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OFFSHORE OILFIELDS
Iran conflict exposes limits of energy transition, pushes world back to oil, gas and nuclearRecent global events, particularly the Iran conflict, have highlighted the continued reliance on hydrocarbons, pushing back EV targets and ...- Lessons from Hormuz crisis: Vedanta’s Anil Agarwal shares how India can break the 88% crude dependency cycleRecent Strait of Hormuz tensions reveal India's deep dependence on imported oil. Vedanta Chairman Anil Agarwal stresses India is under-expl...
- China discovers major new oilfield off ShenzhenChina's National Offshore Oil Corporation (CNOOC) has found a significant oilfield in the eastern South China Sea, with proven reserves sur...
- 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...
- ONGC links Panna field with sub-sea pipeline, saves costWith "the successful linkage of Panna process platform with subsea pipeline", the company "has achieved a significant cost reduction of app...
- Offshore vessel catches fire near Mumbai High oilfield; one injured, three stuckOne injured crew member has been rescued from the fire and flown in with the help of an Oil and Natural Gas Corporation (ONGC) helicopter, ...
- 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...
- 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.
- Pawan Hans crash: Chances of pilots' survival bleak24 hours after a Pawan Hans helicopter with two pilots on board crashed into the Arabian Sea off Mumbai coast, Defence sources said.
- UK's Swire Oilfield Services establishes Indian unitThe new company will initially employ four staff in Mumbai, with the expectation that this will increase as business in India gathers pace.
- ONGC reports oil spill off Mumbai coastONGC officials said divers are being pressed into service to go down to sea-bed to access the damage to the pipeline.
- Great Offshore Q4 net up 2.38 pc to Rs 73.05 crIntegrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73...
- Time not ripe for takeover battlesAt a time when there is no unanimity on the world economy.
- Dhoot could join battle for Great OffshoreThe battle for Great Offshore is likely become more intense now as Videocon Chairman Venugopal Dhoot has dropped hints that he could join t...
- ONGC board approves about Rs 3,500 cr investmentOil and Natural Gas Corp (ONGC) on Thursday approved an investment of about Rs 3,500 crore for putting in additional facilities at its oilf...
- Saudi Arabia finds 5 oil fields, 3 gas fieldsThe world's top oil exporter Saudi Arabia said on Monday it had discovered five new oilfields and three gasfields in the Eastern Province, ...
- Offshore service providers shares plunge on lower oil pricesShares of offshore and oilfield services providers plunged on concerns that demand for rigs and service platforms would fall as lower oil p...
- Essar Shipping gains over 100% in one monthEssar Shipping has gained over 100 per cent in the past one month. Friday, the stock was locked at the 5 per cent upper circuit at Rs 232.4...
- 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...
- NIC, Bajaj Allianz offers $289 mn to Punj LlyodKolkata-based National Insurance Co (NIC) and Bajaj Allianz General Insurance has jointly offered a $289 million (Rs 1,250 crore) cover to ...
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