ONGC expects additional revenue of up to $10.3 billion from BP’s ...
1 day ago · ONGC had announced on Wednesday that BP had bagged the contract to operate and enhance production from the former's flagship Mumbai High field which has been witnessing a gradual fall in output for over three decades. ... News; Business; ONGC expects additional revenue of up to $10.3 billion from BP's intervention in Mumbai High field;
Oil And Natural Gas Corporation News - The Economic Times
1 day ago · Motilal Oswal Financial Services has issued a buy call for Oil and Natural Gas Corporation (ONGC) stock, projecting a target price of Rs 330. This represents a potential 29% upside from the current market price of Rs 250.9. The brokerage cites ONGC's projected production growth and attractive valuation as reasons for the buy rating.
BP projects 44% jump in oil output from India's largest field, ONGC ...
1 day ago · ONGC named BP as its technical service provider on Wednesday to assist in boosting output from a baseline crude production of 45.47 million metric tons and 70.40 billion cubic metres (BCM) of gas.
Production ramp-up, higher realisations expected to drive gains for ONGC
2 days ago · In KG-98/2, oil production is at 25,000 barrels per day (bpd) and ONGC looks to ramp it up to 45,000 bpd by end-FY25. KG gas production may reach 10 mmscmd by end-FY25 (current 2 mmscmd). ONGC guided (end-Q2FY25) for 44.9 million tonnes of oil equivalent and 46.2 million tonnes of oil equivalent in FY26 and FY27, respectively.
ONGC Shares: Sees 42% gains after CLSA upgrades
3 days ago · Shares of Oil and gas corporation Ltd (ONGC) surged 4.99% to ₹266.85 on the BSE at 10.27 AM on Tuesday, after CLSA has significantly boosted its confidence in ONGC, upgrading its rating to High ...
BP bags ONGC contract to increase production from India’s …
2 days ago · The field’s current production levels are around 134,000 bpd of crude and 13 bcm of natural gas. The output was expected for further decline substantially over the next 10-15 years, even as ONGC estimates that the field still holds over 600 million barrels of …
London-based BP wins ONGC contract to boost Mumbai High …
2 days ago · UK-based global energy major BP on Wednesday won the bid to boost production from state-owned Oil and Natural Gas Corporation’s (ONGC) flagship Mumbai High field, which has been witnessing a steady decline in output. Part of the 116,000 sq km Mumbai Offshore Basin in the Arabian Sea, Mumbai High ...
ONGC engages BP to boost production in largest oil field
2 days ago · India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast. BP has promised an increase of up to 60% in production of oil and gas output from the Mumbai High field, discovered in 1974, ONGC said in a stock exchange filing.
ONGC Q4 results: Net profit jumps 78% to Rs 11,526 crore, …
May 20, 2024 · Oil and Natural Gas Corporation (ONGC) posted an increase of around 78 percent in consolidated net profit at Rs 11,526.53 crore in the fourth quarter of the financial year 2023-24, compared to Rs...
ONGC surges 5%, hits new high; Oil India soars 8% in weak …
Jul 25, 2024 · Individually, ONGC share price hit a new high of Rs 333.8, rising nearly 5 per cent, after the company gave an update on Block KG-DWN-98/2 on Wednesday, post market hours. The stock surpassed its previous high of Rs 333.50 touched on July 19, 2024.