Salary Structure of Top 10 Paying PSUs
| S. No. | Name of PSUs | Salary CTC |
|---|
| S. No. | Name of PSUs | Salary CTC |
| 1. | Power Grid Corporation of India Limited (PGCIL) | ₹ 20,00,000 /- |
| 2. | National Thermal Power Corporation (NTPC) | ₹ 18,00,000 /- |
| 3. | Oil & Natural Gas Corporation (ONGC) Limited | ₹ 16,50,000 /- |
ONGC Pension Scheme. Compulsory Employees Pension Scheme (EPS-95)- A contribution of Rs 541/- p.m. per employee from Employer contribution of CPF. Present Self Contributory- Post Retirement Benefit Scheme(PRBS)- An employee contributes approximately Rs72000 to Rs 84000 p.a. towards this Scheme.
Post-wise eligibility
| Post and role | Essential Qualification |
|---|
| AEE (Reservoir) | Post Graduate Degree in Physics with minimum 60% marks (Must have Mathematics / Physics at B.Sc. level) |
| Post Graduate Degree in Petroleum Technology with minimum 60% marks (Must have Mathematics / Physics at B.Sc. level) |
ONGC's working capital fell into the negative territory last fiscal for the first time in the past many years. The working capital stood at a negative Rs 27,000 crore as of March 31, 2018 as against a positive Rs 7,039 crore as of March 31, 2017.
| DESIGNATION | LEVEL | Pay Scale |
|---|
| (**) Officer/Assistant Executive Engineer/Geophysicist/Geologist/Chemist | E-1 | Rs.60000-180000 |
| Assistant (**)Officer/Assistant Engineer/Personal Secretary | E-0 | Rs.50000-160000 |
| Chief Superintendent/Senior Foreman | S-IV | Rs.32000-56000 |
| Senior Superintendent/Senior Foreman | S-III | Rs.28000-52500 |
ONGC has announced recruitment notification for the post Contract Medical Officer eligible candidates can submit their
application before 21-11-
2020.
Contract Medical Officer vacancy in ONGC Recruitment 2021.
| ONGC November 2020 Notification | Details |
|---|
| Total Vacancies | 33 |
| Date Added | 07/11/2020 |
| Last Date to Apply | 21/11/2020 |
ONGC - Oil and Natural Gas Corporation Limited.
As of December 2019, the U.S.was the world's top producer, followed by Russia and Saudi Arabia. However, Saudi Arabia is still the global leader in exporting oil followed by Russia and Iraq. Combined, these three nations, all members of OPEC+, account for nearly 36% of the supply of oil to the rest of the world.
Oil-to-telecom conglomerate Reliance Industries Ltd. (RIL) topped the Fortune 500 list of Indian companies, Fortune India announced on December 2. Indian Oil Corporation Ltd. (IOC), the nation's biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, it said.
ONGC shares climbed 10% after Brent rose above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year. At 10:32 a.m., ONGC shares were trading at ₹100.80, becoming the top gainer among BSE Sensex stocks.
ONGC: India's crude oil import dependence hits record high of 84.5% in Apr-Oct FY20, Energy News, ET EnergyWorld.
Sambit Patra (born 13 December 1974) is an Indian politician and a general surgeon. He is one of the official spokespersons of the BJP. Patra was a former Medical officer at Hindu Rao Hospital. He was appointed as an independent director of the board of Oil and Natural Gas Corporation Limited (ONGC) in 2017.
ONGC Salary in India (Revised):
| Designation | Pay Scale |
|---|
| Senior (**) Officer/ Assistant Executive Engineer/ Senior Geologist/ Senior Chemist/ONGC Executive Salary Revised | Rs.70000-200000 |
| Assistant Executive Engineer/ Geophysicist/ Geologist/ Chemist/ ONGC Officer Salary Revised | Rs.60000-180000 |
Upstream companies such as ONGC and Oil India offer better risk-reward ratio compared with downstream companies such as BPCL, HPCL and IOC due to superior volume visibility and attractive valuations. ONGC has guided for strong production in gas, as new projects start by the end of 2017.
Oil and Natural Gas Corp (ONGC) had posted Rs 4,272 crore loss on gas business in 2017-18, which is likely to widen to over Rs 6,000 crore in the current fiscal (April 2020 to March 2021), sources said citing a company communique to the government.
Secondly, weak oil prices have been a key factor in the fall in ONGC stock price. The 12.5% cut in domestic natural gas price has been highlighted as credit negative for ONGC by Moody's. That is because, ONGC will see earnings fall by over Rs. 1,400 crore.
Lower crude oil and gas sales volume, lower-than-expected other income, and high depreciation costs are the main culprits. Not surprisingly, analysts have cut their earnings estimates after the results.
National AverageAs of Dec 31, 2020, the average annual pay for a Crude Oil Owner Operator in the United States is $220,863 a year.
Getting into The Oil Business—How to Start Your Own Company
- Decide where to invest. There are all sorts of companies in the oil and gas industry—from drilling your own wells to having your own filling station.
- Make a business plan.
- Identify your investors.
- Build a great team.
- Use top-notch equipment.
- Check the regulations.
If oil producers pump more oil than the market needs, it can cause crude prices to plunge, which eats into the profitability of E&Ps. Oil-field service companies, on the other hand, make money by providing services and equipment to E&P companies.
2018 was likely the most profitable year for U.S. oil producers since 2013. Net income for 43 U.S. oil producers totaled $28 billion in 2018, a five-year high. EIA calculates that these companies accounted for about one-third of total U.S. crude oil and natural gas liquids production in the fourth quarter of 2018.
Ways to Invest
- Mutual Funds or ETFs. Alternatively, you can buy shares in a number of oil and gas-focused mutual funds or ETFs through a brokerage like You Invest by JP Morgan.
- Large Cap Stock or ADRs.
- Futures Contracts.
- Small or Micro-cap Stock and Limited Partnerships.
- Exploration.
- Developing.
- Income.
- Services and Support.
PV10 is a method of estimating an energy company's potential future earnings based on its proven reserves of oil and gas, using a 10% discount rate. It is based on engineers' reports of the estimated costs and revenues that each oil deposit or reserve may produce.
Becoming an oil and gas investor offers excellent financial benefits when the market works out in your favor. On the other hand, it also carries an equal amount of risk. Investing in oil isn't for the faint of heart, but it can be a gratifying investment opportunity when done with care and diligence.
Oil is a refined product from crude which is used for lubricants. Gasoline is a further refined petroleum liquid which is used for fuels. Gas can be a refined product of natural gas that separates the butanes, propanes, methanes, and etc.
