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ONGC CAPEX
Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...- Capex by big CPSEs, 4 key government entities surges 62% in MarchCapital spending by these CPSEs and Railway Board, National Highways Authority of India (NHAI), Delhi Metro Rail Corporation and Damodar Va...
- ONGC ups capex at Rs 15,550 crore in Q2Oil and Natural Gas Corporation has doubled its capital expenditure to ₹15,550 crore in the second quarter. ONGC has spent ₹23,550 crore in...
- Capex on developing oilfields to drop below $3.5 billion in 2030Capital expenditure on developing oil projects is estimated to drop below $3.5 billion in 2030 from around $4.3 billion in 2024. The estima...
- ONGC ready for big investments, says finance director Pomila JaspalONGC, India's largest oil and gas producer, reported a combined profit of about ₹80,000 crore in the two years to March 2023. It has zero n...
- Fitch affirms 'BBB-' rating on ONGC, outlook stable"We maintain ONGC's Standalone Credit Profile (SCP) at 'bbb+', which reflects ONGC's scale as the largest oil and gas (O&G) producer in Ind...
- State-run oil firms spend only a quarter of Capex target as pandemic delays projectsAll state-run oil companies have together spent Rs 24,626 crore in five months through August, 25% of the total capital expenditure of Rs 9...
- COVID-19 restrictions to shave off 18 per cent of ONGC capex: ExecutiveOil and gas exploration and production projects typically involve the supply of equipment from overseas suppliers. Also, some facilities li...
- Oil PSUs spend 13% of annual capex target in Q1FY21The government is banking on accelerated spending by public sector companies to revitalize the economy damaged by the pandemic and lockdown...
- ONGC Videsh output may fall in FY21 on natural decline, OPEC+ supply cutONGC Videsh produced about 15 million metric tonnes of oil equivalent (mmtoe) in 2019-20, marginally higher than 14.83 mmtoe in 2018-19, ma...
- State refiners spent more than they had planned in 2019-20ONGC, a heavy spender traditionally, invested Rs 30,100 crore, the highest last year. Indian Oil Corp followed with Rs 28,300 crore. Howeve...
- In 8 months, state oil firms use 63% of Rs 89,000 cr capex target for FY 19State refiners are spending thousands of crores in expanding capacity and upgrading their facilities to produce low-emission fuel.
- State oil companies' capex jumps 22 per cent in FY18India’s oil demand expanded 5.3% in 2017-18, after rising 5.4% in 2016-17 and 11.6% in 2015-16. Growth in production of refined products la...
- Mixed bag for India's oil firms as explorers spend less, while refiners meet Capex targetsHigher profit, lower working capital requirement and reduction in borrowings due to lower oil prices encouraged refiners to fast-track exec...
- Budget 2016: FM Arun Jaitley raises investment on oil and gas PSUs despite low crude pricesThe government has proposed to invest Rs 87214.56 crore in 2016-17 through the 11 public sector companies under the Ministry of Oil and Gas.
- Won't cut capex despite fall in oil prices, revenue: ONGCThe company is only looking to optimise operational cost to cut corners in times when the price of crude oil has fallen below its cost of p...
- ONGC move to hire rigs without tendering may ignite controversyThe Central Vigilance Department allows ONGC to place orders on a nomination basis only in rare and exceptional cases where the government ...
- Private oil companies cut capital expenditure and cost on weak crude demand outlook for 2015-16Cairn India has slashed its capex by less than half while RIL will undertake austerity measures owing to falling oil prices.
- PSU chiefs promise to meet capex plans, maintain dividendHeads of several blue-chip state- owned firms today assured Chidambaram that they will try to meet their capital expenditure plans.
- ONGC sets Rs 60k-cr E&P capex planDriven by higher input costs, the state-owned Oil and Natural Gas Corporation (ONGC) has lined up a capital expenditure of over Rs 60,000 c...
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