natural gas corp

MCC-Murugappa Hockey: Army XI draw with ONGC


September 11th, 2012 - 12:20 am ICT by IANS
Chennai, S Sep 10 (IANS) Holders Oil and Natural Gas Corp (ONGC)dropped precious points as they drew 1-1 with Army XI in a pool A match of the 87th MCC ... Read more...

Posted in Sports |

No deregulation of diesel, kerosene, LPG prices


August 21st, 2012 - 8:18 pm ICT by IANS
New Delhi, August 21 (IANS) The government has no plans to deregulate diesel, cooking gas (LPG) and kerosene prices by withdrawing subsidy on them, Minister of State for Petroleum ... Read more...

Posted in Business |

China to react if India seeks oil in South China Sea


August 1st, 2012 - 4:33 pm ICT by IANS
Beijing, Aug 1 (IANS) India and Vietnam should be given a "strong response" if they insist on exploring oil and gas in waters claimed by China, a Chinese newspaper has ... Read more...

Posted in World |

ONGC official held for bribe sent to judicial custody


February 8th, 2012 - 8:54 pm ICT by IANS
Guwahati, Feb 8 (IANS) A CBI special court here Wednesday sent an official of the Oil and Natural Gas Corp (ONGC) to 14-day judicial custody for taking a bribe of ... Read more...

Posted in Business |

ONGC approves Cairn-Vedanta deal


September 28th, 2011 - 7:01 pm ICT by IANS
Mumbai, Sep 28 (IANS) In a relief to Anil Agarwal-promoted Vedanta Group, state-run Oil and Natural Gas Corp has agreed to it buying the India assets of Britain-based Cairn Energy, ... Read more...

Posted in Business |

MRPL posts six-fold increase in profit


July 26th, 2011 - 9:36 pm ICT by IANS
New Delhi, July 26 (IANS) Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corp (ONGC), Tuesday posted a six-fold increase in net profit at Rs.172.7 ... Read more...

Posted in Uncategorized |

ONGC reports 26 percent drop in Q4 profit


May 30th, 2011 - 10:17 pm ICT by IANS
New Delhi, May 30 (IANS) India's biggest oil explorer, Oil and Natural Gas Corp (ONGC) Monday reported a decrease of 26 percent in net profit for the fourth quarter of ... Read more...

Posted in Business |

Disinvestment to bring in Rs.40,000 crore by 2010-11


October 18th, 2010 - 8:09 pm ICT by IANS
Kolkata, Oct 18 (IANS) Disinvestment Secretary Sumit Bose Monday said the government would mop up the targeted Rs.40,000 crore through disnvestment in public sector units in fiscal 2010-11 as proposed in the ... Read more...

Posted in Business |

Cairn India strikes oil in Krishna Godavari basin


August 23rd, 2010 - 6:01 pm ICT by IANS
Mumbai, Aug 23 (IANS) India's fourth largest oil and gas producer, Cairn India, Monday said it has struck oil at a well in the Krishna Godavari basin, off the Andhra Pradesh coast. "A ... Read more...

Posted in Business |

L&T bags Rs.2,000 crore order from Managalore Petrochemicals


March 15th, 2010 - 3:34 pm ICT by IANS
Mumbai, March 15 (IANS) Engineering and construction major Larsen and Toubro Friday said it has won a Rs.2,035-crore order from the state-run Managalore Petrochemicals, a unit of Oil and Natural Gas Corp. The ... Read more...

Posted in Business |

ONGC third quarter net profit rises 23 percent (Second Lead)


January 21st, 2010 - 9:48 pm ICT by IANS
New Delhi, Jan 21 (IANS) Recording a sharp rise in its third quarter net profit, state-run Oil and Natural Gas Corp Thursday said that it has also seen its earnings per barrel ... Read more...

Posted in Business |

ONGC third quarter net profit rises 23 percent (Lead superseding earlier story)


January 21st, 2010 - 7:21 pm ICT by IANS
Mumbai, Jan 21 (IANS) State-run energy major Oil and Natural Gas Corp (ONGC) Thursday reported a 23 percent increase in net profit at Rs.3,053.58 crore for the third quarter this fiscal, compared ... Read more...

Posted in Business |

ONGC third quarter net rises 23 percent


January 21st, 2010 - 6:32 pm ICT by IANS
Mumbai, Jan 21 (IANS) State-run energy major Oil and Natural Gas Corp (ONGC) Thursday reported a 23 percent drop in net profit at Rs.3,053.58 crore for the third quarter this fiscal, compared ... Read more...

Posted in Business |

Mangalore Refinery to raise Rs.4,000 crore for expansion (Lead)


January 19th, 2010 - 10:25 pm ICT by IANS
New Delhi, Jan 19 (IANS) State-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) will raise Rs.4,000 crore by March 2012 for its expansion plans, a company official said Tuesday. MRPL's Director (Finance) L.K. Gupta ... Read more...

Posted in Business |

Mangalore Refinery net at Rs.259 cr in third quarter


January 19th, 2010 - 7:10 pm ICT by IANS
Mumbai, Jan 19 (IANS) State-owned Mangalore Refinery and Petrochemicals (MRPL) Tuesday reported a net profit of Rs.259.54 crore for the quarter ended Dec 31, compared to a net loss of Rs.285.41 crore ... Read more...

Posted in Business |

India eyeing oil production opportunities in Africa


December 7th, 2009 - 2:47 pm ICT by IANS
New Delhi, Dec 7 (IANS) India is looking to participate in "exploration and production opportunity" in Africa and to be a part of the continent's natural gas market, Petroluem Minister Murli Deora ... Read more...

Posted in Business |

ONGC to develop gas fields in Iran


December 2nd, 2009 - 10:52 pm ICT by IANS
New Delhi, Dec 2 (IANS) The state-run oil explorer Oil and Natural Gas Corp (ONGC) and its partners have signed two agreements with Iranian authorities to develop gas fields in that country. ... Read more...

Posted in Business |

Indian equities end tad higher after volatile session (Roundup)


November 17th, 2009 - 5:55 pm ICT by IANS
Mumbai, Nov 17 (IANS) Indian equities managed to end marginally higher Tuesday after a bout of heavy volatility, which saw a key index swing in a range of nearly 200 points, ... Read more...

Posted in Business |

Government making consultations on gas price hike


November 13th, 2009 - 10:36 pm ICT by IANS
New Delhi, Nov 13 (IANS) The petroleum ministry has started inter-ministerial consultations to hike the regulated price of gas sold by the state-run Oil and Natural Gas Corp (ONGC) and Oil India ... Read more...

Posted in Business |

ONGC arm gets nod for more investment in Brazil


November 12th, 2009 - 6:12 pm ICT by IANS
New Delhi, Nov 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday authorised the overseas arm of Oil and Natural Gas Corp (ONGC) to make an additional investment of $70 ... Read more...

Posted in Business |

Speculative derivative trade impacting oil prices: ONGC


November 9th, 2009 - 7:31 pm ICT by IANS
New Delhi, Nov 9 (IANS) International oil prices may not stabilise due to a hyperactive derivatives market, which was indulging in speculation to make profits rather than hedging against risk, said the ... Read more...

Posted in Business |

ONGC to invest $174 mn in Myanmar


October 29th, 2009 - 11:03 pm ICT by IANS
New Delhi, Oct 29 (IANS) The overseas arm of Oil and Natural Gas Corp (ONGC) has been allowed to make an investment of up to $173.85 million in a hydrocarbon assets ... Read more...

Posted in Business |

Mangalore refinery to get second parcel of Mangala crude


October 28th, 2009 - 10:54 pm ICT by IANS
New Delhi, Oct 28 (IANS) Mangalore Refinery and Petrochemical Ltd (MRPL), a unit of the state-run Oil and Natural Gas Corp (ONGC), will receive the second parcel of crude from Cairn ... Read more...

Posted in Business |

ONGC registers fifth clean development project


October 20th, 2009 - 8:10 pm ICT by IANS
New Delhi, Oct 20 (IANS) State-run oil explorer Oil and Natural Gas Corp (ONGC) has registered its fifth clean development mechanism (CDM) project with the UN Framework Convention on Climate Change. The ... Read more...

Posted in Business |

ONGC wins most blocks in hydrocarbon auction


October 12th, 2009 - 10:27 pm ICT by IANS
New Delhi, Oct 12 (IANS) State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the ... Read more...

Posted in Business |

Poor response to India’s auction of hydrocarbon assets (Lead)


October 12th, 2009 - 7:51 pm ICT by IANS
New Delhi, Oct 12 (IANS) India received bids for just 36 hydrocarbon blocks out of 70 on offer under the new round of auction, which the oil ministry admitted as being ... Read more...

Posted in Business |

GAIL welcomes government proposal on levying marketing margin


October 1st, 2009 - 9:57 pm ICT by IANS
New Delhi, Oct 1 (IANS) GAIL India Thursday welcomed the petroleum ministry's proposal to allow it to charge marketing margin on sale of subsidised natural gas, saying it would help the company ... Read more...

Posted in Business |

ONGC Videsh to increase production in Brazil


September 23rd, 2009 - 10:36 pm ICT by IANS
New Delhi, Sep 23 (IANS) ONGC Videsh Ltd (OVL), the overseas exploration arm of state-run Oil and Natural Gas Corp, Wednesday said it will increase production from its Brazilian oil fields to ... Read more...

Posted in Business |

L&T bags ONGC contracts worth over $1 bn


August 3rd, 2009 - 2:18 pm ICT by IANS
Mumbai, Aug 3 (IANS) Construction and engineering major Larsen and Toubro (L&T), Monday said it has bagged two offshore contracts from upstream major Oil and Natural Gas Corp (ONGC) worth Rs.5,300 crore ... Read more...

Posted in Business |

ONGC to start drilling for oil off Kochi coast


August 2nd, 2009 - 8:48 pm ICT by IANS
Kochi, Aug 2 (IANS) It will take at least 100 days to confirm whether there is hydrocarbon presence off Kochi coast, Oil and Natural Gas Corp (ONGC) chairman R.S. Sharma has Sunday. ... Read more...

Posted in Business |

ONGC Videsh submits development plan for Iranian gas field


July 27th, 2009 - 10:05 pm ICT by IANS
New Delhi, July 27 (IANS) ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corp (ONGC), has submitted a proposal to Iranian authorities for developing a gas field in ... Read more...

Posted in Business |

ONGC net dips 27 percent in first quarter


July 23rd, 2009 - 8:28 pm ICT by IANS
Mumbai, July 23 (IANS) The net profit of state-run energy major Oil and Natural Gas Corp (ONGC) dipped for the fourth consecutive quarter, declining 27 percent to Rs.4,847.92 crore (about Rs.48.48 billion) ... Read more...

Posted in Business |

ONGC will invest $730 mn in Cairn’s Rajasthan block


July 14th, 2009 - 1:27 am ICT by IANS
New Delhi, July 13 (IANS) The state-run Oil and Natural Gas Corp. Ltd will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns, Petroleum Minister Murli Deora ... Read more...

Posted in Business |

Economic Survey favours raising Rs.25,000 crore from divestment


July 2nd, 2009 - 3:41 pm ICT by IANS
New Delhi, July 2 (IANS) The Economic Survey the government presented in parliament Thursday called for revitalising the divestment policy so as to generate at least Rs.25,000 crore (Rs.250 billion/$5.22 billion) annually. "List ... Read more...

Posted in Business |

ONGC consolidated net down 0.4 percent


June 24th, 2009 - 7:17 pm ICT by IANS
New Delhi, June 24 (IANS) The consolidated net profit of state-run oil refiner, the Oil and Natural Gas Corp (ONGC), fell 0.4 percent last fiscal to Rs.19,795.34 crore from Rs.19,872.28 crore in ... Read more...

Posted in Business |

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