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ONGC DEEPWATER
ONGC rebrands itself as ‘gas and oil’ firm as natural gas output overtakes crudeState-run ONGC is shifting its focus, now prioritizing natural gas over crude oil. Chairman Arun Kumar Singh announced that gas production ...- ONGC bets on gas-led growth as premium pricing boosts profitabilityONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantl...
- Bangladesh launches fresh offshore oil, gas tender with sweeter terms for foreign firmsBangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and les...
- Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...
- 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...
- Government may cap ONGC new well gas amid distributor concernsThe government is considering a price cap on ONGC's 'new well gas' following a 58% surge to $12.91 per mmbtu, driven by city gas distributo...
- Drill India drill: Iran war triggers India’s boldest hunt for oilThe Iran war has pushed countries to prioritise energy self-reliance, with India accelerating an already underway shift toward boosting dom...
- 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...
- India's top oil explorer ONGC signs MoU with France's TotalEnergiesIndia, the world's third biggest oil importer and consumer, ships in over 85% of its oil from overseas. The country wants to quickly moneti...
- ONGC, RIL may use surplus KG-D6 equipment for other deepwater wellsONGC & RIL may use surplus infrastructure at the KG-D6 block for their deepwater discoveries in nearby blocks.
- Team ONGC proves viability of 2.7tcf Mahanadi blockOil & Natural Gas Corp (ONGC)-led consortium of state-owned energy firms has proved commercial viability of its Mahanadi gas find.
- Petrobras to pick 40% in ONGC’s Mahanadi deepwater gas blockBrazilian oil major Petrobras is picking up a 40% stake in a Mahanadi deepwater block where ONGC has recently made another gas discovery. O...
- BG eyes 30% in ONGC's KG blockBritish oil major British Gas is all set to pick up a 30% stake in ONGC’s KG basin block (KG-DWN-98/4) and 25% in Mahanadi basin block (MN-...
- ONGC seeks rig from global oil firms for KG block workONGC 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.
- RIL gets Transocean rig for $935 mn, to form JVReliance Industries (RIL) will hire a ultra-deepwater drillship ‘Deepwater Pacific 1’ from the world’s largest offshore drilling contractor...
- Reliance, ONGC in race to hire Transocean drillshipsUpstream companies Reliance Industries (RIL) and Oil and Natural Gas Corporation (ONGC) are in a race to hire drillships from Transocean, t...
- Norsk Hydro to take 10 pc in ONGC gas fieldNorway's Norsk Hydro agrees to take a stake in ONGC's gas discovery block off the east coast.
- ONGC plans to pick 33% in Shell’s Egyptian gas blockOil and Natural Gas Corporation (ONGC) is firming up a proposal to buy up to 33% in an Egyptian deepwater gas block from operator Royal Dut...
- ONGC eyes foreign partner for KGThe company has initiated discussions with ENI of Italy, Brazil’s Petrobras and UK major BP and BG Group.
- Oil cos draw plans to share rigsDue to shortage of oil rigs, RIL is in talks with ONGC on sharing of infrastructure in deep-sea basins.
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