ONGC

Recent Articles

India Launches Auction for 67 Small Oil, Gas Fields Under a New Bid Scheme
Thursday, May 26, 2016 India launches a new bid round to invite investors to participate in the exploration and production at 67 small oil and gas fields in the country.
India's ONGC Reports 12% Rise In Q4 Profit, Beating Estimates
Thursday, May 26, 2016 Oil and Natural Gas Corp, India's biggest oil explorer, reports a surprise 12 percent rise in 4Q net profit, helped by a one-off gain.
JDR Bags Subsea Deal from GE Oil & Gas for India's Vashishta & S1 Project
Wednesday, May 25, 2016 JDR bags a subsea contract from GE Oil & Gas for the Oil & Natural Gas Corp.-operated Vashishta & S1 project offshore India's east coast.
ONGC Plans to Drill 17 Exploration Wells in India's Shale Oil, Gas Blocks
Tuesday, April 26, 2016 ONGC intends to drill up to 17 shale oil and gas exploration wells in India for around $105 million.
Transocean Bags Deal for Actinia to Drill Offshore India for ONGC
Friday, April 22, 2016 Transocean bags a three year contract from ONGC for the Actinia semisub to work offshore India.
ONGC to Use PMT JV's Abandoned Facilities for Daman Project Offshore India
Friday, April 15, 2016 ONGC will use some facilities abandoned by the Panna-Mutka-Tapti joint venture for the Daman Development Project offshore India's west coast.
Fugro Lands ROV Services Contract from ONGC
Thursday, April 14, 2016 Fugro lands a remotely operated vehicle services contract from India's Oil and Natural Gas Corp. to work off the country's east coast.
Reliance, BG to Hand over Some Indian Drilling Assets to ONGC
Wednesday, April 13, 2016 A joint venture led by India's Reliance Industries and BG Group has agreed to hand drilling infrastructure from an abandoned gas field to ONGC Ltd.
India Echoing Pre-Boom China As New Center Of Oil Demand Growth
Friday, April 08, 2016 In the energy world, India is becoming the new China.
ONGC's Cluster 12 Project May Provide Some Relief for the Services Sector
Thursday, March 31, 2016 The decision by ONGC to develop the $5B Cluster 12 project off India may provide some relief for the services sector.
ONGC Board Approves $5B Investment In East Coast Oil And Gas Asset
Monday, March 28, 2016 Oil and Natural Gas Corporation approves an investment of about $5B over the next few years in its east coast oil and gas asset, in a bid to boost production and benefit from a change in government policy.
India's ONGC Eyes Tie-up With Foreign Service Providers To Boost Output
Thursday, March 17, 2016 Oil and Natural Gas Corp. plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman says.
Rosneft Spuds PLDD-1X Well in Vietnam's Nam Con Son Basin with Hakuryu-5
Wednesday, March 09, 2016 Rosneft spuds the PLDD-1X exploration well in Block 06.1 in the Nam Con Son basin, offshore Vietnam with the HAKURYU-5 semisub.
India to Enhance Investment Appeal to Boost Domestic Oil, Gas Production
Tuesday, February 16, 2016 India plans to enhance its investment appeal to boost local oil and gas production, Minister of Petroleum and Natural Gas Dharmendra Pradhan says.
Sources: India's ONGC Aims For New Drilling Contracts In Cost-Saving Drive
Thursday, February 11, 2016 India's Oil and Natural Gas Corp hopes to agree new cheaper drilling contracts for its western offshore fields, two sources involved in the matter say, in its biggest ever cost-saving drive in response to lower crude prices.
Minister Urges Industry to Boost India's O&G Output in Low Cost Environment
Wednesday, November 25, 2015 India's Minister for Petroleum & Natural Gas Dharmendra Pradhan urges the petroleum sector to capitalize on reduced industry costs to increase domestic oil and gas production.
India's ONGC Posts 2Q FY16 Net Profit of $726.3M, Down 11.1% YOY
Monday, November 09, 2015 India's ONGC posts a net profit of $726.3 million for second quarter 2016 that ended Sept. 30, down 11.1 percent from last year's $816.7 million.
Oil Price Recovery Seen as Downturn Spurs M&A Activity
Monday, November 02, 2015 Global oil and gas acquisitions should accelerate heading into 2016 and a recovery in crude prices may follow, according to Sanford C. Bernstein & Co.
Aban Offshore Inks Deal to Provide Aban II to ONGC for $50M
Tuesday, October 27, 2015 Aban Offshore to provide the Aban II jackup to ONGC for $50 million over a three year contract.
Big-Oil Spending Cuts Lower Costs at Top India Explorer ONGC
Wednesday, October 07, 2015 The worst commodity slump in a generation has a silver lining for India's state-run energy explorer.