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.
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.
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.
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.
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.