16 articles
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
Indian equities are expected to rise following robust GDP growth, despite Middle East tensions pushing Brent crude to $91 per barrel. Key updates include ONGC's $10.5 billion deepwater exploration pla
India’s top oil producer, ONGC, plans to invest $736 million in underground crude reserves holding 13 million barrels to strengthen supply buffers. Separately, the firm is negotiating an overseas trad
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.
Chevron, ONGC, and other firms are poised to sign final energy pacts in Venezuela following months of negotiations, distinct from a separate US-Venezuela reserve agreement.
India mandated refineries to produce 63,810 metric tons of LPG daily to secure supplies after Middle East conflicts disrupted imports. Major players like Reliance and ONGC must meet specific quotas up
India's fuel consumption rose 3% in July to 19.92 million metric tons, reaching a four-month high. Additionally, ONGC announced reserving half of a new storage facility for strategic needs.
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
Indian state-owned ONGC approved a 1.75 million ton strategic oil reserve in Mangalore to enhance energy security. The national importance project will be managed by ISPRL and aims to meet one month o
ONGC approved expanding India's strategic crude oil reserves by 1.75 million tons in Mangalore to enhance energy security following regional geopolitical shocks. The project adds capacity to national
Indian stocks may open flat as investors monitor US-Iran peace talks and regional conflicts. Attention also turns to Coal India's stake sale and ONGC's earnings, with Brent crude trading near $99 per
ONGC and MOL formed a joint venture to operate two VLECs transporting US ethane to India. The feedstock supplies ONGC Petro's steam cracker, targeting 1.1 million tons of annual ethylene production.
ONGC and Mitsui OSK Lines have established joint ventures to deploy Indian-flagged ethane carriers, strengthening the petrochemical supply chain logistics.
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