November 29, 2023
The spotlight at IEW 2024 will demonstrate India's intricate energy landscape, characterized by a diverse energy mix, rapid growth in renewable energy, challenges related to energy access, urbanization, and economic development, all within the context of addressing climate change.
McDermott awarded “significant” contract for one of India’s largest subsea projects worth up to $250 million
November 08, 2023
McDermott will perform the transportation and installation of a central processing platform (CPP) and living quarters. Once installed, the CPP will be used to process wet gas which will then be transferred from the platform to an onshore terminal.
August 30, 2023
Transocean Ltd. announced that Oil and Natural Gas Corporation Ltd awarded the Dhirubhai Deepwater KG1 a binding Notification of Award for work offshore India.
June 30, 2023
The start of gas and condensate production from the MJ field follows the start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021. All three developments utilize the existing hub infrastructure for the block.
April 11, 2023
India, with a fast-growing appetite for crude, is eager to reduce its fuel import bill and bolster energy security and has encouraged companies like state-controlled ONGC to do more to tap domestic oil and gas reserves.
March 13, 2023
Government authorities have asked banks and traders to adhere to the rules, the people said, declining to be identified as the information isn’t public. Indian officials have not gone on the record to say they will support sanctions and the price cap imposed by the Group of Seven nations on Russia.
December 14, 2022
Searcher applied its proprietary post-stack reprocessing method which rectifies navigation, metadata, amplitude, phase and time to create a regional dataset that allows for an extremely cost-effective ranking of the acreage.
November 10, 2022
India is suddenly facing an LNG glut as the nation’s customers rush to alternatives to pricey natural gas. Scheduled LNG deliveries may need to be delayed as storage tanks are nearing maximum capacity, traders said.
August 12, 2022
Oil & Natural Gas Corp.’s profit beat estimates to rise more than three times after oil prices surged in the wake of Russia’s invasion of Ukraine and an increase in local gas prices.
July 03, 2022
India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India reported.
July 01, 2022
India slapped taxes on fuel exports and local crude oil production to tap windfall gains from surging global prices.
June 28, 2022
A helicopter carrying nine people near India’s Oil and Natural Gas Corporation’s Sagar Kiran offshore rig landed in the Arabian Sea on Tuesday morning, killing four.
May 29, 2022
Oil & Natural Gas Corp.’s profit rose 32% in the fourth quarter but missed estimates as an increase in government levies ate into the gains from soaring oil prices after Russia’s invasion of Ukraine.
Polymer flooding actually dates back to the 1970s and 1980s, but it is enjoying a resurgence of usage, thanks to more recent results in projects.
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
December 27, 2021
The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India.
December 07, 2021
The United Arab Emirates and Reliance Industries Ltd. agreed to build a $2 billion petrochemical plant, the Indian company’s first such investment in the Middle East.
November 01, 2021
OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasoline prices.
October 29, 2021
For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ cartel, warned that $100 a barrel was a distinct possibility, the alarm bells really started ringing.
September 21, 2021
Aberdeen-based global well engineering and drilling project management firm Norwell Engineering has won a lucrative contract worth more than $30 million with ONGC, India’s national oil company.