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Recent Articles

Hallin Supports Subsea 7 in Offshore Installation Work in Bay of Bengal
Thursday, April 17, 2014 Hallin Marine provides installation support for Subsea 7 on a subsea field development project in the Bay of Bengal offshore India.
ONGC Appoints Anil Bhandari as Director (Exploration) of OVL
Friday, March 21, 2014 ONGC appoints Anil Bhandari as director (Exploration) of its overseas upstream unit ONGC Videsh.
Executives: ONGC, Oil India Complete $873M Stake Buy in IOC
Friday, March 14, 2014 India's ONGC and Oil India complete the purchase of a 10-percent stake in state refiner India Oil Corp for $873 million.
ONGC Makes Four Discoveries in India in 3Q of FY2014
Monday, February 17, 2014 ONGC makes four new discoveries in India during the third quarter of fiscal year 2013-2014 that ended in December.
Indian Firm Signs Contracts To Explore For Oil, Gas Off Bangladesh
Monday, February 17, 2014 ONGC Videsh signs two production sharing contracts (PSC) to explore oil and gas in Bangladeshi waters.
India's ONGC 3Q Profit Beats Estimates On Writeback, Forex Gains
Thursday, February 13, 2014 ONGC beat expectations with a 28% rise in 3Q profit buoyed by a one-time provision writeback and forex gains from a weakened rupee.
Minister: Russia Offers Stake in 10 Exploration Blocks to India's ONGC
Friday, February 07, 2014 Rosneft offers stakes in 10 exploration blocks to India's ONGC, according to the southern Asian country's junior oil minister.
ONGC Appoints Tapas Kumar Sengupta as Director (Offshore)
Tuesday, February 04, 2014 ONGC appoints Tapas Kumar Sengupta as Director (Offshore) to succeed P K Borthakur.
ONGC, Mitsui Sign MOU to Jointly Explore, Produce Hydrocarbons Globally
Monday, January 27, 2014 ONGC and Mitsui sign a memorandum of understanding for cooperation in the exploration and production of conventional and unconventional petroleum and natural gas opportunities in India and third countries.
Japan's Chubu, Mitsui in Energy Tie-ups With India Firms
Friday, January 24, 2014 Chubu Electric Power and Mitsui are set to sign memorandums of understanding with Indian firms to cooperate in the energy sector, industry sources say.
Minister: India Approves 10% IOC Stake Sale to State Oil Firms
Thursday, January 16, 2014 The Indian government approves the sale of a 10-percent stake in state refiner Indian Oil Corp to state exploration firms ONGC and Oil India.
ONGC Plans to Spend $9B to Develop Upstream Assets in India's KG Basin
Monday, January 06, 2014 ONGC plans to spend over $9 billion to develop the petroleum resources in Block KG-DWN-98/2 in the Krishna Godavari basin off India's east coast by 2017-2018, according to a local media report.
Rosneft, Foreign-Led Firms Boost Russian Oil Output to Post-Soviet Record
Monday, December 02, 2013 Rosneft boosts Russian oil output to post-Soviet record with the help of foreign-led companies.
ONGC, BHP Should Consider Collaboration in Exploring 9 Blocks in India
Wednesday, November 27, 2013 India's Petroleum Minister suggests that ONGC and BHP Billiton should consider forming a partnership to explore nine oil and gas blocks in the country after the firm recently relinquished the blocks.
India's ONGC 2Q Net Profit Nearly Flat At $953M
Wednesday, November 13, 2013 Quarterly profits at Indian explorer ONGC are nearly flat due to exploration write offs and a greater subsidy burden.
Brazil Gears Up for Big Oil Auction Amid Heavy Security
Monday, October 21, 2013 Brazil gears sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.
India's ONGC Interested in Russia's Arctic Offshore
Monday, October 21, 2013 Indian state-owned oil company ONGC is interested in exploring for oil and gas in the Arctic offshore with Russian partners, leaders of the two countries said after summit talks in Moscow.
India's ONGC to Buy 12% of Brazil Block from Petrobras for $529M
Monday, October 14, 2013 Indian state oil firm ONGC agrees to buy an additional 12-percent stake in a Brazilian oil block from Petrobras for $529 million.
GOL Inks $115M Contract with ONGC to Reconstruct 2 Offshore Gas Platforms
Thursday, October 10, 2013 GOL Offshore inks a $115.2 million contract to reconstruct two offshore gas processing platforms located off the west coast of India for Oil and Natural Gas Corporation.
India Firms Relying on Foreign Companies for Domestic Shale Drilling
Friday, October 04, 2013 ONGC and Oil India Ltd. will tap the expertise of foreign firms to hunt for shale oil and gas in the energy-hungry nation, officials at the two firms say.