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ONGC, Aqualis Offshore match rig move record offshore India

The Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its own pre-monsoon rig move record set last year offshore India. Aqualis Offshore has also secured a new contract extension to support ONGC.

Rosneft says Essar takeover is pending final details

Rosneft PJSC, Russia’s biggest oil producer, said it has all but completed its multi-billion-dollar joint purchase of India’s Essar Oil Ltd., expanding its access to the Asian nation’s burgeoning fuel market.

BP, Reliance to revive India investments after eight years

BP Plc and Reliance Industries Ltd. will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years, in an area off the South Asian country’s east coast, where both companies have faced trouble boosting production.

Engie seeks $512-million selling stake in India LNG importer

Engie SA, France’s former natural-gas monopoly, is seeking to raise as much as 33 billion rupees ($512 million) selling its entire stake in India’s biggest importer of liquefied natural gas.

Oilex provides update on Cambay field workover program in India

Oilex Ltd. has released the following update on the Cambay field workover program in India, and ongoing activities.

ONGC posts surprise profit drop on royalties, weak gas price

Oil & Natural Gas Corp.’s quarterly profits missed estimates for a gain as lower gas revenues and a jump in royalty payments outweighed the boost from higher crude prices.

India's oil champions on track to match last year's $16-billion spend

India’s state-owned oil companies aim to sustain spending near a three-year high, encouraged by falling oil-services costs and expanding demand.

Indian explorer bets $1 billion on natural gas, unconventional shale

Great Eastern Energy Corp. will drill 144 new wells over the next four to five years at its Raniganj block in the eastern state of West Bengal, according to CEO Prashant Modi. The company, which began looking at the block in 1993, will invest an additional 50 billion rupees in other unconventional assets, including shale.

India oil demand rises 3.3% in April, after three-month decline

India’s oil demand bounced back in April after falling for three consecutive months, recovering from the impact of the country’s move to withdraw high-value notes.

Schlumberger, Baker Hughes awarded key contracts for Cambay core analysis in India

Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.

Emerson donates reservoir characterization software to Indian universities

Emerson Automation Solutions has donated licenses of its reservoir characterization and engineering software, Roxar RMS and Roxar Tempest, to two prominent Indian universities, the Graphic Era University (GEU) in Dehradun and the Maharashtra Institute of Technology (MIT) in Pune.

Billionaire creates BHP-style Indian resources major

Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton Ltd.-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the billionaire’s ambitions stretch.

India oil demand shrinks for third month amid demonetization drag

India’s oil consumption fell for a third straight month, with the use of bitumen and naphtha declining and diesel demand growth flat, amid the continuing effects of demonetization.

Shell opens new technology center in Bangalore, India

Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide.

IEA welcomes India as association country

The International Energy Agency welcomed India as an association country on Thursday, expanding its partnership for a more secure and sustainable energy future with the world's third-largest energy consumer.

ONGC to invest $10 billion in deepwater projects off India's east coast

India’s Oil & Natural Gas Corp. is wading into deep waters, where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble.

India makes policy changes to encourage hydrocarbon development

A delegation led by Mr. Dharmendra Pradhan, India’s minister of petroleum, participated in CERAWeek in Houston.

Engie to sell interest in India's biggest LNG importer

Engie SA, France’s former natural-gas monopoly, plans to sell its entire 10% holding in India’s biggest importer of liquefied natural gas.

ONGC said to see spending plans curtailed by potential merger

India’s plan to push its top oil producer to fund a takeover of a state refining company may threaten some near-term investments.

LNG fights a losing battle in India as taxes weigh on demand

A province governed by India’s Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.