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ONGC-Mittal Energy Ltd gives up oil block in Nigeria
ONGC-Mittal Energy Ltd, the famed joint venture of ONGC and steel czar Lakshmi Mittal, has relinquished an oil block in Nigeria after the African nation refused to relieve it of a $ 6 billion downstream investment commitment.
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ONGC Videsh signs PSCs for two onshore blocks in Myanmar
ONGC Videsh Ltd (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC) has signed Production Sharing Contracts (PSCs) for two onshore blocks in Myanmar, ONGC said Monday.
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Directorate General of Hydrocarbons rejects ONGC's three KG gas discoveries
After rejecting Reliance Industries' gas finds, upstream regulator DGH has refused to recognise three gas discoveries of state-owned Oil and Natural Gas Corp (ONGC) for not doing its prescribed conformity tests.
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ONGC spuds first well in Palar Basin
ONGC opened up yet another chapter in the history of exploration when the first well in Palar Basin was spudded by Mr Narendra K Verma, Director (Exploration) in a location some 55 km from Chennai city on May 25, 2014.
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Looks like they are ready for an upward trend....
Thoughts on this?
(Reuters) - The Indian unit of Britain's BG Group is in talks with India's state-run Oil and Natural Gas Corp (ONGC) to acquire a stake in a gas block off the country's east coast, the BG India's president said on Wednesday.
"We had given a proposal to ONGC a while back. The ball is in their court," Walter Simpson, President and Managing Director of BG India, told reporters on the sidelines of an industry conference.
ONGC's chairman said in June the firm was in talks with BG and Italian oil major ENI to sell up to 30 percent in the block to help investment of about $7.7 billion to develop the gas field.
Do you have a chart it works on?
Can't see a chart, huh? Hmmm...what shall we do about this?
Not being able to see a chart on it is bothersome to me.
Hopefully this will creep back up.
What are your thoughts on this whole India ordeal?
http://www.reuters.com/article/2011/06/21/ongc-kgblock-idUSL3E7HL0RW20110621?feedType=RSS&feedName=rbssEnergyNews&rpc=43
Its sitting pretty high right now. Got any good DD?
Ohhhh AAPL, the talk of the town.
It's an interesting one...but, not one I'd play. A bit too high. But, then again, it's lower than AAPL. lol
Thanks for finding this. It looks like there is some upward movement here. Hopefully it keeps going.
This is the only chart I can find for it and I haven't taken the time to set it up.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=IN%3A500312&insttype=Stock
Thats too bad. A chart would definitely be helpful. I am pretty excited about how this one is doing. Hopefully it holds on for a bit.
It just keeps going. Too back stockcharts doesn't have it listed. I wanted to look at the chart.
All time high? Not bad thing...
ONGC Videsh excels with all time high production of oil & gas overseas
Dated: April 08, 2011
ONGC Videsh Limited (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), has registered a production of 9.433 MMTOE in 2010-11, surpassing the earlier peak production of 8.870 MMTOE of oil and oil equivalent gas in 2009-10. This records highest ever oil & gas production from the overseas assets of OVL so far and sets a milestone in its journey for the quest for oil and gas acreages abroad including acquisition of fields, exploration, development, production, transportation of oil and gas.
ONGC Videsh has the distinction of operating in the harshest environments in the world that are as diverse as deep sea production in Brazil to the extremely cold climate of Russia. Currently, ONGC Videsh Limited has oil and gas production from 9 projects, namely, Russia (Sakhalin-I and Imperial), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarovar Energy Project), Sudan (Greater Nile Oil Project and Block 5A), Venezuela (San Cristobal Project) and Brazil (BC-10).
From a meagre production of just 0.253 MMTOE in 2002-03, OVL has come a long way in having a significant share in ONGC Group?s oil and gas production. OVL is currently present in 32 oil and gas projects in 13 countries across the world. It is working with national oil companies of Myanmar, Sudan, Nigeria, China, Russia, Vietnam, Libya, Iran, Iraq, Egypt, Brazil, Colombia, Malaysia, Syria, Cuba and Venezuela. It has partnership with international majors like Exxon-Mobil, BP, Shell, Total, Repsol etc. in its acreages abroad.
Should you pick ONGC?
28 MAR, 2011, 02.37PM IST,ET NOW
Pick ONGC among oil & gas stocks: Sandeep Wagle
Sandeep Wagle , Founder & MD, APTART Technical Advisory Services, in an interview with ET Now talks about oil & gas stocks.
One word from you on some of these oil and gas stories that we have been getting, an ONGC, a Reliance Industries or even a Cairn India ??
Reliance looks a little tired and I do not think it has legs to move up on its own. It will move with the market, 1040 to 1060 is a very very strong resistance which I do not see being crossed in this leg of the rally unless the Nifty does something spectacular. I would rather go with ONGC at this point, which I see going up to 285 to 288, so possibly another 4-5% and Cairn I am bullish on and I feel it can go to around 60 levels.
Other than that, I really do not have a view. Cairn 360 is where I would talk of booking some profits but a very clear no at these levels. ONGC can be traded for the next few days for Rs 10 to 12.
ONGC.NS yahoo info... can't seem to find much else.
http://finance.yahoo.com/q?s=ONGC.NS
Shares in Indian explorer Oil and Natural Gas Corporation (ONGC) jumped as much as 5.1% today, after the state-run company received the government's approval for a stock split and bonus issue.
News wires 02 December 2010 07:30 GMT
Oil Minister Murli Deora told Reuters the cabinet had approved issue of one free share to ONGC's stock holders for each share held, but did not say what the ratio was for stock split.
ONGC had proposed to the government to split each share into two ahead of a planned share sale in the company, Chairman RS Sharma said last month.
Shares in ONGC, India's second-most valuable company at more than $62 billion, were trading 2.8% up at 1324 rupees ($29.22), having risen as high as 1353.85 rupees earlier.
The shares are up about 12% this year, compared with a 14% rise in the main index.
ONGC expects its follow-on share sale to hit the markets in March, Sharma said yesterday. The government has approved a 5% stake sale in ONGC that is expected to raise more than $3 billion.
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