Ongc News

 

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

Feb 11, 2025

Oil and Natural Gas Corporation Limited (ONGC) and BP have signed a contract under which BP will serve as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field.ONGC will retain ownership and operational control of the field. Under the terms of the contract, BP will receive a fixed fee for a period of two years for its deployed personnel…

ONGC Buys Viridien’s Sercel Offshore Logistics Solution

May 06, 2025

French seismic company Viridien has sold its Sercel Marlin Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore exploration and production (E&P) operations in India…

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

May 05, 2025

The Panna-Mukta and Tapti (PMT) joint venture partners, consisting of Shell (through BGEPIL), Reliance Industries (RIL), and Oil and Natural Gas Corporation Limited (ONGC), have completed India's first offshore facilities decommissioning project…

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

Jan 09, 2025

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp ONGC on Thursday.ONGC named…

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Jan 08, 2025

India's top explorer Oil and Natural Gas Corp ONGC on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.BP has promised an…

India’s ONGC Buys Stake in Caspian Sea Oil Assets from Equinor for $60M

Jul 19, 2024

India’s Oil and Natural Gas Corporation Limited (ONGC) Videsh has signed a definitive $60 million sale and purchase agreement (SPA) with Equinor to increase its stake in the offshore Azeri Chirag Gunashli (ACG) oil field and associated pipeline in Azerbaijan…

L&T Nets Pipeline Order from ONGC Worth Up to $300M

Jul 01, 2024

Indian multinational conglomerate Larsen & Toubro (L&T) has secured an order from India’s Oil & Natural Gas Corporation (ONGC) for the eight phase of Pipeline Replacement Project (PRP-VIII Group B) off India's west coast, worth up to $300 million…

ABL Helps Shelter 45 ONGC Rigs Ahead of Storm

May 29, 2024

India’s Oil and Natural Gas Corporation Limited (ONGC), supported by ABL as tow master and marine warranty provider, has moved a record high 45 drilling rigs to new locations ahead of the Indian monsoon season.The 45 rig moves of jack-up rigs…

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…

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…

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…

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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