ONGC Finalized the Acquisition of a Stake in the Operator of the Sakhalin-1 Project
The Indian company Oil and Natural Gas Corporation (ONGC) has successfully completed the transfer of funds to the decommissioning fund of the Sakhalin-1 project in order to retain its 20% stake in the project. This was announced during a conference call with analysts by the Managing Director of ONGC Videsh …
India Aims to Replicate Guyana’s Success in Deepwater Oil Exploration
India is stepping up its efforts to boost domestic fossil fuel production, placing special emphasis on deepwater exploration in the Andaman region, and aiming to replicate Guyana’s success. This was stated to journalists by Minister of Petroleum and Natural Gas Hardeep Singh Puri. The minister recalled that the government had …
BP Secures Its First Exploration License in India in Partnership with ONGC and Reliance
At the same time, India has launched its tenth — and largest to date — licensing round, offering 25 blocks covering nearly 192,000 square kilometers. Source
India Wants to Look for Offshore Oil Outside the Economic Zone
According to The Times of India newspaper, exploration of the continental shelf in other areas will allow assessing the potential for hydrocarbons and other minerals in the interests of the country‘s economic security. The Government of India plans to involve the Oil and Natural Gas Corporation (ONGC) and Oil India …
India Begins Producing Oil Off The Coast of The Bay of Bengal
Prime Minister Narendra Modi congratulated the Petroleum and Natural Gas Corporation of India on the commencement of oil production from its flagship deepwater project in the offshore Krishna-Godavari basin, the Prime Minister’s Office said in a statement. The state-controlled Indian Oil and Natural Gas Corporation (ONGC) began maiden oil production …
ONGC Begins First Oil Production From The Ultra-Challenging Deepwater Block KG-DWN-98/2
Oil and Natural Gas Corp (ONGC) has begun production from the First Oil project in the deepwater block KG-DWN-98/2 on the eastern Indian continental shelf. Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri announced this on January 7, 2024 on his page on the social network X (formerly …
ONGC Asked The Russian Federation to Help Formalize Its Participation in The New Operator Sakhalin-1
Indian ONGC is actively working to transfer its share of the assets of the liquidation fund of the Sakhalin-1 PSA project to a new operator (Sakhalin-1 LLC) and has turned to Russia for assistance, Vinod Hallan, chief executive officer for finance of ONGC Videsh Limited, said at a conference with …
Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1
CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …
SMNG has Signed a Contract for Seismic Exploration Offshore in India
JSC Severmorneftegeofizika (SMNG, a subsidiary of ROSGEO) and the Indian state oil and gas corporation ONGC have signed a contract for 2D and 3D offshore seismic surveys on the Indian continental shelf. The SMNG technical and commercial proposal was again recognized as the best according to the results of the …
GlobalData: Russia Led the World for Oil and Gas Discoveries in Q3 2017
A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …