India’s top oil explorer plans $12bn green energy spend
India’s Oil and Natural Gas Corp. aims to invest 1 trillion rupees ($12.1 billion) by 2030 in a bid to balance its fossil fuel-heavy energy portfolio with green projects.
Oil & Natural Gas Corporation’s (ONGC)
Worker missing after falling into water at ONGC’s Mumbai High
Indian police are investigating after an engineer working at ONGC's Mumbai High platform reportedly fell overboard last week, amid allegations of foul play.
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.
Despite turmoil, POSCO sends Transocean deep-water rig to Myanmar
Despite the political and social turmoil in Myanmar, South Korea’s Posco International is sending a second deep-water drilling rig to the troubled Southeast Asian state to continue development work at the Shwe gas field.
India’s ONGC to boost deep-water KG gas volumes
India’s state-backed Oil & Natural Gas Corporation (ONGC) is set to boost deep-water gas production from the Krishna Godavari (KG) basin to between 2.5 million and 3 million cubic meters per day (cm/d) by May this year.
India courts ExxonMobil with upstream offer
The Indian government is trying to persuade ExxonMobil to take stakes in offshore acreage controlled by state-backed Oil & Natural Gas Corporation (ONGC).
Chinese energy firms set to benefit from Myanmar turmoil
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
McDermott concludes double installation and startup on Indian oil fields
Offshore engineering firm McDermott announced today that it has completed installation and startup on the Vashishta and S1 field contracts, off the east coast of India.
Kreuz Subsea wins multi-million India contract
Singapore-based subsea service firm, Kreuz Subsea, has announced a substantial multi-million contract award with Indian multinational conglomerate, Larsen & Toubro (L&T).