ONGC News

According to an earlier filing, the Delhi High Court on February 14 overturned an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields. 

The companies were slapped a fine of Rs 5,42,800 each for the third quarter (October-December 2023).

Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.

ES Ranganathan explains, “The KG Block has long been recognized as a potential source of significant hydrocarbon reserves. The realization of this potential underlines ONGC's commitment to exploring and harnessing domestic resources, reducing dependence on foreign oil, and contributing to the country's energy security.”

The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'.  

ONGC, India's top crude oil and natural gas producer, earned USD 76.49 for every barrel of crude oil it produced and sold from nomination fields against a net realisation of USD 108.55 per barrel last year.

Capital markets are volatile and investor appetite remains selective, so refinancing risks will remain elevated particularly for high-yield issuers such as Vedanta, which accounts for around 47 per cent of the upcoming bond maturities, it opined in a report on December 1.

The oil ministry will process the recommendations before moving them to the Cabinet for approval for changes in the existing gas pricing regime.

Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the first time since its founding in 1933 declared its net worth.

The winning team would get a prize of Rs 5 lakh followed by Rs 2.5 lakh prize money for the Runner Up team besides Man of the Series and Man of the Match would get prize money of Rs 51000 and Rs 31000 respectively. The  Best Batsman and  Best bowler would get Rs 11000 each.

ONGC helicopter with 9 onboard crashed minutes away from the rig 4 people declared dead, including 3 ONGC employees and 1 contractor ONGC deployed brand new Pawan Hans Sikorsky S-76D chopper

The Navy sent out the Seaking and ALH helicopters for rescue ops The Coast Guard aircraft also dropped life rafts for survivors The ONGC chopper was attempting to land at the rig

ONGC helicopter has crashed in the sea near Mumbai. Coast Guard ships have left for the accident site

Interested and eligible candidates can apply online through the official website of ONGC- www.ongcindia.com till May 28.

The unsubscribed portion of retail investors will be allotted to institutional buyers. Institutional investors had put in bids for over 30.35 crore shares at an indicative price of Rs 159.91 per share.

The Offer For Sale (OFS) by the government will be open on March 30 and 31, Oil and Natural Gas Corporation (ONGC) said in a stock exchange filing on Tuesday.

ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019. The project was further pushed back and crude oil is now expected to reach Indian shores in the third quarter of 2022.

Gas price rose to USD 2.90 per million British thermal unit in October-December 2021 as against USD 1.79 a year back. Revenue in the quarter under review was up 67.3 per cent to Rs 28,474 crore. The board of the firm approved a second interim dividend of 35 per cent (Rs 1.75 per share).

Mittal has a post graduate in economics, an MBA in HR management and a doctorate in commerce and business studies.

Go to the official site to apply Check the application process and age limit