Dolphin Drilling lands $154m deal with Oil India
Dolphin Drilling (OSLO: DDRIL) has been awarded a $154 million drilling contract from Oil India for the Blackford Dolphin semisubmersible drilling rig.
Oil India
India’s ONGC eyes more Russian oil and gas assets
India’s state-backed Oil & Natural Gas Corporation (ONGC) (NSE:ONGC) is considering placing more offers for Russian energy assets that western majors, such as Shell (LSE:RDSA), BP (LON:BP), and ExxonMobil (NYSE:XOM), are seeking to divest following Russia’s invasion of Ukraine, the Economic Times reported yesterday.
South Asia steps up efforts to follow global energy transition
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Petroneft revenue plummets as production struggles
Petroneft Resources has posted a pre-tax loss for 2015 of $7.7million after its work programme delivered only a small rise in production.
PetroNeft investor claims board has “squandered” $250million
The activist shareholder attempting to oust the majority of PetroNeft Resources board has it of squandering almost $250million.
Rosneft signs MOU with Oil India and Indian Oil Corp
Rosneft has signed an MOU (Memorandum of Understanding) with Oil India and Indian Oil Corp.
PetroNeft heralds “transformative year”
PetroNeft has heralded its “transformative year” in the wake its of Oil India farmout deal. The firm, which owns and operates licences 61 and 67 in the Russian basin, confirmed plans to move ahead with production in its latest company results.