ONGC scores Mumbai Offshore finds, minister backs expansion
ONGC intends to unlock the “vast potential of India's hydrocarbon resources along with reserves accretion, strengthening the nation's energy security”.
ONGC
Top driller bets on deepwater oil as India seeks to stem imports
India’s Oil and Natural Gas Corp. is preparing to bet billions of dollars on deepwater and ultra-deepwater exploration, boosting spending in a push that could help one of the world’s top oil importing nations reduce reliance on overseas supply.
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.
$24bn subsea spend eyed in Asia Pacific over next five years
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
India cheers key milestone for ONGC deepwater KG block
India’s Oil & Natural Gas Corporation (ONGC) has hit a key milestone for its giant KG-DWN-98/2 deep-water development in the Krishna Godavari (KG) basin offshore India’s east- coast.
ExxonMobil completes Russia exit, says operation was expropriated
ExxonMobil (NYSE:XOM) has completed its exit from Russia, calling the departure an “expropriation” of its main Russian operation and potentially setting up a future legal challenge.
Putin orders ExxonMobil-led Sakhalin-1 project transferred to Russian entity
President Vladimir Putin signed a decree to transfer operations of the Sakhalin-1 oil and gas project to Russia, a move that could lead to the final withdrawal of ExxonMobil from the nation’s Far East.
Chevron to assess exploration potential in India with ONGC
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
ExxonMobil teams up with India’s ONGC for deepwater exploration
ExxonMobil (NYSE:XOM) and India’s Oil & Natural Gas Corporation (ONGC) have signed a heads of agreement covering deepwater exploration off the east and west coasts of India. The news bodes well for ONGC, which recently pledged to boost exploration investment by 150% to $4 billion.
India’s ONGC Videsh, Indian Oil weigh stake in Tullow’s $3bn Kenya project
ONGC Videsh and Indian Oil Corp are in talks to acquire a stake in Tullow Oil Plc’s $3.4 billion project in Kenya, according to people with knowledge of the matter.
India’s ONGC teams up with Greenko for $6.2bn green hydrogen and renewable energy projects
India’s state-backed Oil & Natural Gas Corporation (ONGC) and joint venture partner Greenko could invest up to $6.2 billion on Indian renewable energy and green hydrogen projects under the terms of an agreement signed this week, Press Trust of India (PTI) reported.
Four dead as ONGC helicopter ditches in sea off India
Four people have died after a helicopter ditched in the Arabian Sea Tuesday morning, the state oil company of India has confirmed.
India’s GAIL seeks long-term LNG deal, eyes expanding ties with Russia’s Gazprom
India's state-run gas utility GAIL is seeking a one million tonne per year (t/y) liquefied natural gas (LNG) import deal for ten years starting 2023 to help meet the country's expanding demand for cleaner fuels amid increasing energy consumption, said the company’s chairman Manoj Jain earlier this week.
India’s ONGC pledges to boost exploration investment by 150% to $4bn
India’s Oil & Natural Gas Corporation (ONGC) said it targets to boost exploration investments by 1.5 times in the next three years to $4 billion. Significantly, ONGC is heading the South Asian nation’s oil and gas hunt in unexplored areas and is seeking international partners to bring challenging fields to production to make up for the falling output from its ageing fields.
Top India explorer ONGC’s profit misses as levies weigh on oil gains
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.
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.
India’s ONGC and Equinor team up for clean energy, E&P
India’s Oil and Natural Gas Corporation Limited (ONGC) and Norway’s Equinor will collaborate in the areas of upstream exploration and production (E&P), midstream, downstream, and clean energy options, including carbon capture utilisation and storage (CCUS) in India, after the pair signed a memorandum of understanding (MoU).
ExxonMobil declares force majeure on Russian operations at Sakhalin
ExxonMobil said Wednesday that it has declared force majeure for its Sakhalin-1 operations in Far East Russia after it became too difficult to ship crude oil due to sanctions, reported Reuters.
BP courts Chinese and Indian energy majors in bid to offload Russia assets
BP has reached out to state-backed firms in Asia and the Middle East as it searches for a way to offload its Russian assets.
India seeks to sell 1.5% stake in ONGC
India plans to sell as much as 1.5% stake in state-run Oil & Natural Gas Corp., via an offer for sale starting Wednesday, according to an exchange filing.
McDermott delivers largest subsea project in Asia Pacific for India’s ONGC
US engineering giant McDermott has delivered the first ever pipe-in-pipe flowline for production in India as part of Oil & Natural Gas Corporation’s (ONGC)'s KG-DWN 98/2 project in the Krishna Godavari (KG) basin off India’s eastern coast. Significantly, the development is the largest and one of the most complex subsea projects in Asia Pacific, involving major subsea infrastructure installation in ultra-deepwater.
ExxonMobil talks over deepwater deals with India’s ONGC
ExxonMobil (NYSE:XOM) is reportedly discussing acquiring stakes in some deepwater fields from state-backed India’s Oil and Natural Gas Corporation (ONGC).
Norwell Engineering wins £20million contract with ONGC on giant India deepwater project
Aberdeen-headquartered Norwell Engineering has landed a contract worth more than £20million with ONGC on one of the world’s largest deepwater projects.
India energy firms discuss buying Arctic LNG 2 stake
India’s top energy companies, Petronet LNG Ltd. and ONGC Videsh Ltd., are having discussions about buying a stake in Russia’s planned liquefied natural gas project Arctic LNG 2, as their government seeks to secure supplies of the cleaner burning fuel.
ONGC pumps first gas from U1B deep-water well off India
Indian state-backed Oil & Natural Gas Corporation (ONGC) has pumped first gas from its deep-water U1B well off India’s eastern coast.