Recent Articles

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.
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.