{"id":371491,"date":"2020-09-03T10:23:26","date_gmt":"2020-09-03T04:53:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371491"},"modified":"2020-09-03T10:23:26","modified_gmt":"2020-09-03T04:53:26","slug":"ongc-unlikely-to-buy-overseas-oil-gas-assets-at-current-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-unlikely-to-buy-overseas-oil-gas-assets-at-current-prices\/","title":{"rendered":"ONGC unlikely to buy overseas oil, gas assets at current prices"},"content":{"rendered":"<p>NEW DELHI : India&#8217;s top explorer Oil and Natural Gas Corp is unlikely to buy overseas oil and gas assets at current prices of about $45 a barrel, its finance chief said on Wednesday.<\/p>\n<p>Its overseas investment arm ONGC Videsh (OVL) has already seen a decline in profit, as some of its acquisitions, such as Imperial Energy in Russia, were made when global oil prices were above $100 a barrel.<\/p>\n<p>&#8220;&#8230;prices are stuck at $45 ( per barrel) so any acquisition should be made at significantly lower prices only,&#8221; Subhash Kumar told an analyst conference.<\/p>\n<p>He said OVL is comfortable with oil prices remaining above $45 a barrel, as $40 a barrel is the lowest price at which the company can make a profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India&#8217;s top explorer Oil and Natural Gas Corp is unlikely to buy overseas oil and gas assets at current prices of about $45 a barrel, its finance chief said on Wednesday. Its overseas investment arm ONGC Videsh (OVL) has already seen a decline in profit, as some of its acquisitions, such as Imperial Energy in Russia, were made when global oil prices were above $100 a barrel. &#8220;&#8230;prices are stuck at $45 ( per barrel) so any acquisition should be made at significantly lower prices only,&#8221; Subhash Kumar told an analyst conference. He said OVL is comfortable [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-371491","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371491","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371491"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371491\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}