Oil & Natural Gas Corpn has signed 6 contracts for Discovered Small Fields (DSF) in the Offshore under DSF-III bid round, with 3 each for fields in the Arabian Sea and Bay of Bengal. These include 4 contract areas as sole bidder and 2 contract areas in partnership with Indian Oil Corporation (IOCL). The Energy Maharatna also signed 2 Contracts for Fields under Special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh. In the Special CBM bid round-2021 under OALP, as per provisions of the RSC, a total estimated expenditure commitment is indicated by the Contractor to the Government of India. For the 2 CBM blocks awarded to ONGC, the total investment commitment is to the tune of USD 5.94 million. In the 6 DSF-III blocks awarded to ONGC (2 under JV with IOC) an investment of USD 1894.5 million is planned towards development in the blocks. Powered by Capital Market - Live News

Oil & Natural Gas Corpn announced that Rajesh Kumar Srivastava (DIN: 08513272), Director (Exploration) has been entrusted with the additional charge of the post of Chairman & Managing Director (CMD) with effect from 01 September 2022 for a period of four years. Powered by Capital Market - Live News

Oil & Natural Gas Corpn has signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil for Deepwater exploration in East and West coasts of India.The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. There has been a scientific exchange of exploration data in the last few years, which has led to this partnership. Powered by Capital Market - Live News

Net profit of Oil & Natural Gas Corpn rose 99.44% to Rs 11936.64 crore in the quarter ended June 2022 as against Rs 5985.20 crore during the previous quarter ended June 2021. Sales rose 69.18% to Rs 182893.75 crore in the quarter ended June 2022 as against Rs 108104.87 crore during the previous quarter ended June 2021. ParticularsQuarter Ended�Jun. 2022Jun. 2021% Var. Sales182893.75108104.87 69 OPM %10.3115.06 - PBDT19505.3416617.31 17 PBT12894.2510194.43 26 NP11936.645985.20 99 Powered by Capital Market - Live News

ONGC announced that the Annual General Meeting (AGM) of the company will be held on 29 August 2022.Powered by Capital Market - Live News