India's ONGC Videsh team arrived in Venezuela to review oil assets following US sanction relief, aiming to resume operations and potentially assume operatorship. The visit aligns with broader US effor
India's ONGC plans to invest $10.51 billion over five years to drill 87 deepwater wells by 2031, aiming to tap untapped reserves and halt declining oil and gas output.
State-run ONGC aims to take operatorship of Venezuelan oil blocks and has regained its 20% stake in Russia's Sakhalin-1 project, increasing quarterly revenue contribution to approximately $105 million
India's ONGC reported a first-quarter profit exceeding $1.79 billion, more than doubling year-on-year as crude oil realizations surged 50% to nearly $100 per barrel. Net profit margins improved to 36.
India's top oil and gas producer ONGC more than doubled its quarterly net income to $1.8 billion, beating estimates as higher crude prices offset declining production volumes.
ONGC will reserve half of its planned 1.75 million metric ton oil storage facility at Mangaluru for India's strategic petroleum reserves. New Delhi is expanding capacity with private participation to
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