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Stocks of other oil players also lost value, sending the BSE energy index down by nearly 4% to 7,635.10. The Sensex gave up 111.01 points or 0.21% to end at 52,907.93.

Oil taxes: Reliance stock falls over 7%, ONGC shares tumble more than 13%

Analysts at Jefferies observed that if RIL’s SEZ refinery is exempted from the tax, the impact on GRMs will be…

July 2, 2022 04:00 IST

It will additionally impact the gross refining margins of private refiners by $6-$8 per barrel, if the measures continue for the full year.

Special additional excise duties on oil: ONGC, OIL, RIL earnings to see up to 30% impact in FY23

Oil stocks fall between 7-15% on BSE on Friday

July 2, 2022 01:45 IST

After 5 months, ONGC finally gets a director on HPCL board

In September 2018, SEBI first advised HPCL to re-file the shareholding pattern to the stock exchanges revising the status of…

June 26, 2022 11:31 IST

OVL had earlier discovered commercial oil in the Lower Sand pay in Mariposa and Indico fields in the block in 2017 and 2018 respectively, which are currently commercially producing around 20,000 barrels of oil daily.

ONGC Videsh discovers oil in Colombia

The block was awarded to OVL in the 2008 bid round of Colombia. OVL holds 70% participating interest in the…

June 24, 2022 02:45 IST

ONGC seeks minimum $17 price for Bokaro coal gas

Bidders will have to quote a premium they are willing to offer over this reserve price.

June 21, 2022 15:54 IST

Oil ministry proposes higher age limit, shorter tenure for ONGC chairman

Presently, the minimum age prescribed for being eligible for the top job is 45 years. Besides, internal candidates need to…

June 19, 2022 19:36 IST

Solid cash flow to support ONGC’s higher investments, says S&P

The rating agency said favourable crude oil prices will support ONGC’s earnings over the next 12 months and underpin the…

June 3, 2022 15:50 IST

ONGC sees oil production rising 11%, gas jumping 25% by FY25

The output increase will be aided by projects to bring gas, found on both the east and the west coast.

May 31, 2022 16:12 IST

ONGC Rating: Neutral; High write-off impacted earnings

Output continued declining trend; rise in oil prices boosted FY22 profitability; clarity on windfall taxes is key; ‘Neutral’ maintained.

May 31, 2022 01:50 IST

March quarter results: ONGC posts 32% jump in profit on high oil, gas prices

ONGC gets international rates as the downstream fuel retailers too price petrol, diesel and other petroleum products at global rates.

May 29, 2022 04:15 IST

ONGC offers stake in KG block to foreign companies

The block, ONGC said, has three sets of discoveries – Cluster-I in the northern part, Cluster-II and Cluster-III in the…

May 26, 2022 15:37 IST

stocks to watch, stocks in focus, maruti suzuki, adani ports

Maruti Suzuki, Zomato, Adani Ports, ONGC, Marico, BEL, Grasim, RITES stocks in focus

Indian equity markets are likely to open gap-up on Tuesday as early trends on SGX Nifty indicated a flat to…

May 24, 2022 07:58 IST

ONGC becomes 1st gas producer to trade on IGX

State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has become the first gas producer to trade domestic…

May 23, 2022 19:57 IST

Supreme Court allows ONGC plea, makes Jindal Drilling and Industries party to arbitration with Discovery Enterprises

The judgment came on ONGC’s appeal against dismissal of its plea by the HC in June 2021 under Section 37…

April 29, 2022 01:10 IST

ONGC inks MoU with Norway’s Equinor for E&P, clean energy

The MoU is valid for two years under which both companies have agreed to work together in the areas identified.

April 27, 2022 18:16 IST

Central PSEs invest Rs 5.5 trillion in FY22, nearly meet combined target

Capex by these units up 21% on year, NHAI largest investor at Rs 1.57 trn

April 20, 2022 01:15 IST

Oil prices may rise to $90/bbl this FY as Ukraine war looms, brokerage says; 16% upside for GAIL stock

The limited supply of oil from Russia rigs and curtailed oil production by OPEC+ countries will likely result in soaring…

April 18, 2022 16:35 IST

State governments and related entities bought goods and services worth a record Rs 31,175 crore in FY22, having accounted for roughly a third of the total procurement of more than Rs 1 trillion on the portal. The rest of the procurement is by the central government.

CPSE purchases via government e-marketplace portal hit record Rs 45,971 crore in FY22

CPSEs bought goods and services worth Rs 45,971 crore through the GeM portal in FY22, having recorded a massive 553%…

April 16, 2022 03:00 IST

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