Posts Tagged ‘ongc’

ONGC to sell bonds to fund ACG buy

by on November 21, 2012 3:40 am BST
US independent Hess said in September it had agreed to sell its 2.72% stake in the large Azeri, Chirag and Guneshli(ACG) group of oilfields as well as its 2.36% stake in an associated pipeline to ONGC for $1 billion.Bloomberg reported on Wednesday that ONGC's foreign investment arm, ONGC Videsh,

ONGC sees profits plunge

by on November 8, 2012 4:20 pm BST
Net profit fell to 58.97 billion rupees ($1.1 billion) for the second quarter ended September from 86.42 billion rupees in 2011. Analysts had expected net profit of nearly 61 billion rupees, according to a Reuters poll of brokerages.ONGC, India's third-biggest company by market value, is forced to subsidise state refineries by selling

Inpex plunges into Indian deep-water

by on November 5, 2012 9:23 am BST
Inpex said it had reached an agreement with India’s Oil & Natural Gas Corporation (ONGC) that will see it take a 26% interest in Block KG-DWN-2004/6 in the Krishna Godavari basin.The block covers an area of 10,907 square kilometres, in a water depth of about 3000 metres, and is considered

ONGC launches Mopu tender for Sagar Pragati

by on September 21, 2012 3:24 am BST
ONGC launches Mopu tender for Sagar Pragati - ONGC launches Mopu tender for Sagar Pragati Upstream newspaper: the Sagar Samrat was the subject of an ONGC contract last November to convert it into an Mopu Share story Upstream Staff 21 September 2012 03:24 GMT India’s state-owned Oil & Natural Gas Corporation