India ///

China and India want to buy more U.S. oil to counter OPEC

Two of Asia’s largest crude buyers are considering teaming up to buy U.S. supplies and counter OPEC’s dominance in the world’s biggest oil market.

ONGC moves 29 offshore rigs ahead of Indian monsoon season

The Oil and Natural Gas Corporation Limited (ONGC) has successfully moved 29 mobile offshore drilling rigs prior to the Indian monsoon season.

Once cash rich, India's demands erode 90% of ONGC's warchest

India’s Oil and Natural Gas Corp., which once had $4.3 billion of funds, is now bleeding cash.

Indian Essar Oil Limited rebrands as Nayara Energy Limited

Indian Essar Oil Limited has been rebranded as Nayara Energy Limited. The decision was finalized at an extraordinary general meeting of its shareholders.

India vows to ignore Trump's sanctions and continue Iran imports

President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a strategic partner of the U.S. -- plans on ignoring them.

Oilex issues default notice regarding India's Cambay

Oilex Ltd. has advised that it has issued an Event of Default Notice (EoD Notice) to GSPC regarding the Cambay PSC (Cambay) in the amount of equivalent $3,054,832.

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.

Essar Oilfields awarded drilling contract in India's Cambay basin

Essar Oilfields Services India Limited (EOSIL) today announced that it has been awarded a Rs 28-crore contract by Gas Authority of India Limited (GAIL) to drill three firm plus two optional wells in Gujarat’s Cambay basin.

ONGC reports explosion on Sagar Bhushan drillship

A blast was reported on ONGC drillship Sagar Bhushan at 9.15 a.m. yesterday, at Cochin Shipyard where it has been dry docking since Dec. 7, 2017.

Indian companies pay $600 million for stake in Abu Dhabi oil concession

Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.

ONGC said to plan $4.8-billion Indian Oil, GAIL stake sale

Oil & Natural Gas Corp. plans to sell its holding in two state-run energy companies within a year to repay debt it raised to fund the purchase of the Indian government’s stake in Hindustan Petroleum Corp., according to people with knowledge of the matter.