil output from 12,000-15,000 bpd to 30,000 bpd.
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Can ONGC Shares Rally 20% More? Macquarie Thinks Yes, Flags Volume Recovery As Key Factor
Macquarie continues to see ONGC as attractively valued, citing expectations of higher production volumes over time, stronger gas realisations and an 8% dividend yield supporting its positive stance.
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Mangalore Refinery Shares Extend Rally, Gain 4% As Strategic Petroleum Reserve Plan Boosts Sentiment
MRPL shares extended gains after ONGC announced a 1.75 MMT strategic petroleum reserve in Mangalore, boosting investor sentiment and energy security hopes.
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ONGC Emerges Top Performer In Nifty 50 Pack, Defies Stock Market Crash
Shares of the state-run oil & gas explorer traded higher despite the stock market crash amid renewed US-Iran tensions that led to a spike in global crude oil rates by upto 5%.
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ONGC Q4 Results: Profit Falls 21% Even As Revenue Nears Rs 36,000 Crore; Dividend Declared
State-run oil explorer reports weaker margins and lower quarterly profit even as revenue growth remains strong; board also clears Dahej port JV and guarantee support for overseas arm.
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Fire At ONGC's Mumbai High Offshore Oil Field, 10 Injured
New Delhi, April 4 (IANS) Ten personnel sustained minor injuries after a fire broke out on the SHP Platform of Oil and Natural Gas Corporation Limited (ONGC) at its Mumbai High Asset on Friday.
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ONGC Shares Surge Over 6% In Trade — Here's Why
The share price of ONGC has surged over 6%, and is trading at around Rs 262.83 apiece.
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ONGC Oil Well Fire Under Control In Andhra, Residents Allowed To Return Home
After three days of firefighting and blowout control operations, authorities have declared it safe for residents evacuated from villages near the ONGC gas well fire in Andhra Pradeshs Dr. BR Ambedkar Konaseema district to return home.
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ONGC Oil Well Fire Rages For 2nd Day In Andhra, People Shifted To Camps
For the second consecutive day, a massive gas blowout at ONGCs Mori-5 well in Andhra Pradeshs Dr BR Ambedkar Konaseema district continued to rage and international experts are being consulted to rein in the fire.
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Gas Leak At ONGC Oil Well: Smoke Exposure And Other Health Risks, Safety Precautions Explained
A major gas leak and fire at an ONGC oil well in Irusumanda village, Andhra Pradesh, forced evacuations as thick gas and smoke spread.
-
Deepwater Gas Price Ceiling Hiked To $9.89 Per MMBtu; APM Cap At $7
India raises the ceiling price for difficult-field natural gas to $9.89/MMBtu from $8.90, supporting offshore producers such as Reliance-BP’s KG-D6. The cap for ONGC and OIL legacy gas remains at $7/MMBtu.
-
Major Milestone For India's Offshore Energy Exploration, ONGC Strikes Gas In Deepwaters Of Mahanadi Basin
The well was perforated on September 18 after evaluation of subsurface data. ONGC said the well is currently flowing with a good gas rate and healthy reservoir pressure.
-
Why Is ONGC Share Price Buzzing In Trade Today? Key Details Inside
At 9:24 am, ONGC shares were trading near the day's high, up 1.94% at Rs 241.60, even as the broader market remained under pressure. The BSE Sensex was down 0.85% at around 74,269 at the time.
-
Assam Police Officer Arrested Over Links With Crude Oil Theft Racket
Pator's name surfaced during the investigation into an alleged racket involved in stealing crude oil by puncturing an ONGC pipeline in Sarupathar.
-
ONGC To Set Up Oil Trading Unit By December, Says Chairman
ONGC plans to establish an oil trading unit by December as it expands across the energy value chain. The company is considering Dubai or Singapore for the venture, according to Chairman Arun Kumar Singh.
-
ONGC Set to Expand Venezuela Operations After Securing US Sanctions Waiver
ONGC has secured a US OFAC licence to resume full operations in Venezuela, recover up to $600 million in pending dividends and pursue operatorship, while planning to raise oil output from 12,000-15,000 bpd to 30,000 bpd.
-
Can ONGC Shares Rally 20% More? Macquarie Thinks Yes, Flags Volume Recovery As Key Factor
Macquarie continues to see ONGC as attractively valued, citing expectations of higher production volumes over time, stronger gas realisations and an 8% dividend yield supporting its positive stance.
-
Mangalore Refinery Shares Extend Rally, Gain 4% As Strategic Petroleum Reserve Plan Boosts Sentiment
MRPL shares extended gains after ONGC announced a 1.75 MMT strategic petroleum reserve in Mangalore, boosting investor sentiment and energy security hopes.
-
ONGC Emerges Top Performer In Nifty 50 Pack, Defies Stock Market Crash
Shares of the state-run oil & gas explorer traded higher despite the stock market crash amid renewed US-Iran tensions that led to a spike in global crude oil rates by upto 5%.
-
ONGC Q4 Results: Profit Falls 21% Even As Revenue Nears Rs 36,000 Crore; Dividend Declared
State-run oil explorer reports weaker margins and lower quarterly profit even as revenue growth remains strong; board also clears Dahej port JV and guarantee support for overseas arm.
-
Fire At ONGC's Mumbai High Offshore Oil Field, 10 Injured
New Delhi, April 4 (IANS) Ten personnel sustained minor injuries after a fire broke out on the SHP Platform of Oil and Natural Gas Corporation Limited (ONGC) at its Mumbai High Asset on Friday.
-
ONGC Shares Surge Over 6% In Trade — Here's Why
The share price of ONGC has surged over 6%, and is trading at around Rs 262.83 apiece.
-
ONGC Oil Well Fire Under Control In Andhra, Residents Allowed To Return Home
After three days of firefighting and blowout control operations, authorities have declared it safe for residents evacuated from villages near the ONGC gas well fire in Andhra Pradeshs Dr. BR Ambedkar Konaseema district to return home.
-
ONGC Oil Well Fire Rages For 2nd Day In Andhra, People Shifted To Camps
For the second consecutive day, a massive gas blowout at ONGCs Mori-5 well in Andhra Pradeshs Dr BR Ambedkar Konaseema district continued to rage and international experts are being consulted to rein in the fire.
-
Gas Leak At ONGC Oil Well: Smoke Exposure And Other Health Risks, Safety Precautions Explained
A major gas leak and fire at an ONGC oil well in Irusumanda village, Andhra Pradesh, forced evacuations as thick gas and smoke spread.
