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OFFSHORE OIL RIGS
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEAThe world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The Inter...- ONGC rig pricing veto may tighten fuel tapIndia's offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders f...
- ONGC in talks with domestic shipyards for two offshore rigsIndia's Oil and Natural Gas Corp (ONGC) is initiating discussions with domestic shipyards to construct two offshore jack-up drilling rigs, ...
- 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...
- Deep Industries to diversify into services to offshore rigs, biogas industryThe company wants to begin with offering diving services for the maintenance of offshore oil rigs over the next two years and then subseque...
- 'Oil sevaks' operate India's biggest oil, gas fields beyond shifts"I have been receiving messages from these brave employees saying they are happy to continue working on offshore fields as long as it is ne...
- 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.
- 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...
- Dynamic Offshore Drilling to deploy rig for ONGC from next mthDynamic Offshore Drilling will deploy a newly built exploration rig in the Western offshore part of India for drilling oil and gas wells fo...
- Oil boom to benefit India's drilling equipment makersIndian capital goods companies are entering the rig business, fuelled by a global boom in exploration due to the trebling of crude oil pric...
- Aban Offshore terminates contract with Husky Oil ChinaOffshore drilling and oil field services provider Aban Offshore said it has terminated a USD 10.53 mn (Rs 4,417 crore) contract with Husky ...
- Emkay Share & Stock Brokers maintains 'buy' on Aban OffshoreAs 35% of the company’s revenue is expected to be derived from the deepwater segment in FY09, Aban is likely to be a beneficiary of this up...
- Gremach inks $1bn contract with CNPC coGremach Infrastructure has inked a $1-billion contract with Baoji Oilfield Machinery (Bomco) - a 100% subsidiary of CNPC - for importing on...
- ‘Picks & shovels’ make a killing in the black gold rushIt wasn’t the miners who made a fortune in the Alaska gold rush, but the guys selling picks and shovels.
- 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.
- Gas fire fuels growth for services cosOil major Reliance has submitted an amended development plan for KG-D6 to the DGH. Submitted on November 1, one significant feature of the ...
- Essar bags 14 oil rigsIt’s like hitting the jackpot. Essar Oil Fields Services, a subsidiary of Essar Global, is back into the oil rig business and has already a...
- ONGC bets on term contracts for rigsPublic 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...
- Oil cos hunger for more, plan major boost in E&P spendAmerican oilman J Paul Getty was bang on target - when he said, "The meek shall inherit the earth but not its mineral rights".
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