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ONGC RIG PRICING
India crude oil production falls for 11th year, gas declines againIndia's crude oil and natural gas production continued to decline in 2025-26 due to ageing fields and a lack of new discoveries, increasing...- ONGC cancels jack-up rig tender over cartelisation fears, flags 60% spike in bid pricesState-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive prac...
- ONGC rig pricing veto may tighten fuel tapIndia's offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders f...
- Global rigs shortage delays Indian oil and gas exploration projectsIndian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up explora...
- ONGC focuses on lowering operating costsOil and Natural Gas Corporation (ONGC) is facing increased operating costs due to a surge in oilfield services rates and maintenance costs ...
- ONGC finding it hard to get offshore rigs in a 'tight' marketEarlier this year, ONGC sought 12 rigs for its projects but got only 10. New rig contracts it signed then were about 50% more expensive tha...
- MEIL to commission 15 oil and gas rigs for ONGC by MayMegha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas rigs, expects c...
- ONGC, directors pulled up for plan to skip tenderingONGC had planned to hire nine rigs through nomination, apparently to save time in the hiring process, in 2015, but didn’t go ahead after ET...
- ONGC mulling to relax eligibility criteria for hiring rigs; move may risk high stake businessSo far rigs that have been lying idle continuously for three years or more were not eligible to bid for ONGC jobs due to safety concerns.
- India a bright spot in the gloomy global energy industry: Jon Fredrick Muller"India is a bright spot in the gloomy global energy industry with oil giant ONGC taking a lead in upstream activities amidst the depressed ...
- ONGC expensive rig hiring plans trigger speculationONGC is in the process of hiring expensive high specification rigs for jobs that can be done by the much cheaper standard rigs, triggering ...
- ONGC swamped with offers for hiring deep sea rigs, expects charter rates to come downONGC has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
- ONGC move to hire rigs without tendering may ignite controversyThe Central Vigilance Department allows ONGC to place orders on a nomination basis only in rare and exceptional cases where the government ...
- ONGC hires drilling rig for Rs 2.39 cr per dayONGC hired 'GSF Explorer' drilling rig for one year beginning July at a dayrate of USD 412,000, the oil rig contractor said in its latest f...
- ONGC to hire drill rig from RIL for Rs 3,914.39 crState-run Oil and Natural Gas Corporation has agreed to pay over Rs 3,914.39 crore for hiring an ultra deep-sea drill rig from Reliance Ind...
- ONGC defers decision on hiring drilling rig from RelianceState-run Oil and Natural Gas Corp (ONGC) has deferred a decision on hiring a drilling rig from Reliance Industries, even as Chinese and Eu...
- Chinese, European firms approaches RIL for hiring rigReliance Industries has been approached by Chinese and European oil majors for hiring one of its drilling rigs, which had also been sought ...
- Sharekhan maintains buy on Shiwani OilBrokerage Sharekhan has maintained a ‘Buy’ rating on the Shivvani Oil & Exploration Company and expect the stock to hit a target price of R...
- ONGC seeks rig from global oil firms for KG block workONGC is in talks with global oil firms StatOil, Norway’s Norsk Hydro among others, to secure an ultra deepwater rig for drilling well UD-1.
- ONGC bets on term contracts for rigsPublic sector oil major ONGC could save close to a billion dollars over the next three years on charter of offshore drilling rigs, if the m...
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