L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro (L&T), has won an offshore contract for the Bassein Development Project from the Oil and Natural Gas Corp. (ONGC) valued at US$427 million (2715 crores). The contract encompasses total engineering…
Aqualis Offshore has been reappointed by United India Insurance Co. to provide marine warranty services to the Oil and Natural Gas Corp. (ONGC), offshore India. Under the agreement, Aqualis will provide marine warranty services to ONGC´s…
India’s petroleum minister Shri Dharmendra Pradhan led a delegation to Mexico and Colombia this week to meet with officials in each country in hopes of transforming the relationship among the three countries from “buyer-seller” to an “energy partnership…
IntecSea Malaysia will help ONGC develop the KG-DWN-98/2 block in the Krishna Godavari (K-G) basin off the east coast of India. This comes after the announcement on 9 November that India's upstream oil regulator, the Directorate General of Hydrocarbons (DGH) in the Petroleum Ministry…
Oil and Natural Gas Corp. (ONGC) will invest US$9 billion to bring into production several oil and gas discoveries in the Krishna-Godavari basin off India’s east coast. The investment is expected to be complete by 2017-2018.The company has made 11 discoveries in Block KG-DWN-98/2…
PetroVietnam has signed new agreements with India's ONGC Videsh, and Russia's Rosneft. PetroVietnam's new memorandum of understanding with ONGC Videsh extends one previously signed in 2011. The MOU covers the joint exploration of hydrocarbons in Vietnam and India…
India’s ONGC Videsh Ltd. (OVL) acquired a 12% interest in Parque das Conchas (Block BC-10), located in the Campos Basin offshore Brazil’s southeastern coast. Production from the second development phase began earlier this month. Block BC-10 includes four offshore deepwater fields - Ostra…
Indian energy firm ONGC Videsh Limited (OVL) has agreed to buy a 10% stake in the Rovuma Area 1 block, offshore Mozambique, from Anadarko, for US$ 2,640 million. Area 1 covers about 2.6 million acres in the deepwater Rovuma Basin and…
India's Oil & Natural Gas Corp. (ONGC) announced three offshore and one onshore discovery during Q1 of its fiscal year 2013-2014, which ended 30 June, and one additional onshore discovery in August 2013 (Q2). Offshore: New prospect discovery: exploratory well KGOSN041NANL-2…
Transocean Ltd. today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig. The rig recently spudded a well in 10,411ft (3174m) of water…
ONGC Videsh Ltd. (OVL) and Oil India Ltd. (OIL) have agreed to purchase Videocon Mauritius Energy Ltd.’s 10% share in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US $2.47 million. The acquisition will give OVL 60% stake and OIL 40% stake in Area 1…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline. The deal is worth an estimated US$884 million after tax net proceeds…
ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1…
Map of offshore block KG-DWN-2004/6 Inpex will return to India for the first time since 2008 after acquiring 26% interest in Oil and Natural Gas Corp (ONGC)'s deepwater play in the Bay of Bengal, the company announced on 5 November 2012…
Shyamal Bhattacharya has taken over as operations director at Indian state oil company subsidiary ONGC Videsh. An acknowledged authority on IOR, he once headed the Institute of Reservoir Studies in Ahmedabad.
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