ONGC finds gas in Mahanadi deepwater well off Odisha coast
State-run ONGC has discovered gas in a deepwater well in the Mahanadi Offshore Basin, about 43 km off Konark in Odisha, the company said. The find was made on September 18 at…
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ONGC to invest $200 million to revive Venezuela oilfield
Oil and Natural Gas Corp (ONGC) plans to invest about $200 million to revive output at its San Cristobal oilfield in Venezuela, which has dropped to 4,000-5,000 barrels per day from a…
5 dividend stocks analysts pick: ITC, Coal India, ONGC, IOC, Vedanta
SMC Global Securities senior research analyst Seema Srivastava has recommended five dividend stocks for investors seeking regular income: ITC, Coal India, ONGC, Indian Oil Corporation and Vedanta. ITC offers a dividend yield…
Year-wise roadmap for Samudra Manthan oil exploration
The Oil Ministry is finalising a year-wise roadmap for drilling, seismic surveys and rig deployment under the Rs 84,084 crore Samudra Manthan scheme. Minister Hardeep Singh Puri has reviewed progress from recent…
Oil India, ONGC diverge on crude output, refining rebounds
Oil India Ltd reported a 2.8% sequential and 17.5% year-on-year rise in crude output from its nominated fields in July 2026, while ONGC's production slipped 1.1% month-on-month and 3.4% year-on-year to 1.39…
MRPL cuts West Asia crude share to 27%
Mangalore Refinery and Petrochemicals Ltd said crude sourced from West Asia fell from about 66% in 2022-23 to around 27% in the first quarter of 2026-27. Russian crude supplies also declined from…
Centre sets LPG targets and pushes piped gas adoption
The Centre has fixed facility-specific LPG production targets for 21 refineries and upstream companies, creating a standing framework to raise domestic supplies during disruptions. The combined ceiling is 63,810 tonnes a day,…
ONGC closes at Rs 238, down 0.65% on weak crude outlook
ONGC shares ended at Rs 238.0 on Wednesday, declining 0.63% on the day, as the stock continued to reel from a near-20% drop over the past three months. The company's market capitalisation…
Motilal Oswal bullish on ONGC, sees upside in gas
Motilal Oswal has maintained a bullish stance on Oil and Natural Gas Corporation, citing attractive risk-reward. The brokerage expects ONGC's gas price realisation to continue rising, unlike Oil India, as 7-8% of…
Assam cabinet clears policy to boost oil exploration
The Assam Cabinet has approved the Assam Hydrocarbon Exploration, Production and Upstream Ecosystem Development Policy, 2026, aimed at encouraging fresh exploration for oil and natural gas in the state. Chief Minister Himanta…
