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Oil and Natural Gas Corp. Ltd. (ONGC)

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Editor's note: Updated Aug. 26, 2020.

News

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

ONGC’s M Field Starts Production in Bay of Bengal

ONGC’s M Field represents the second phase of the larger 98/2 Block development project which is expected to reach peak production of 45,000 bbl/d and 10 MMcm/d.

E&P Highlights: Jan. 8, 2024

Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.

Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs

Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.

E&P Highlights: Nov. 13, 2023

Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards.

Transocean Announces $222MM Deepwater Drillship Contract

The $222 million ultra-deepwater drillship contract is for the Dhirubhai Deepwater KG1 offshore India.

E&P Highlights: May 15, 2023

Here’s a roundup of the latest E&P headlines, including oil finds in the Arabian Sea and new contract awards.

The Jacked Up Drilling Market

After a nearly five year downturn, the subsea drilling market is on the upswing, with jackup rigs making up the majority of the global fleet.

India's Top Explorer ONGC Signs MoU with France's TotalEnergies

Oil and Natural Gas Corp. and TotalEnergies will evaluate exploration and development opportunities in deep water blocks under the memorandum of understanding. 

E&P Highlights: Jan. 9, 2023

Here’s a roundup of the latest E&P headlines from the past week in the upstream oil and gas industry, which include ONGC bringing stranded assets online to its “lucky mascot” and Aker Solutions winning the conversion contract for the Petrojarl Knarr FPSO.

E&P Highlights (Nov. 14, 2022): New Eni Startup; Suriname Bid Round

Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.

Analyst: Gas Production Offshore India Continues to Ramp Up

The Block KG D6 development leads offshore activity for India, while oil and gas production onshore is likely to remain level through 2030.

Exxon Mobil Signs Agreement for Deepwater Exploration Offshore India

Exxon Mobil has been looking to buy a stake in local deepwater fields of ONGC for some time.

Indian Oil Firms Need to Bring in Foreign Players to Unlock Resources

The nation’s oil and gas output has been stagnant for years, forcing it to raise reliance on imports to meet rising fuel demand.

E&P Exploration: Geomechanical Modeling Increases Well Delivery Success in India

A better understanding of earth stresses resulted in a dramatic reduction in wellbore instability-related drilling events and NPT for the operator.