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ULTRA DEEPWATER BLOCKS
A deep dive with Rs 84,084 crore scheme for offshore oil and gas explorationThe Cabinet approved an ₹84,084-crore scheme for offshore oil and gas exploration. This National Offshore Exploration Scheme, Samudra Manth...01 Aug, 2026, 01.27 AM IST- Union Cabinet approves Samudra Manthan scheme, Rs 84,084 crore push for deepwater oil and gas explorationThe Union Cabinet has approved the Samudra Manthan mission with a financial outlay of Rs 84,084 crore, aimed at boosting deepwater and ultr...31 Jul, 2026, 07.24 PM IST
- Govt plans Rs 80,000 crore package to attract deepwater oil explorersIndia plans an Rs 80,000-crore incentive package for deepwater oil exploration. The government will fund up to half the cost of drilling ex...28 Jul, 2026, 05.30 AM IST
- 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...23 Jun, 2026, 01.03 AM IST
- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...12 May, 2026, 07.52 AM IST
- ‘Samudra Manthan’: What's India’s National Deep Water Exploration Mission and how offshore oil and gas can cut India’s import dependenceIndia has launched the National Deep Water Exploration Mission to boost domestic oil and gas production and reduce its heavy reliance on im...22 Dec, 2025, 06.53 PM IST
- Essar wants incentives for gas production in CBM blockEnergy major Essar Oil is expecting some incentives for exploration of gas keeping in view challenges and difficulties like deep and ultra ...13 Jul, 2016, 07.17 PM IST
- ONGC to hire global consultant to study KG block discoveriesONGC plans to hire an international consultant to study the feasibility of developing about a dozen discoveries at a KG basin block off the...15 Jan, 2014, 05.17 PM IST
- Centre dumps Nelp and proposes new oil and gas exploration modelThe government plans a non-controversial model, which will have extended tax holidays, zero royalty payment, longer contract tenure.01 Jan, 2014, 05.47 AM IST
- Management Committee to meet next week to consider commercial viability of ONGC’s gas findThe meeting has been re-scheduled due to unavailability of some of the MC members, they said. Earlier, the meeting was expected on Thursday.12 Jan, 2012, 11.31 AM IST
- RIL sublets sole drilling rig to Malaysia's PetronasReliance Industries has sublet the only deep-sea drilling rig it currently has to Malaysia's Petronas, leaving no rig deployed at any of it...25 Aug, 2011, 02.36 PM IST
- ONGC to invest $4 bn in KG blockState-owned Oil & Natural Gas Corporation (ONGC) plans to invest $4 billion to develop the ultra-deepwater gas find and produce about two t...15 Jul, 2010, 02.04 AM IST
- RIL leases ultra-deepwater drillship for explorationReliance Industries has leased a brand new ultra-deepwater drillship to boost its eastern offshore exploration campaign.10 Mar, 2010, 04.40 PM IST
- 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-1.14 Dec, 2007, 12.18 AM IST
- 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...03 Nov, 2007, 04.34 AM IST
- 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...11 Oct, 2007, 03.14 AM IST
- 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.03 Jul, 2007, 08.08 PM IST
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