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OFFSHORE RIGS
13 killed, including Indians, in blast at Qatar's Ras Laffan LNG complex during restartA devastating explosion at Qatar's Ras Laffan LNG complex has claimed thirteen lives and injured sixty-six. The incident occurred during th...- 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, ...
- Operating profit of offshore rig operators may jump 30% in FY25: ReportCrude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Hi...
- 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...
- ONGC staff body wants fewer workers on offshore platforms as COVID infections riseONGC’s offshore rigs have seen a proliferation of coronavirus cases in the last one month with 25 employees deployed on rig Sagar Jyoti and...
- 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...
- Essar Shipping bags $121 million contract from ConocoPhillipsEssar Shipping, a part of Essar Group, has bagged a contract worth USD 121 million from ConocoPhillips to drill 11 offshore wells in Indone...
- Aban may take a hit as Venezuelan offshore rig sinksA Venezuelan offshore natural gas platform, built by the Indian oilfield services firm Aban Offshore, sank into the sea, leading to concern...
- 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...
- Mercator Lines in jack-up rig pushMercator Lines (MLL), the private shipping company, is planning to acquire a jack-up rig with an investment of Rs 1,500 crore.
- Great Offshore to buy SeaDragon for $1.4 bnGreat Offshore is set to acquire Cayman Islands-based SeaDragon Offshore for $1.4 billion that would give the Indian company rigs, which ca...
- 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...
- Oil explorers in a tight spot as rigs move to UK, Mexicooil explorers led by Oil & Natural Gas Corp (ONGC) are losing rigs to rivals in countries such as Mexico and the UK as their existing contr...
- 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 ...
- 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...
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