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OILFIELD CONTRACT
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...- Bill in Parliament to bring policy stability in oil & gasIntroduced in Rajya Sabha, the Oilfields (Regulation and Development) Amendment Bill, 2024, aims to ensure policy stability for oil and gas...
- 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...
- Oil firms may get to operate fields for full economic lifeCompanies will not be required to seek renewal in future contracts, helping them plan their investments better. For the existing contracts,...
- Extend oilfield pacts without changing terms, suggests NitiNiti Aayog has sent its policy recommendation to the oil ministry, saying any extension of oilfield contracts should be as per the original...
- Vedanta contract for Raj Oilfield extended till NovemberThe block, which started producing in 2009 and contributes about a fifth of the country’s total oil output, is controlled by mining magnate...
- L&T construction bags order from Oilfields Supply Company SaudiThe company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs 1,000 cror...
- Asian Oilfields surges 5% on ONGC contract winThe scrip was trading 4.95 per cent up at Rs 83.70 at around 09.43 am.
- Essar Oilfields bags Rs 32 crore order from ONGCUnder the one-year contract, Essar Oilfields "will be deploying the MR#11 land rig for the job, which is expected to commence in the next f...
- Essar Oilfields begins drilling oil off Gujarat coastThe oilfield service subsidiary of Essar Shipping expects to clock revenue of $48 million in the current financial year on the back of mult...
- Essar Oilfields Services sees revenue rising to $48 millionA fully-owned subsidiary of Essar Shipping Ltd, Essar Oilfields owns and operates 15 land rigs and one offshore semi-submersible rig. The c...
- Oilfield contract extension to open taps for Cairn IndiaThe move will put to rest the uncertainty over future production, a critical overhang on the stock; to likely add $1 b to firm's valuation,...
- Asian Oilfield Services gains nearly 10% after winning contractShares of the company opened at Rs 172.70 and touched a high and low of Rs 181 and Rs 170.10, respectively, in trade so far.
- DGH proposes tougher norms for extending oilfield contracts of private firmsDGH has proposed stringent norms for extending oilfield contracts of private firms, demanding they should raise the state's share of profit...
- Essar Oilfields reports $14.84 mn profitEssar Oilfields Services Ltd today reported net profit of USD 15.71 million for 2012-13 as against USD 14.84 million loss in the previous f...
- Government plans a comprehensive system to extend oilfield contractsOilfields are leased to companies for 15-25 years, but before the lease expires the company needs to know if it will retain the field.
- Essar Shipping bags contracts of $25 millionEssar Shipping, part of the Essar Group, has bagged orders of $ 25 million from New Sino Oil Company to drill five wells in Brunei.
- ONGC Videsh Ltd (OVL) to invest $ 1.5 bn in an Iraq oil blockONGC Videsh Ltd may invest over $ 1.5 billion in exploring for oil in a block that was awarded to it by the erstwhile Saddam Hussein regime.
- Essar Oilfields bags first contract outside IndiaEssar Oilfields Services Ltd (EOSL), a wholly-owned subsidiary of Essar Shipping Ports & Logistics, today said it has won its first contrac...
- Reliance oil deals with Kurdistan illegal: Iraqi Oil MinisterIraq has dubbed as "illegal" the contracts signed by Reliance Industries' for two oil blocks in Kurdistan saying companies signing oil deal...
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