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OFFSHORE OIL DRILLING
Rs 84,084 crore incentive on offer, but India's deepsea oil exploration bids delayed againIntroduced in 2016 under the Hydrocarbon Exploration and Licensing Policy, OALP sought to replace the government-driven identification of e...- ONGC Q2 profit jumps 57% to Rs 15,489 crore on higher oil prices, rupee depreciationONGC has reported a significant 57% increase in quarterly profit, reaching Rs 15,489 crore. The profit surge is attributed to higher oil an...
- India opens special deepwater oil, gas bidding round, offers to fund up to 50% of well costsIndia is launching a special licensing round for deepwater and ultra-deepwater oil and gas blocks under its ₹84,084 crore Samudra Manthan o...
- OMCs back interim LPG distributors' commission hike; ministry approval awaited: AIHPGDAIn a communication dated October 22, AIHPGDA President Rajendra B said the assurance came during a bipartite meeting held on October 21 at ...
- Government extends deepwater drilling support to previously awarded blocksThe Indian government will provide financial support under the Samudra Manthan scheme for deepwater drilling activities. Recently issued gu...
- Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling riskThe Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of ...
- China digs 8,300 metres beneath Xinjiang desert: What is hidden in the desert below?China is accelerating oil and gas exploration in ultra-deep and offshore reserves to strengthen domestic energy supplies amid global market...
- 'Passport to the future' or 'the new Dubai': Hunt for oil in Brazil's Amazon fuels hopes and fearsIndigenous chief Wagner Karipuna gazes worriedly at the tranquil river flowing past his village in the Brazilian Amazon as he imagines the ...
- Stocks in news: ONGC, Lloyds Metals, Canara Bank, Rays of Belief and GRSEIndian stock markets closed higher on Monday, with the Nifty 50 and BSE Sensex gaining points. Several companies, including ONGC and Canara...
- Gas found near Odisha coast: ONGC strikes Mahanadi deepwater well under Samudra Manthan, finds encouraging flow at 1,450 metresGas found near Odisha coast: ONGC has discovered gas in a deepwater exploration well in the Mahanadi Offshore Basin, around 43 km from Kona...
- OIL CMD Ranjit Rath outlines the company's growth prioritiesOIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengtheni...
- Govt extends OALP-X, XI bid deadline again to Nov 15India's government has extended bid deadlines for offshore oil and gas exploration blocks. Companies now have until November 15, 2026, to s...
- In 1969, California witnessed catastrophic oil spill between 3.5 million and 4.2 million gallons of crude into Santa Barbara Channel, leading to rise of modern environmental movement, nearly 6 decades later Donald Trump administration is causing concerns among residents. Here's whyTrump administration, citing a need for energy security and job creation, has already announced plans for new offshore oil leases in Califo...
- ONGC to enter oil trading, build strategic reserves as upstream remains coreONGC plans to enter crude and petroleum product trading operations soon. A new strategic petroleum reserve will be built in Mangalore. Expl...
- Govt plans to start recovery 7 years after deepwater explorers begin productionThe government will support deepwater exploration through 2030-31 with significant funding. About forty-three thousand crore rupees will fu...
- ONGC explores drillship acquisition/JV for deepwater capacity under Samudra ManthanONGC seeks dedicated deepwater drillship capacity for its exploration program. The state explorer issued an expression of interest for rig-...
- Aban Offshore bags Rs 1110 crore order: SourcesAt 11:30 a.m.; the stock was at Rs 325.35, up 1.83 per cent, on the BSE. It touched a high of Rs 330.70 and a low of Rs 320.70 in trade tod...
- Obama shifts on offshore oil drillingIn a sudden and major shift, Democrat Barack Obama said he would be willing to support limited additional offshore oil drilling if that wou...
- ESIL to acquire oil drilling rigs in Oslo & USCyprus-based Essar Shipping & Logistics Ltd (ESLL) is all set to acquire of on-shore and offshore oil drilling rigs from two pubilcly liste...
- Essar Shipping to to invest 400 mn dollarsEssar Shipping and Logistics Ltd on Monday said it will invest $400 million for acquiring onshore and offshore oil drilling rigs.
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