India ///

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.

India's ONGC said to expect delays in its biggest project

Oil and Natural Gas Corp. is facing a delay of at least a year in starting production from its biggest project, according to people with knowledge of the matter.

Top Indian oil explorer may raise $5.48 billion to buy HPCL

India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum Corp.

India pitches bigger oil resource pie in bid to lure investments

India has increased the size of its oil and natural gas resources by 50% because of better data, according to the country’s oil regulator.

ONGC confirms six dead, one missing after chopper crash

Following an extensive search operation, jointly conducted by ONGC, Coast Guard and Indian Navy, six bodies including one of the two Pilots of ill-fated Pawan Hans Chopper have so far been recovered. The search is on for one more person who is still missing.

Kreuz Subsea wins major contract in India

Kreuz Subsea, a leading global integrated subsea services business, has announced it has been awarded its most financially significant contract in the company’s history.

Essar Oilfields commences drilling contract with Mercator Petroleum

Essar Oilfields Services (India) Limited (EOSIL) has announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells, plus one optional oil well in the Cambay basin.

Top Indian oil explorer to buy—not drill—its way to output goal

India’s biggest oil explorer plans to snatch up producing assets to reach its goal of raising overseas output by more than half in about three years, a faster route than drilling for new reserves.

Eni's former Indian oil explorer targets 12-fold sales jump

Hindustan Oil Exploration Co. is rising from the ashes about a year after Italy’s Eni SpA sold its controlling stake.

GAIL said to receive Gazprom letter on LNG contract start

GAIL India Ltd. received notification from Russia’s Gazprom PJSC that it plans to start deliveries of liquefied natural gas through a contract the Indian buyer is trying to renegotiate, according to people with knowledge of the matter.

Rising oil portends long pause as India prepares for rate review

After long undershooting its predictions, data on Monday showed consumer prices rose the most in seven months. The pace may only accelerate due to rebounding global oil prices.