Mumbai, April 10 (IANS) India must rethink its energy security strategy and reduce its dependence on traditional supply assumptions, especially its proximity to the Middle East, amid rising geopolitical uncertainties, ONGC Chairman and CEO Arun Kumar Singh said on Friday.Speaking at an energy security conclave organised by the Petroleum and Natural Gas Regulatory Board, the ONGC chief warned that the recent West Asia conflict, which triggered one of the biggest energy shocks in decades, has expo…
Latest ONGC News & Updates
New Delhi, April 4 (IANS) Ten personnel sustained minor injuries after a fire broke out on the SHP Platform of Oil and Natural Gas Corporation Limited (ONGC) at its Mumbai High Asset on Friday. The incident was reported at approximately 17:45 hours, according to a company statement.ONGC confirmed that the fire was promptly brought under control and extinguished by its emergency response teams.All injured personnel are currently under medical care and reported to be in stable condition.The compan…
New Delhi, March 20 (IANS) The Northeastern states have always been on the radar of external elements. This explains why insurgency lasted so long in the region. And now, some militant groups are trying to launch drone strikes targeting critical infrastructure in the region. The Prime Minister Narendra Modi government since 2014 has laid plenty of emphasis on the northeastern states and showered it with infrastructure development and inclusion.While a large part of the Northeast has embraced the…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, March 1 (IANS) Brent crude could climb above $90 per barrel with Strait of Hormuz disruption or exceed $100 per barrel in a broader regional conflict, a report said on Sunday.The report from JM Financial Institutional Securities said the crude has already climbed to about $72.8 per barrel and limited retaliation could add $5–10 per barrel, while direct damage to Iranian oil infrastructure could add $10–12 per barrel.Every $1 rise in crude increases India’s annual import bill by …
New Delhi, Feb 26 (IANS) The Oil and Natural Gas Corporation (ONGC) on Thursday inaugurated the 7th ONGC Para Games 2026 at the Thyagaraj Stadium in New Delhi, with nearly 300 Divyang athletes from eight oil and gas public sector undertakings (PSUs) participating in the four-day sporting event.Organised by ONGC, the inter-PSU tournament has brought together employee-athletes from ONGC, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corpora…
Mumbai, Feb 10 (IANS) The Indian equity markets posted moderate gains early on Tuesday amid strong global cues and continuing foreign inflows.As of 9.28 am, Sensex added 182 points, or 0.22 per cent, to reach 84,247, and Nifty gained 50 points, or 0.19 per cent, to settle at 25,917.Main broad-cap indices performed in line with benchmark indices, as the Nifty Midcap 100 added 0.20 per cent, and the Nifty Smallcap 100 edged up 0.58 per cent.All sectoral indices traded in the green. Most notable ga…
Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…
New Delhi, Jan 29 (IANS) Former India cricketer Suresh Raina extended his best wishes for the Vande Mataram CISF Cyclothon 2026, calling it a stirring symbol of discipline, dedication and determination. The CISF Vande Mataram Coastal Cyclothon–2026, a flagship national public outreach and awareness initiative, was virtually flagged off from Major Dhyan Chand National Stadium, here on Wednesday. The event was inaugurated by the Hon’ble Minister of State for Home Affairs, Shri Nityanand Rai, …
Mumbai, Jan 28 (IANS) Indian equity benchmark indices Sensex and Nifty ended Wednesday’s session with modest gains, managing to stay in the green despite sharp volatility through the day. Investor sentiment was influenced by December-quarter earnings announcements and the finalisation of the India–European Union Free Trade Agreement.The Sensex closed at 82,345, rising 487 points, or 0.60 per cent. During the session, the index moved between a high of 82,504 and a low of 81,815 as markets swu…