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RIGS SHORTAGE
South Korea to overhaul election process after ballot shortage shocks countrySouth Korea is set to reform its election system following ballot paper shortages during recent local polls. The incident sparked public an...- 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...
- Global rigs shortage delays Indian oil and gas exploration projectsIndian explorers are finding it hard to source rigs, especially jack-up rigs, for their projects, as high oil prices have pushed up explora...
- Government examining CAG report on irregularities in ONGC hiring rigThe company drilled seven ultra-deep wells using DDKG-1 rig till December 2010. Of these seven well, three were appraisal wells, drilled to...
- Govt clears 3-yr drilling moratorium for oil explorersFaced with global shortage of offshore drilling rigs, the government decided to give a three-year drilling holiday or moratorium to firms s...
- RIL threatens to pull out of explorationReliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the a...
- Govt may soon give way to 3-yr drilling holidayFaced with a global shortage of offshore drilling rigs, the government may this month decide on giving a three-year drilling holiday or mor...
- Oil Ministry moves Cabinet for drilling holidayFaced with a global shortage of offshore drilling rigs, the Petroleum Ministry has asked the Cabinet for a three-year drilling holiday or m...
- 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...
- 21 oil hunters to pool services and equipment to slash costs21 oil and gas operators including BP, ENI, BG, Cairn, Hardy, RIL and ONGC have decided to form a joint pool of scarce equipment and servic...
- Rig shortage may get oil cos tax holidayThe government is considering a three-year rig exploration holiday for oil companies digging for hydrocarbons in the country.
- 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...
- Reliance seeks 3-year drilling holiday as rig shortage biteReliance Industries has sought a three-year drilling holiday from exploring in nine deep-sea blocks it had won in NELP auctions, saying it ...
- Oil firms facing shortage of rigs, skilled manpower: AssochamThe E&P companies are facing manpower crunch to an extent of 40 per cent which has resulted into inordinate delays of their hydrocarbons di...
- Shortage hit oil cos share rigReliance, ONGC and Eni have mandated Rig Management Norway to contract a rig on their behalf.
- Soaring charter rates force oil exploration giants to buy rigsIndia’s hunt for new energy sources has hit an unforeseen obstacle: dearth of operational rigs.
- RIL loses exploration rig to ONGC, faces project delaysIt is one of those rare cases of a public sector company beating a private sector competitor to clinch a deal.
- ONGC has largest fleet of drilling rigsONGC and Reliance Industries (RIL) are in talks to share exploration infrastructure in lucrative deep sea basins.
- 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.
- Rig shortages force RIL to curtail drill planReliance Industries will drill lesser number of wells than committed earlier on its prolific D6 block in Bay of Bengal before production st...
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