ONGC

Recent Articles

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.
Energy Importer India Apprehensive About Higher Oil Prices
Monday, October 05, 2015 India is apprehensive about potential rise in oil prices due to the record reduction in upstream investment, a development cited by the head of the International Energy Agency recently.
Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015 Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.
India Draws Attention from Drilling Firms; Focuses on ONGC Tender
Tuesday, September 29, 2015 Drilling firms show keen interest in the Indian market, with attention focused in a tender by state-owned ONGC, local media says.