Recent Articles

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.
New Govt Policy Induces ONGC to Consider Bids for Marginal Fields in India
Thursday, September 17, 2015 ONGC to consider bids for marginal oil and gas fields in India after the unveiling of a new government policy that made such developments more viable.
India To Change Oil, Gas Exploration Rules; Offers Small Fields
Wednesday, September 02, 2015 India will auction 69 small and marginal oil and gas fields surrendered by state explorers, Oil Minister Dharmendra Pradhan says.
Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.
ONGC Said to Seek $900 Million Stake in Rosneft Vankor Field
Friday, August 14, 2015 India's ONGC is seeking through its overseas unit to buy a stake in Russia’s second-largest oil producing development from Rosneft, according to two people with direct knowledge of the plan.
India's ONGC 1Q Net Profit Up 14% on Lower Discounts to Refiners
Thursday, August 13, 2015 India's state oil company ONGC reports a 14-percent jump in quarterly net profit.
India to Use Market Pricing for Part of Future Gas Finds in Complex Fields
Tuesday, August 11, 2015 India plans to introduce a new market price formula for part of future gas finds made in challenging environment, according to the country's Petroleum and Natural Gas Minister.
SapuraKencana Bags $212M Deal for Mumbai High South Redevelopment Project
Tuesday, July 14, 2015 SapuraKencana Petroleum bags a $211.95 million contract from ONGC for the Mumbai High South Redevelopment Phase III project offshore India's west coast.
Oil Service Firms Jostle For India Orders Amid Global Spending Cuts
Thursday, July 09, 2015 Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices.
BG Commences Oil Production from Mukta-B Platform in India's Bombay Basin
Thursday, July 09, 2015 BG commences oil production from the Mukta-B platform in India's offshore Bombay basin.
ONGC to Cut Gas Production in Arabian Sea Due to Pipeline Repair Work
Monday, July 06, 2015 India's ONGC will temporarily reduce production at its largest gas fields in the Arabian Sea due to repair work at an offshore pipeline that transport gas to shore, a local daily says.
LTHE Bags $426M Contract for India's Bassein Development Project from ONGC
Thursday, June 25, 2015 L&T Hydrocarbon Engineering bags a $426.26 million engineering, procurement, construction and installation contract for the Bassein Development Project in western offshore basin, India from ONGC.
Aqualis Offshore Secures ONGC Services Contract
Friday, June 12, 2015 Aqualis Offshore secures a contract to provide marine warranty services to Oil and Gas Corporation Limited (ONGC) offshore India.
ONGC to Spend $6.5B to Boost Oil & Gas Production in India
Monday, June 08, 2015 ONGC intends to spend around $6.51 billion to develop new fields and redevelop mature fields in India to boost its oil and gas production, according to a local daily.
Working for Asian National Oil Companies - An Attractive Choice?
Wednesday, May 06, 2015 With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.
Official: India to Auction 69 Marginal Fields Owned by ONGC, Oil India
Tuesday, April 21, 2015 India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp and Oil India Ltd, the country's oil secretary says.
ONGC Fights Fire at Olpad-31 Gas Well in India, 12 Injured
Monday, April 20, 2015 ONGC engages Boots & Coots for help in controlling a fire that broke out Saturday at Olpad-31 gas well near Surat in India which injured 12 persons.
Essar Plans Exploration Drilling in Two Offshore Blocks in India, Vietnam
Tuesday, April 14, 2015 Essar plans to drill exploration wells at two offshore blocks in India and Vietnam around September/October, according to a senior company official.
ONGC Capitalizes on Lower Oil Field Services Rates for Projects Off India
Monday, April 06, 2015 ONGC capitalizing on lower rates for oil field services to press on with its exploration and production projects offshore India.