The Oil and Natural Gas Corporation (ONGC) delivered a powerful performance in the second quarter of the fiscal year 2024-25, posting a 17.1% rise in net profit, amounting to ₹11,984 crore, up from ₹10,238 crore in the same quarter last year. The board, which convened on 11 November, approved a dividend of ₹6.00 per share, […]
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), reported financial results for Q2 FY 2024-25, revealing a mixed bag of achievements. While the company posted an impressive 118.3% capacity utilization, its bottom line remained in the red, showing a notable loss in both the second quarter and […]
Oil and Natural Gas Corporation Limited (ONGC), India’s largest oil and gas exploration company, has announced its financial results for the first quarter (Q1) of fiscal year 2024-25. The board meeting, held on 5 August 2024, revealed a mixed performance with a notable decrease in net profit despite an increase in gross revenue. Key Financial […]
Larsen & Toubro (L&T), through its L&T Energy Hydrocarbon (LTEH) vertical, has successfully clinched a significant contract valued between Rs 1,000 to 2,500 crores from Oil & Natural Gas Corporation (ONGC). This contract is for the eighth phase of the Pipeline Replacement Project (PRP-VIII Group B) off the west coast of India. The contract encompasses […]
ONGC and IndianOil Corporation Limited (IOCL) have reached a pivotal agreement by signing a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin, Madhya Pradesh. This significant initiative is set to transform the Vindhyan Basin from a Category II to a Category […]
Larsen & Toubro’s Hydrocarbon vertical, L&T Energy, has been awarded a significant contract by the Oil & Natural Gas Corporation (ONGC) valued between INR 2,500 to 5,000 crores. This major project, known as the Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), is set to enhance oil and gas extraction capabilities off India’s western coast. […]
In a significant move for India’s energy sector, GAIL (India) Limited, Oil and Natural Gas Corporation (ONGC), and Shell Energy India (SEI) Private Limited have entered into a tripartite Memorandum of Understanding (MoU) with the aim to bolster ethane and other hydrocarbons import and the development of evacuation infrastructure at the Shell Energy Terminal in […]
Larsen & Toubro (L&T), a global leader in engineering, procurement, and construction services, has announced that its Hydrocarbon vertical, Larsen & Toubro Energy Hydrocarbon (LTEH), has been awarded a significant contract by the Oil & Natural Gas Corporation (ONGC). The contract, valued between Rs 1,000 crores and Rs 2,500 crores, is for the MHN TCPP […]
In a significant financial update from the energy sector, Oil and Natural Gas Corporation (ONGC) has declared its consolidated net profit for the third quarter (Q3) of the fiscal year 2023-24, posting a figure of ₹10,748 Crore. This announcement came during ONGC’s 375th board meeting held on February 10, 2024, where it also declared a […]
Shearwater GeoServices Holding AS (Shearwater), a global leader in marine geoscience and technology, has announced its latest partnership with Oil and Natural Gas Corporation Limited (ONGC), embarking on a survey project in the Cauvery Basin off the east coast of India. The project, set to commence in early 2024, aims to cover an extensive area […]