Tag: ONGC

ONGC approves joint venture with MRPL, OPaL focussed on petrochemicals marketing

April 27, 2026 admin

Image used for representational purposes. File | Photo Credit: Reuters Seeking to strengthen their petrochemical business, state-owned explorer ONGC approved the formation of a joint venture company with subsidiaries Mangalore Refinery Pvt Ltd (MRPL) and ONGC Petro additions Ltd (OPaL), integrating petrochemical marketing division of the companies, it informed bourses on Monday (April 27, 2026)….

Business

ONGC Shares Surge Over 6% In Trade — Here’s Why

January 28, 2026 admin

Shares of Oil and Natural Gas Corporation (ONGC) are in focus after its joint venture with Japan’s Mitsui O.S.K. Lines (MOL) finalized shipbuilding contracts with South Korean major Samsung Heavy Industries. The share price of ONGC has surged over 6%, and is trading at around Rs 262.83 apiece. The announcement was made during India Energy Week 2026…

Business

ONGC announces end of ‘force majeure’ of Mozambique LNG project

November 12, 2025 admin

The overseas arm of the exploration and production company, ONGC Videsh holds 16% interest in the project through its subsidiaries | Photo Credit: Reuters State-owned explorer ONGC Wednesday announced the formal end of the force majeure of the Area 1 LNG project in Mozambique. It informed that the consortium of the 13.12 million metric tonnes…

Business

ONGC eyes 15% cost reduction to address lower oil price regime

October 13, 2025 admin

The company expects scaling up at the base would help augur more than ₹1,000 crore in savings. File. | Photo Credit: Reuters Oil and Natural Gas Company (ONGC) is seeking to reduce 15% costs organisation-wide via varied optimisation measures, Director for Production Pankaj Kumar told reporters in New Delhi. Mr. Kumar enumerated primary areas of focus…

Business

ONGC asked to pay ₹60 lakh as penalties for alleged discrepancy in excise duty payment of Rajahmundry asset

October 7, 2025 admin

According to ONGC, it had already paid ₹42 lakh for the quantity it had produced itself and sought exemption of the approx. ₹18 lakh, for the quantity produced by the contractor, as per relevant provisions back then. File. | Photo Credit: Reuters State-owned explorer Oil and Natural Gas Company (ONGC) informed Tuesday that the Vijayawada…

Business

ONGC to invest ₹8,110 crore to develop 172 onshore wells in Andhra, gets ‘green nod’ from EAC

October 6, 2025 admin

Representational file image. | Photo Credit: Reuters Oil and Natural Gas Corporation Limited (ONGC) is set to invest ₹8,110 crore for onshore development and production of oil and gas from 172 wells in eight PML (petroleum mining lease) blocks in Andhra Pradesh. A committee under the Ministry of Environment, Forest and Climate Change has recommended…

Business

ONGC Adds 65 New Ambulances For Ops In Assam

January 10, 2025 admin

Guwahati: In a step towards enhancing safety and emergency response, energy major Oil and Natural Gas Corporation (ONGC) has ramped up its fleet of ambulances in Assam by adding 65 new vehicles, an official said on Friday. The new ambulances, which were leased from the Assam State Transport Corporation (ASTC) for a period of five…

Nation

ONGC to invest ₹2 lakh cr to meet net zero emission target

July 9, 2024 admin

FILE PHOTO: A technician is pictured inside a desalter plant of Oil and Natural Gas Corp (ONGC) on the outskirts of Ahmedabad, India, September 30, 2016. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVE State-owned Oil and Natural Gas Corporation (ONGC) will invest about ₹2 lakh crore in setting up renewable energy sites and green…

Business

ONGC seeks foreign partners for Mumbai High oilfield

June 9, 2024 admin

Image used for representative purpose only. State-owned Oil and Natural Gas Corporation (ONGC) is seeking foreign partners to reverse declining output at its flagship Mumbai High fields, offering a share of revenue from incremental production plus a fixed fee but not any equity stake. ONGC on June 1 floated an international tender seeking global technical…

Business

Stock exchanges slap fines on IOC, ONGC, GAIL for failure to meet listing regulations

August 27, 2023 admin

Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements | Photo Credit: Reuters Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number…

Business