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OIL RIG INDUSTRY
ONGC cancels jack-up rig tender over cartelisation fears, flags 60% spike in bid pricesState-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive prac...22 Apr, 2026, 11.55 PM IST- 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...20 Apr, 2026, 07.40 AM IST
- Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spillThe Trump administration is merging two agencies that were split after the 2010 Gulf oil spill. This move aims to boost efficiency and expe...04 Apr, 2026, 07.01 AM IST
- ONGC floats $20 billion global tender for deepwater rigsOil and Natural Gas Corporation plans a massive oil exploration program. The company will spend between $18 to $20 billion to hire deep-wat...25 Mar, 2026, 12.33 AM IST
- 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, ...27 Nov, 2024, 11.47 PM IST
- MEIL to commission 15 oil and gas rigs for ONGC by MayMegha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas rigs, expects c...08 Mar, 2022, 03.49 PM IST
- 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...18 Oct, 2021, 07.59 PM IST
- ONGC mulling to relax eligibility criteria for hiring rigs; move may risk high stake businessSo far rigs that have been lying idle continuously for three years or more were not eligible to bid for ONGC jobs due to safety concerns.11 Jul, 2016, 02.08 AM IST
- India a bright spot in the gloomy global energy industry: Jon Fredrick Muller"India is a bright spot in the gloomy global energy industry with oil giant ONGC taking a lead in upstream activities amidst the depressed ...29 Jan, 2016, 03.06 PM IST
- ONGC expensive rig hiring plans trigger speculationONGC is in the process of hiring expensive high specification rigs for jobs that can be done by the much cheaper standard rigs, triggering ...10 Dec, 2015, 04.00 AM IST
- 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.25 Dec, 2014, 11.18 AM IST
- 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...27 Jan, 2013, 01.28 PM IST
- BHEL receives orders worth Rs 900 crore from ONGCBharat Heavy Electrical Limited (BHEL) has received orders worth Rs 900 crore from Oil and Natural Gas Commission (ONGC) to supply six on-s...07 Jan, 2010, 07.43 PM IST
- Jindal Drilling in talks to build deepwater rigJindal Drilling & Industries, part of the DP Jindal Group, is in discussions with Norwegian offshore services group Sevan Marine to form a ...17 Sep, 2008, 01.14 AM IST
- Assocham wants govt to help oil cos in getting rigsGovernment can partly keep crude import bill and prices under control by supporting oil companies in acquiring rigs for exploration of dome...01 Jun, 2008, 10.24 AM IST
- Co set to re-enter oil rig businessBharat Heavy Electricals Ltd (Bhel) is making a re-entry into oil rig manufacturing business with the company expecting a Rs 680-crore orde...04 Apr, 2007, 02.24 AM IST
- BHEL eyes Rs 680 cr rig order from ONGCBHEL, which has already secured orders worth over Rs 600 crore from ONGC for refurbishing and modernisation of 15 rigs.03 Apr, 2007, 03.00 PM IST
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