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Oil and Natural Gas Corporation Limited clarified that its subsidiary, ONGC Videsh Limited (OVL), received approval from the U.S. government in July 2026 for oil and gas operations in Venezuela, concerning its assets San Cristobal and Carabobo-1, and framework agreements are under discussion with stakeholders, though the operational or financial impact on the company cannot be determined at this stage.

ONGC announced that the 33th Annual General Meeting(AGM) of the company will be held on 31 August 2026.

Net profit of Oil & Natural Gas Corpn rose 21.37% to Rs 11898.93 crore in the quarter ended June 2026 as against Rs 9804.07 crore during the previous quarter ended June 2025. Sales rose 25.68% to Rs 204987.35 crore in the quarter ended June 2026 as against Rs 163106.33 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales204987.35163106.33 26 OPM %7.5515.80 - PBDT16018.0424911.10 -36 PBT6540.6915527.14 -58 NP11898.939804.07 21 Powered by Capital Market - Live News

ONGC will hold a meeting of the Board of Directors of the Company on 4 August 2026.

After the technical services provider (TSP-1) contract for Mumbai High, Oil & Natural Gas Corpn (ONGC) and bp have signed a new technical services contract on 25 June 2026. Under the agreement, bp has been appointed as the TSP for ONGC`s fields in the Western Offshore Basin. As India`s National Oil Company, ONGC plays a pivotal role in strengthening the country`s energy security, accounting for approximately 64 per cent of India`s domestic crude oil and natural gas production. Comprising 43 blocks, the Western Offshore Basin is ONGC`s most prolific hydrocarbon-producing basin and has contributed significantly to India`s energy requirements for over four decades.The agreement marks a significant expansion of the ONGC-bp collaboration from Mumbai High to the fields in the Western Offshore Basin. It will facilitate the wider deployment of advanced technologies, global technical expertise and best-in-class operating practices across some of India`s most important mature hydrocarbon assets.ONGC will retain complete ownership and operational control of the assets. bp will work closely with ONGC`s multidisciplinary teams to identify and implement focused interventions across reservoirs, wells and production facilities. The collaboration will seek to moderate natural production decline, improve hydrocarbon recovery and operational efficiency, and support sustained production growth. Under the terms of the contract, bp will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon production. The agreement builds on the technical services contract signed by ONGC and bp for Mumbai High in February 2025. During the first year of collaboration, the two companies successfully moderated production decline and delivered growth through optimization of existing wells, enhanced surveillance and focused reservoir, well and facility-management initiatives.