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OIL RIGS
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- In 1859, Robert Chesebrough saw oil workers scraping sticky rod wax from drilling rigs, and it wasn’t just waste: It became VaselineA chemist named Robert Chesebrough discovered petroleum jelly in the 1800s. He saw value in a sticky wax that oil workers discarded. Cheseb...
- 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...
- Donald Trump is getting the Republican Party that he wants. But can he win in the midterms?President Trump's strong influence in Republican primaries presents a challenge for the party's upcoming midterm elections. Voters are repo...
- Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They...
- Deep under China's coal basins, PetroChina is unlocking gas from rocksChina is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar...
- Russia approves law permitting drones to be shot down over oil and gas rigs in Caspian Sea, Ifx reportsRussia's second-largest oil producer Lukoil extracts oil at two major projects in the Caspian Sea - the Filanovsky and Korchagin fields, w...
- 'An economic storm is coming': Rahul Gandhi warns of massive financial shock to common peopleRahul Gandhi on Tuesday accused the Centre of creating an economic structure that benefits select billionaires and warned that India is hea...
- India crude oil production falls for 11th year, gas declines againIndia's crude oil and natural gas production continued to decline in 2025-26 due to ageing fields and a lack of new discoveries, increasing...
- 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...
- 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 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...
- Drillmec India bags oil rig orders worth $1.5 billion from Oil India & ONGCThe US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd amounting to $ 143 million for five land based oil d...
- MEIL hands over second oil rig to ONGC; to supply 21 more by 2022The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC for the supply of 47 ...
- Guar farmers cheer oil rig rise in North AmericaRise in oil rig count in N America has pushed up guar seed and guar gum prices in past 3 months; crude price rise is also boosting the dema...
- Safety audit discovers loopholes in two ONGC rigsAn audit of ONGC's offshore jack up drilling rigs have revealed loopholes in safety measures in at least two of its drilling rigs, a senior...
- China’s CNPC eyes oil rigs in IndiaChina National Petroleum Corporation (CNPC) - a leading global integrated energy player - is poised to enter the oil rigs business in India.
- 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...
- BHEL may recast oil rig businessWith increase in oil exploration activity worldwide due to rising price of crude, state-owned engineering major BHEL is considering revivin...
- 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...
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