India News


Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargo

Apr 05, 2021

State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…

First Crude Cargo from Guyana to India Sets Sail

Mar 24, 2021

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday…

India Asks Refiners to Cut Reliance on Middle East Oil after OPEC+ Decision

Mar 09, 2021

India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said.India, the world's third biggest oil importer and consumer…

India: McDermott Wraps Work on Reliance's Project Offshore India

Jan 11, 2021

Offshore oil and gas services company McDermott recently completed work on an offshore field development project in India, operated by Reliance Industries, and made it ready for start-up.The project, in the Krishna Godavari Basin, located off the east coast of India…

Cairn Energy Wins $1.2 B Tax Arbitration Case Against Indian Gov't

Dec 23, 2020

Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute that had spooked investors concerned about retrospective tax claims on companies.The tribunal ruled unanimously that India had breached its obligations to Cairn under the U…

ONGC Taps Shearwater for Offshore Seismic Survey in India

Dec 21, 2020

Offshore seismic data acquisition services company Shearwater GeoServices has secured a 3D broadband marine seismic acquisition contract by ONGC in the Western Offshore India area. The project is scheduled to start in Q1 2021.The four-month campaign covers two areas totaling around 2…

Reliance, BP Start Production from Ultra-Deepwater Gas Field Offshore India

Dec 18, 2020

India's Reliance Industries and the British oil major BP on Friday announced the startup of production from ultra-deepwater gas field R Cluster in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster…

Solstad on a Roll: Scores Vessel Charters in India, Australia

Dec 17, 2020

Just hours after announcing three contracts for its platform suppliers in the North Sea and Suriname, Norwegian offshore vessel operator Solstad Offshore released a separate statement on Thursday, announcing charters for three construction vessels…

Shearwater to Shoot 3D Seismic for Reliance Offshore India

Dec 07, 2020

India's Reliance Industries has awarded a 3D seismic data acquisition contract to seismic survey services provider Shearwater.Under the contract, Shearwater will carry out a 3D survey in the Bay of Bengal, India.The survey is slated to start in the first quarter of 2021 and covers 1…

Prime Minister Modi: India to Double Refining Capacity in 5 Years

Nov 23, 2020

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite the coronavirus pandemic blighting the economy.The country's energy minister was quoted http://www…

Höegh LNG to Supply FSRU in India in Q1 2021

Nov 19, 2020

Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021.Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…

Fire at Oil India Well Extinguished after Nearly Six Months

Nov 16, 2020

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been 'doused completely.''There is no pressure in the well now and the same will be observed for 24 hrs to check…

IRClass Classes India's First LNG-FSRU

Oct 29, 2020

Ship classification society Indian Register of Shipping (IRClass) has classed India’s first LNG-FSRU.Built at Hyundai Shipyard in Ulsan, South Korea, the 180,000 cu.m, the Indian-flagged, is designed for continuous operations without the need for drydocking over a period of 20 years…

India's ONGC Awards 10-Year Charter for Armada Sterling FPSO

Sep 25, 2020

Malaysian offshore vessel operator Bumi Armada, has via its JV company with Shapoorji Pallonji, secured a ten-year charter for the Armada Sterling FPSO with the Indian oil giant ONGC.Bumi Armada said Friday that under the contract Armada Sterling…

Sparrows' Crane for Vedanta's Offshore Facilities in India

Jul 27, 2020

Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources Limited, extending its relationship with the company to nine years.A Sparrows manufactured ECR-20 crane will be mobilized to the Lakshmi and Gauri oil and gas fields of Cairn Oil & Gas…

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