Oil and Natural Gas Corporation (NSE:ONGC)

QUOTE AND NEWS
The Economic Times  Apr 15  Comment 
Buy Oil And Natural Gas Corporation with a stop loss of Rs 311 and look for a price target of Rs 330.
The Hindu Business Line  Mar 30  Comment 
In line with the Perspective Plan 2030 of Oil and Natural Gas Corporation, its subsidiary MRPL is all set to expand into a 21 MMTPA refinery with a pet coke gasification unit and a linear alkyl be...
Commodity Online  Mar 30  Comment 
KG-D6, along with Oil and Natural Gas Corporation and Gujarat State Petroleum Corporation are the major gas blocks which are situated near each other in the eastern coast. These blocks are the major sources of natural gas and petroleum for the...
The Hindu Business Line  Mar 18  Comment 
Oil and Natural Gas Corporation (ONGC), through ONGC Videsh Ltd, is eyeing for 20 per cent stake in the Mozambique gas field, according to a top executive. Speaking at the MoU signing ce...
The Hindu Business Line  Mar 4  Comment 
Pipavav Defence and Offshore Engineering Company today said it has handed over two vessels built by it to Oil and Natural Gas Corporation (ONGC) last week. “The company has successfully c...
The Times of India  Feb 21  Comment 
Flagship explorer Oil and Natural Gas Corporation (ONGC) is negotiating a possible deal to buy Videocon out of a huge gas find in Mozambique but a high asking price of $3 billion and associated liabilities is proving to be a hurdle, sources said.
The Hindu Business Line  Jan 27  Comment 
Dynamic Offshore Drilling will deploy a newly built exploration rig next month in the Western offshore part of India for drilling oil and gas wells for Oil and Natural Gas Corporation (ONGC). ...
The Economic Times  Jan 25  Comment 
Keep invested in OMGC if one is already there for next 6 months to 12 months, says Bansal
Commodity Online  Dec 28  Comment 
From the perspective of weight in Nifty key gainers were Reliance Industries Ltd (NSE: RELIANCE), Oil and Natural Gas Corporation (NSE: ONGC) and Sterlite Industries Ltd (NSE: STER) while key losers were (NSE: SUNPHARMA), Mahindra and Mahindra Ltd...
BBC News  Nov 27  Comment 
India's biggest oil explorer, Oil and Natural Gas Corporation, says it will buy ConocoPhillips's 8.4% stake in Kazakhstan's Kashagan project.




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One of the navratnas among public sector undertakings in India, Oil and Natural Gas Corporation Limited (ONGC) is the largest oil and gas exploration and production company in India, and one of the largest companies in India by revenue (FY 2007-08 revenues Rs. 615, 426 million)[1]. ONGC has the rare distinction among Indian companies of ranking regularly among Forbes and Fortune lists, and is known as a leader in its industry among its Asian counterparts. (link to various lists) ONGC is unique among Indian petroleum companies as the only company present in the entire hydrocarbon value-chain.

ONGC owns and operates more than 11,000 km of pipeline in India carrying various products, including 3,200 km of sub-sea pipelines.

ONGC has many assets across India and abroad, and has been active recently in acquiring rights to exploration sites around the world through its overseas exploration and production subsidiary ONGC Videsh Limited (OVL). During the financial year 2007-08, it had acquired 11 sites in 6 countries around the world bringing the number of overseas projects ONGC is involved with upto 38 across 18 countries. Of these 38 projects, 24 are in the Exploration stage, 6 in the Development stage and 7 in the Production stage. The remaining project is a Sudan pipeline project.

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References

  1. ONGC Annual Report 2007-08 (2008).
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