Indian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up explora...

Oil and Natural Gas Corporation (ONGC) is facing increased operating costs due to a surge in oilfield services rates and maintenance costs ...

Earlier 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...

Megha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas rigs, expects c...

ONGC 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...

So 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 is a bright spot in the gloomy global energy industry with oil giant ONGC taking a lead in upstream activities amidst the depressed ...

ONGC is in the process of hiring expensive high specification rigs for jobs that can be done by the much cheaper standard rigs, triggering ...

ONGC has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.

The Central Vigilance Department allows ONGC to place orders on a nomination basis only in rare and exceptional cases where the government ...

ONGC 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...

State-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...

State-run Oil and Natural Gas Corp (ONGC) has deferred a decision on hiring a drilling rig from Reliance Industries, even as Chinese and Eu...

Reliance Industries has been approached by Chinese and European oil majors for hiring one of its drilling rigs, which had also been sought ...

Brokerage Sharekhan has maintained a ‘Buy’ rating on the Shivvani Oil & Exploration Company and expect the stock to hit a target price of R...

ONGC 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.

Public 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...