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Reliance Defence delivers vessel part of Rs 700 crore contractAnil Ambani's firm Reliance Defence and Engineering Ltd has delivered seventh offshore supply vessel (OSV) to ONGC.- Oil drillers under pressure to scrap rigs to cope with downturnThe recent five-year low in oil prices is threatening an industry already grappling with a flood of new vessels and weakening demand.
- Pipavav Defence wins Rs 1,160 crore contract from European clientPipavav Defence and Offshore Engineering Company bagged a Rs 1,160 crore contract for building two specialised offshore vessels for a Europ...
- Six US companies to pay penalty for briberySix US companies have agreed to pay a criminal penalty of more than $ 156 million on charges of paying bribes to foreign countries, includi...
- Six US companies to pay penalty for briberySix US companies have agreed to pay a criminal penalty of more than $156 million on charges of paying bribes to foreign countries, includin...
- Congressman: too much dispersant used in oil spillAs BP inched closer to sealing the blown-out well in Gulf of Mexico, congressional investigators railed the company and Coast Guard for par...
- Investors flee BP and drilling companiesInvestors pummeled shares of oil drillers and BP on Tuesday, after President Barack Obama talked tough about dealing with the worst oil spi...
- Soaring charter rates force oil exploration giants to buy rigsIndia’s hunt for new energy sources has hit an unforeseen obstacle: dearth of operational rigs.
- ONGC has largest fleet of drilling rigsONGC and Reliance Industries (RIL) are in talks to share exploration infrastructure in lucrative deep sea basins.
- Oil cos draw plans to share rigsDue to shortage of oil rigs, RIL is in talks with ONGC on sharing of infrastructure in deep-sea basins.
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