ONGC Hopeful of Concluding Stake Buy in Kazakh Oil Field
Friday, May 10, 2013 ONGC hopes to complete its $5.5B deal to buy a minority stake in an oil field in Kazakhstan from ConocoPhillips, and plans to raise $4 billion in foreign debt to part fund the acquisition.
ONGC Makes New Discoveries; To Invest $386M in Revamping Facilities
Tuesday, April 30, 2013 ONGC makes new oil and gas discoveries in eastern and western India and will invest $386 million in revamping some of its other facilities.
Shell, India's ONGC Hold Talks on Opportunities in India
Thursday, April 25, 2013 If talks between Shell and ONGC are successful, it would mark Shell's return to exploration in India some 16 years after it sold its 50% stake in Rajasthan assets to Cairn.
ONGC Makes Oil, Gas Discoveries in East India
Thursday, March 21, 2013 Indian state-run explorer Oil & National Gas Corporation makes new oil and gas discoveries in eastern and northeastern India.
ONGC, Oil India in Mozambique Gas Field Bid
Friday, March 15, 2013 India's Oil & Natural Gas Corporation and Oil India have jointly bid to buy a 20-percent stake in an Anadarko-operated Mozambique oil and gas field.
Oil & Natural Gas Net Profit Falls 17.5%
Monday, February 11, 2013 India's Oil & Natural Gas Corp. said its third-quarter net profit fell 17.5%, hurt by state-mandated discounts given to government-run fuel retailers.
ONGC Plan to Buy Kazakh Oil Field Stake Is a Sign of Things to Come
Tuesday, November 27, 2012 ONGC's plan to buy ConocoPhillips' Kazakh stake could herald more such deals by Indian energy cos seeking to offset declining domestic production in the face of rising energy demand.
Inpex to Buy 26% in India Offshore Exploration Block from ONGC
Monday, November 05, 2012 Inpex said it will acquire a 26% interest in exploration block KG-DWN-2004/6, offshore India, from Oil and Natural Gas Corp.
Indian Consortium Bids for ConocoPhillips Assets in Canada
Monday, September 24, 2012 A consortium of India's state-run companies have jointly bid to acquire stakes in oil-sands assets owned by ConocoPhillips in Canada that are valued around $5B.
ONGC Videsh Plans Up To $20B Investment to Boost Overseas Output
Tuesday, September 04, 2012 ONGC Videsh said it will need to invest as much as $20 billion to realize its target of a sevenfold increase in O&G output from overseas assets by 2030.
ONGC Videsh to Bid for Myanmar Offshore Blocks
Thursday, August 30, 2012 ONGC Videsh plans to bid for offshore blocks in an upcoming bidding round in Myanmar as its Southeast Asian neighbor seeks foreign investments to tap its vast unexplored O&G reserves.
India Holds Back Clearances for 52 O&G Blocks
Thursday, August 23, 2012 India is holding back clearances for more than a fifth of the exploratory blocks it has auctioned in various rounds since 1999 to domestic and overseas energy explorers due to defense, environmental and maritime boundary issues.
ONGC 1Q Net up 48%; Strikes New Reserves in Western Offshore
Monday, August 13, 2012 ONGC posted a 48% rise in its quarterly net profit, beating analyst estimates, and said it has discovered a new pool of reserves in western offshore that could significantly boost its output.
India to Allow Foreign Company Bids in Shale Gas Licensing Round
Wednesday, August 01, 2012 India will allow foreign companies to bid in its first round of shale-gas licensing, as part of efforts to fast-track exploration of unconventional resources.
ONGC to Continue Exploration in South China Sea Off Vietnam
Thursday, July 19, 2012 ONGC will continue to explore for oil and gas offshore Vietnam in the South China Sea, ignoring objections from China.
ONGC May Invest $8.8B to Acquire Assets Overseas by 2017
Friday, June 29, 2012 ONGC may spend as much as $8.8 billion over the next five years to buy O&G assets globally, Chairman Sudhir Vasudeva said told Dow Jones Newswires.
India, China Agree to Jointly Explore Energy Assets Overseas
Tuesday, June 19, 2012 ONGC and China National Petroleum will jointly explore assets in other countries, while cementing existing partnerships in Myanmar, Syria and Sudan.
Newbuild Jackups Set to Sail
Monday, April 30, 2012 Advanced shallow water drilling activity is forecast to rise, which demands more sophisticated jackups.
Compensation Tracker: Working in Asia Pacific
Monday, April 30, 2012 According to Rigzone's Compensation Tracker, oil and gas professionals working in Australia enjoyed the largest year/year gains in compensation among the world's energy producing regions.
ONGC, ConocoPhillips Sign Pact on Shale Gas, Deepwater Exploration
Friday, March 30, 2012 ONGC and ConocoPhillips signed an agreement to screen opportunities for jointly exploring and developing shale-gas reserves in India and N. America and deep-water blocks along India's east coast.