Ongc News


ONGC Hires Consortium to Deliver FEED Work for Bay of Bengal Oil Field

Apr 17, 2024

India’s Oil and Natural Gas Corporation (ONGC) has awarded pre-FEED/FEED contract for Cluster-1 Development, located in Krishna Godavari (KG) Basin in the Bay of Bengal to Nauvata Energy Transition (NET Enterprise) and PERC Engineering.The contract encompasses concept study…

Esgian Week 13 Report: Demand Shifts

Apr 01, 2024

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…

ONGC Plans Rouble Payment for Sakhalin 1 Stake

Feb 12, 2024

Indian oil company ONGC Videsh Ltd (OVL) is in talks with the Russian government to pay its contribution to the Sakhalin-1 abandonment fund in roubles, a company official said on Monday.The contribution is a requirement for OVL to take a 20% stake in the project…

Shearwater Gets 3D Seismic Job Offshore India

Feb 08, 2024

Norwegian marine seismic services firm Shearwater GeoServices has been contracted by the Oil and Natural Gas Corporation (ONGC) for a 3D seismic survey project in the Cauvery Basin, located off the east coast of India.This is another contract awarded recently by ONGC to Shearwater…

Shearwater Embarks on OBN Survey in India

Feb 06, 2024

Norwegian marine seismic services firm Shearwater GeoServices has been selected by the Oil and Natural Gas Corporation (ONGC) for an ocean bottom node (OBN) survey off the coast of India.This work, expected to last for six months, will showcase…

Esgian Week 5 Report: A Week of Rig Moves

Feb 02, 2024

Esgian has released its Week 5 Rig Analytics Market Roundup saying it was the week of rig moves, as several units completed their respective campaigns and moved on to ports either to wait for new assignments or to prepare for upcoming jobs. Meanwhile…

Esgian Week 3 Report: Drilling Units on the Move

Jan 19, 2024

No new drilling contracts were announced, but a Borr Drilling jackup has left Singapore, while a Shelf Drilling unit is preparing to embark on its journey to the same destination, according to Esgian’s Rig Analytics Market Roundup (Week 3).Drilling…

Esgian Week 2 Report: New Work Secured

Jan 14, 2024

It was a busy week in the offshore drilling sector as new work was secured by Noble and Valaris rigs, reports Esgian in its Week 2 Rig Analytics Market Roundup.ContractsLLOG has exercised a six-month option for Noble 12,000-ft drillship Noble Valiant in the US GOM…

First Oil Flows from India’s Bay of Bengal Field

Jan 08, 2024

India's state-run Oil and Natural Gas Corp (ONGC) has announced the successful start of oil production from the deep-water KG-DWN-98/2 Block, located off the coast of Bay of Bengal.ONGC had successfully executed Phase 1 of the project in March 2020…

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Dec 29, 2023

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling…

Enauta Acquires Stake in Campos Basin Oil Fields

Dec 25, 2023

Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million.In a securities filing, the company said that the transaction to acquire a stake in the Abalone…

McDermott Secures 'Large' Offshore Project Contract in India

Nov 07, 2023

Offshore transportation and installation contractor McDermott said Tuesday it had won a 'large' transportation and installation contract with India's Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India…

India's ONGC Willing to Wait to Regain Oil from Russian Project

Sep 20, 2023

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…

ONGC to Invest $24.2 Billion to Meet Net-zero Emissions Goal

Aug 31, 2023

India's top explorer Oil and Natural Gas Corp (ONGC) plans to invest 2 trillion rupees ($24.17 billion) on clean energy projects in order to meet its 2038 net-zero carbon emissions goal, chairman Arun Kumar Singh said on Tuesday.The company…

ONGC Videsh Secures Three-Year Extension to Explore South China Sea

Aug 20, 2023

Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore 'Block 128' in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter.Conflicting territorial claims over…

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