Edition:
India

Oil and Natural Gas Corporation Ltd (ONGC.NS)

ONGC.NS on National Stock Exchange of India

133.60INR
20 Sep 2019
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Rs9.30 (+7.48%)
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Latest Key Developments (Source: Significant Developments)

Oceaneering Awarded Contracts To Supply Subsea Umbilicals For KG-DWN 98/2 Project
Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - Oceaneering International Inc ::OCEANEERING AWARDED CONTRACTS TO SUPPLY SUBSEA UMBILICALS FOR KG-DWN 98/2 PROJECT.OCEANEERING INTERNATIONAL -CONTRACT AWARD INCLUDES DESIGN, MANUFACTURE OF 44 ELECTRO-HYDRAULIC CONTROL UMBILICALS, TOTALING ABOUT 73 MILES IN LENGTH.OCEANEERING INTERNATIONAL - AWARDED CONTRACTS BY BAKER HUGHES & PARTNER IN THE CONSORTIUM FOR THE ONGC KG‑DWN 98/2 DEEPWATER FIELD DEVELOPMENT.OCEANEERING INTERNATIONAL INC - MANUFACTURE OF UMBILICALS EXPECTED TO COMMENCE IN Q3 OF 2019 AND BE COMPLETE IN Q1 OF 2021.  Full Article

India's ONGC Says Offshore Crude Supply Unaffected By Mumbai Fire
Wednesday, 4 Sep 2019 

Sept 4 (Reuters) - Oil and Natural Gas Corporation Ltd ::OFFSHORE CRUDE SUPPLY REMAINS UNAFFECTED BY TUESDAY'S FIRE.  Full Article

India's ONGC Chairman Says Time Is Not Right For Listing Of ONGC Videsh
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Oil and Natural Gas Corporation, Chairman, Shashi Shanker Says::OIL AND NATURAL GAS CORPORATION CHAIRMAN SAYS BY 2024-25, OIL AND GAS PRODUCTION WILL BE 50 MILLION T.INDIA'S ONGC CHAIRMAN SAYS TIME IS NOT RIGHT FOR LISTING OF ONGC VIDESH LTD.CHAIRMAN SAYS ONGC HOPES TO PRODUCE GAS FROM EAST COAST BLOCK BY DEC.CHAIRMAN SAYS VENEZUELA OWES $400 MILLION TO ONGC.EXEC SAYS ONGC PLANS TO RELINQUISH 3 BLOCKS IN COLOMBIA, ONE EACH IN SUDAN, KAZAKHISTAN IN NEAR FUTURE.SAYS ONGC VIDESH TO SURRENDER ONE BLOCK IN NAMIBIA IN FY20 .VENEZUELA OWES $400 MLN TO ONGC.ONGC PLANS TO RELINQUISH 3 BLOCKS IN COLOMBIA, ONE EACH IN SUDAN, KAZAKHISTAN IN NEAR FUTURE.ONGC VIDESH TO SURRENDER ONE BLOCK IN NAMIBIA IN FY20.  Full Article

India's Oil And Natural Gas Corp June-Qtr Profit Falls
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Oil and Natural Gas Corporation Ltd ::JUNE QUARTER PROFIT 59.04 BILLION RUPEES VERSUS PROFIT OF 61.44 BILLION RUPEES LAST YEAR.JUNE QUARTER REVENUE FROM OPERATIONS 265.55 BILLION RUPEES VERSUS 272.13 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 59.95 BILLION RUPEES.  Full Article

India's HPCL Says Will Correct Shareholding Pattern, Classification After SEBI Letter
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Hindustan Petroleum Corp Ltd ::HINDUSTAN PETROLEUM CORP SAYS RECEIVED LETTER FROM INDIA'S MARKETS REGULATOR SEBI ON 'ERRONEOUS SHAREHOLDING PATTERNS' FILED WITH EXCHANGES.HINDUSTAN PETROLEUM CORP SAYS IT WILL RECTIFY SHAREHOLDING PATTERN AND CLASSIFICATION OF PROMOTERS, AS PER SEBI DIRECTION.  Full Article

Larsen & Toubro Unit Gets Contracts From ONGC
Thursday, 27 Jun 2019 

June 27 (Reuters) - Larsen & Toubro Ltd ::UNIT AWARDED (LARGE) TWIN CONTRACTS FROM ONGC.  Full Article

Bumi Armada Says JV Co Gets Notification Of Award From ONGC
Monday, 6 May 2019 

May 6 (Reuters) - Bumi Armada Bhd ::JV CO GETS NOTIFICATION OF AWARD FROM ONGC, FOR CHARTER HIRE AND OPERATIONS OF ONE FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL.CONTRACT IS FOR A FIXED PERIOD OF NINE YEARS, VALUED AT ABOUT US$2.1 BILLION.CONTRACT IS EXPECTED TO CONTRIBUTE POSITIVELY TO FUTURE EARNINGS.  Full Article

Deep Industries Gets Contract From ONGC Worth 917.5 Mln Rupees
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Deep Industries Ltd ::RECEIVED LETTER OF AWARD OF CONTRACT FROM ONGC LIMITED WORTH 917.5 MILLION RUPEES.  Full Article

Oil And Natural Gas Corp Says ONGC Videsh, JV Partners Execute LNG SPAs
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Oil and Natural Gas Corporation Ltd ::MOZAMBIQUE LNG1 ENTERS LONG-TERM LNG SPA WITH TOKYO GAS AND CENTRICA LNG TO SELL 2.6 MILLION TONNES P.A. ANNUM TILL EARLY 2040S.UNIT & JV PARTNERS EXECUTED LNG SPA FOR 1.5 MMTPA WITH CNOOC GAS & POWER SINGAPORE TRADING & MARKETING.UNIT & JV PARTNERS EXECUTED LNG SPA FOR 1 MMTPA WITH BHARAT GAS RESOURCES LTD FOR A TERM OF 15 YEARS.UNIT AND JV PARTNERS ENTER LONG-TERM LNG SPA WITH SHELL INTERNATIONAL TRADING MIDDLE EAST FOR 2 MMTPA FOR TERM OF 13 YEARS.UNIT & JV PARTNERS EXECUTED LNG SPA WITH PERTAMINA, FOR 1 MMTPA FOR A TERM OF 20 YEARS.  Full Article

Sapura Energy Says Unit Jointly In Consortium With Afcons Infrastructure Gets Contract From Oil And Natural Gas Corporation
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Sapura Energy Bhd ::SAPURA ENERGY - UNIT JOINTLY IN CONSORTIUM WITH AFCONS INFRASTRUCTURE GETS CONTRACT FROM OIL AND NATURAL GAS CORPORATION LTD.CONTRACT VALUED AT ABOUT 3 BILLION RGT.SAPURA ENERGY - CONTRACT FOR OFFSHORE PROCESS PLATFORM PROJECT FOR DEVELOPMENT OF KG-DWN-98/2 NELP BLOCK.CONTRACT WILL HAVE NO EFFECT ON ISSUED CAPITAL OF THE CO & IS EXPECTED TO CONTRIBUTE POSITIVELY TO EARNINGS OF CO.CONTRACT EXPECTED TO CONTRIBUTE POSITIVELY TOWARDS THE EARNINGS OF CO.  Full Article

TAKE A LOOK-Oil sector weighs trade wars, green energy switch at APPEC

SINGAPORE, Sept 12 The global oil industry gathered in Singapore this week for the annual Asia Pacific Petroleum Conference (APPEC).