ONGC applies for mining license to discover oil fields in Bihar’s Samastipur, Buxar

ONGC applies for mining license to discover oil fields in Bihar’s Samastipur, Buxar

Patna, June 2 (IANS) Oil and Natural Gas Corporation (ONGC), citing possibility of crude oil fields in Buxar and Samastipur districts of Bihar, has applied for the petroleum exploration license before the state government. As per officials, the state mining department has initiated the process to provide a license to the company for digging in…

Business: ONGC shares up 8% as crude hits fresh high

Business: ONGC shares up 8% as crude hits fresh high

New Delhi, March 7 (IANS) Shares of state-run oil exploration company ONGC rose sharply on Monday in line with skyrocketing global crude oil prices. Ongoing hostilities between Russia and Ukraine as well as lack of fresh supplies pushed crude oil price to a 14-year high of $130 per barrel on Monday. Global crude oil prices…

Business: ONGC’s YoY Q3FY22 standalone net profit up 596.7%

Business: ONGC’s YoY Q3FY22 standalone net profit up 596.7%

New Delhi, Feb 12 (IANS) Diversified energy major ONGC on Saturday reported a rise of 596.7 per cent in its standalone net profit for the quarter ended December 31, 2021. Accordingly, the standalone Q3 net profit rose to Rs 8,764 crore against Rs 1,258 crore reported during the corresponding period of previous fiscal. Similarly, gross…

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