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OIL RIG CONTRACTOR
Cyclone Tauktae: Navy, Coast Guard rescue 314 people from two bargesThree barges and an oil rig with 611 personnel on board had gone adrift on Monday. These included accommodation barge P305 with 273 persons...
ONGC suspends operation at drillship Aban ICE after workers contract coronavirusThe drillship, charter hired by ONGC from contractor Aban Offshore for exploratory drilling, will be unmanned until it’s sanitized and a ne...
Global companies offer ONGC deepsea drilling rigs for KG gas findONGC is investing $5.07 billion for developing Cluster-II discoveries in KG-D5 block to flow natural gas from from June 2019 and oil by Mar...
ONGC swamped with offers for hiring deep sea rigs, expects charter rates to come downONGC has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
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 looks refinancing debt for longer tenureThe company reported increase in its profit after tax from Rs 1,938.73 mn for the period ending March 31, 2013 to Rs 3,930.65 mn for March ...
ONGC hires drilling rig for Rs 2.39 cr per dayONGC hired 'GSF Explorer' drilling rig for one year beginning July at a dayrate of USD 412,000, the oil rig contractor said in its latest f...
- Essar Oilfields reports $14.84 mn profit
Essar Oilfields Services Ltd today reported net profit of USD 15.71 million for 2012-13 as against USD 14.84 million loss in the previous f...
- Essar Shipping bags $121 million contract from ConocoPhillips
Essar Shipping, a part of Essar Group, has bagged a contract worth USD 121 million from ConocoPhillips to drill 11 offshore wells in Indone...
- BP failed to learn from past 'near misses': panel
BP's failure to learn from past "near misses" and its "insufficient consideration of risk" were major factors in the oil well blowout.
- Texas firms expanding sale, manpower from export to India
When businesses in the US are facing liquidity crisis, two small companies from Texas are not only recruiting people but also expanding sal...
- Operator says Dubai oil rig remains shuttered
The operator of the oil rig involved in last week's deadly helicopter accident off the Dubai coast said production remained halted on the p...
- Reliance, ONGC in race to hire Transocean drillships
Upstream companies Reliance Industries (RIL) and Oil and Natural Gas Corporation (ONGC) are in a race to hire drillships from Transocean, t...
- Reliance seeks 3-year drilling holiday
Reliance Industries Ltd has sought a three year drilling holiday from exploring in nine deep sea blocks it had won in NELP auctions, saying...
- Oil firms may get more time to drill wells
Government plans to extend by two years, the deadline for oil firms to drill exploratory wells in blocks awarded in previous NELP rounds du...
- ONGC has largest fleet of drilling rigs
ONGC and Reliance Industries (RIL) are in talks to share exploration infrastructure in lucrative deep sea basins.
- Oil cos draw plans to share rigs
Due to shortage of oil rigs, RIL is in talks with ONGC on sharing of infrastructure in deep-sea basins.