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ONSHORE DISCOVERY
India extends bidding deadline for deepwater oil and gas blocks for sixth timeIndia has extended the bidding deadline for deepwater and ultra-deepwater oil and gas blocks under the OALP-X and OALP-XI rounds to Septemb...- PM Modi in Mann Ki Baat: Highlights wind energy milestone; says India crosses 56 GW capacityIndia has achieved a significant milestone in wind energy. The nation's wind generation capacity has now surpassed 56 gigawatts. This place...
- Rupee edges higher as optimism over Iran peace deal firmsThe Indian rupee closed slightly stronger on Thursday on growing optimism over a potential deal to end the Iran war, which kept oil prices ...
- Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
- RBI moves to curb rupee volatility after sharp FY26 slideThe Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatil...
- Indian oil majors strike it rich again in Abu Dhabi blockA major announcement has emerged from the combined forces of Indian Oil Corporation and Bharat Petroleum Corporation regarding newfound oil...
- Indian Oil finds unconventional oil resources in Abu DhabiIndian Oil and Bharat Petroleum Corporation Limited have made significant oil discoveries in Abu Dhabi. Testing of Onshore Block 1 has conf...
- Vedanta eyes production boost in Gujarat, submits plan for 2,000+ barrel/day onshore discoveryVedanta has signed a commercial gas sales agreement for gas off-take from this field. During the appraisal phase, Jaya's gas was evacuated ...
- RBI expansion of NDF access to help manage Indian rupee volatility - analystsWhen rupee fell to a record low in October 2022, the USD/INR 3-month rate on NDF was about 40 paisa higher than onshore. This fuelled more ...
- New RBI paper takes forward discussion on links between NDF, onshore forex marketThe NDF market essentially permits investors to trade in non- or partially convertible currencies (such as the Indian rupee) with the settl...
- Usha Thorat panel suggests liberal currency market for offshore usersLarge volumes in the offshore market reflect the fact that the interest in rupee is far larger than what is evident in onshore currency mar...
- ONGC's onshore domestic crude production rises 2.4 pc in FY17ONGC Chairman and Managing Director D K Sarraf today also said that the last fiscal year has been "excellent" one as the company had as man...
- ONGC looking at option to hire RIL infrastructure: M Veerappa MoilyONGC "is evaluating various short-term and long-term options, including sharing of infrastructure with RIL," Veerappa Moily said.
- ONGC's deep water discoveries to start production in 5 years: Sudhir VasudevaSudhir Vasudeva today said the state-run oil and gas behemoth was aiming at converting some of the deep water discoveries to production by ...
- Cairn India made oil discovery in Krishna-Godavari basin blockA Vedanta group company, has announced an oil discovery in its onshore block in the KG basin where it had made a gas discovery.
- ONGC outdoing private cos in exploration on the west coastPublic Sector Oil and Gas behemoth ONGC is outdoing the private companies in exploration on the west coast of the country, a top official s...
- ONGC Plans to spend Rs 475 Crore in exploration at Gujarat and Rajasthan FieldsPB Pandey, basin manager of Western Onshore Basin of ONGC informed that the Basin has a target to drill 49 exploratory wells in the current...
- 'We will invest Rs 60k cr to increase production'Concerns remain around dip in production, but RS Sharma, chairman and managing director of ONGC, is confident that efforts to augment will ...
- ONGC made 28 oil & gas discoveries in 2008-09The 28 discoveries include Charada structure and Matar field in Cambay basin (Gujarat) and YSAF in KG basin (off Andhra Pradesh coast).
- ONGC performance set to slip on sinking onshore outputONGC's production from its onshore assets is likely to report a 7% fall in crude oil and 1% in natural gas.
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