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DEEPWATER WELLS
Reliance warns of a volatile oil market in FY27, bets on gas and green chemicals for growthIn the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high...28 May, 2026, 04.38 PM IST- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...27 May, 2026, 05.24 PM IST
- Iran war crisis: With long-term vision, India could turn turmoil into triumphIndia confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crun...14 May, 2026, 11.31 PM IST
- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...12 May, 2026, 07.52 AM IST
- Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...02 May, 2026, 12.34 AM IST
- Government may cap ONGC new well gas amid distributor concernsThe government is considering a price cap on ONGC's 'new well gas' following a 58% surge to $12.91 per mmbtu, driven by city gas distributo...07 Apr, 2026, 08.54 AM IST
- Drill India drill: Iran war triggers India’s boldest hunt for oilThe Iran war has pushed countries to prioritise energy self-reliance, with India accelerating an already underway shift toward boosting dom...25 Mar, 2026, 02.19 PM IST
- ‘Samudra Manthan’: What's India’s National Deep Water Exploration Mission and how offshore oil and gas can cut India’s import dependenceIndia has launched the National Deep Water Exploration Mission to boost domestic oil and gas production and reduce its heavy reliance on im...22 Dec, 2025, 06.53 PM IST
- ONGC pumps first gas from U1B deep-water well in KG basinONGC's KG-DWN-98/2 or KG-D5 block, which sits next to Reliance Industries' KG-D6 block in the KG basin, has a number of discoveries that ha...01 Sep, 2021, 05.12 PM IST
- Gas-based power plants seek more gas from ONGC's Deepwater WellsAs the ONGC production from Deepwater Gas increases, and same can be allocated to power sector,(so that)the share of RLNG (Regasified Lique...30 Sep, 2018, 05.21 PM IST
- ONGC well in K-G block leaking gas; environment damage fearedA deepwater well in a Krishna Godavari basin block operated by state-run Oil and Natural Gas Corp (ONGC) has been leaking gas for two month...29 Oct, 2012, 05.45 PM IST
- ONGC, RIL may use surplus KG-D6 equipment for other deepwater wellsONGC & RIL may use surplus infrastructure at the KG-D6 block for their deepwater discoveries in nearby blocks.11 Sep, 2012, 06.29 AM IST
- Deepwater wells needed: oil drillersEnergy chiefs defended deepwater oil as crucial to meeting future demand, telling a conference a prolonged US drilling ban in response to t...22 Jun, 2010, 07.50 PM IST
- 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-1.14 Dec, 2007, 12.18 AM IST
- RIL gets Transocean rig for $935 mn, to form JVReliance Industries (RIL) will hire a ultra-deepwater drillship ‘Deepwater Pacific 1’ from the world’s largest offshore drilling contractor...03 Nov, 2007, 04.34 AM IST
- Reliance deploys two more rigs on gas fieldReliance Industries will deploy two deep-water drilling rigs on its gas rich Block D6 off the Andhra coast this year as it chases more oil ...02 Oct, 2006, 02.20 PM IST
- Govt denies deepwater exploration for novicesTHIS could turn out to be a party pooper for aspirants of deepwater exploration blocks.13 Sep, 2006, 01.11 AM IST
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