WorldOil India's oil demand surges for eighth straight month in April India’s oil consumption surged 4.5% in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. Bubbling crude prices spell triple-whammy setback for India The surge in oil prices couldn’t have come at a worse time for India. McDermott completes installation, startup for Vashishta and S1 field McDermott International, Inc., has successfully concluded the installation and startup on Vashishta and S1 field, an engineering, procurement, construction and installation (EPCI) contract that it received from ONGC in December 2015. Trump trade war spurs India to import more oil, drones from U.S. India is seeking more oil, drones and aircraft from the U.S. to help narrow its $28-billion trade surplus amid rising concerns of possible collateral damage to its economy from President Donald Trump’s trade spat with China. BP and Reliance sanction second phase of deepwater gas development, India BP and Reliance Industries announced the sanctioning of the “Satellite cluster” project in Block KG D6, offshore India. India's oil consumption rises in March as economy recovers India’s oil demand grew 7.2% in March from a year ago as the country emerged from the effects of a cash ban and the roll out of a new national sales tax. Cosasco secures corrosion monitoring contract with ONGC Cosasco, the leader in corrosion and erosion monitoring and chemical injection and optimization, has been awarded a $380,000 contract with Afcons Infrastructure Limited to deliver corrosion monitoring systems for Oil and Natural Gas Corporation Limited (ONGC). Petrofac secures further India EPC award Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India. Sparrows Group secures multi-million-pound contract with ONGC Sparrows Group has secured a multi-million pound contract with India’s Oil and Natural Gas Corporation (ONGC) for the refurbishment of 21 cranes. India seen raising natural gas price to highest in two years India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants.