{"id":358737,"date":"2020-06-23T10:04:01","date_gmt":"2020-06-23T04:34:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358737"},"modified":"2020-06-23T10:20:57","modified_gmt":"2020-06-23T04:50:57","slug":"ongc-looking-at-optimising-operations-capex-amid-coronavirus-pandemic-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-looking-at-optimising-operations-capex-amid-coronavirus-pandemic-2\/","title":{"rendered":"ONGC looking at optimising operations, capex amid Coronavirus pandemic"},"content":{"rendered":"<p>State-run ONGC is looking at opportunities for optimising its capital and operational expenditures as the coronavirus pandemic has impacted the progress of its projects. <\/p>\n<p>&#8220;The short term liquidity position was managed by raising short term borrowings to the extent required. The onset of Covid-19 itself will impact project progress to some extent and the Company is identifying opportunities for Capex and Opex optimisations,&#8221; Oil and Natural Gas Corporation Ltd (ONGC) said in a regulatory filing. <\/p>\n<p>It said that going forward it is anticipated that a combination of higher oil and gas prices, rationalisation in expenses and some statutory relief will help the company to protect and maintain our activity level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run ONGC is looking at opportunities for optimising its capital and operational expenditures as the coronavirus pandemic has impacted the progress of its projects. &#8220;The short term liquidity position was managed by raising short term borrowings to the extent required. The onset of Covid-19 itself will impact project progress to some extent and the Company is identifying opportunities for Capex and Opex optimisations,&#8221; Oil and Natural Gas Corporation Ltd (ONGC) said in a regulatory filing. It said that going forward it is anticipated that a combination of higher oil and gas prices, rationalisation in expenses and some statutory relief will [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-358737","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358737"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358737\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}