(EnergyAsia, February 8) — India’s state upstream company Oil and Natural Gas Corporation Ltd (ONGC) has posted a net profit of Rs38.88 billion in the October-December 2005 quarter on revenue of Rs125.48 billion. (US$1=Rs45). The net profit was up 11% from the same quarter in 2004 while revenue edged up 3%.             The company said…