Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They...

Rahul Gandhi on Tuesday accused the Centre of creating an economic structure that benefits select billionaires and warned that India is hea...

State-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive prac...

India's offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders f...

Indian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up explora...

Earlier 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...

Out of 47 Rigs, there are 20 Workover Rigs-(used to perform workover operations in a well) and 27 Land Drilling Rigs.

State-run explorer looks at replacing nearly half of its ageing 67 onshore drilling rigs, floats tender seeking bids by November 14.

After bottoming out in May 2016 after oil prices had fallen below $30 a barrel, the number of US oil rigs has almost tripled.

The company, which owns 16 rigs used for drilling of oil and gas, is expected to end the current fiscal with a revenue of Rs 300 crore, up ...

ONGC had planned to hire nine rigs through nomination, apparently to save time in the hiring process, in 2015, but didn’t go ahead after ET...

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...

ONGC is in talks with global oil firms StatOil, Norway’s Norsk Hydro among others, to secure an ultra deepwater rig for drilling well UD-1.

Gremach Infrastructure has inked a $1-billion contract with Baoji Oilfield Machinery (Bomco) - a 100% subsidiary of CNPC - for importing on...

The co is working aggressively to corner rigs across the world, either by leasing them or by simply buying.

Bharat Heavy Electricals Ltd (Bhel) is making a re-entry into oil rig manufacturing business with the company expecting a Rs 680-crore orde...

Public 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...