South Asia ///

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.

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.

Government policy crucial for future of upstream sector in Southeast Asia, says GlobalData

As the upstream sector recovers from the 2014 oil price crash and resulting budget cuts, a number of Southeast Asian governments are adapting policies in the sector in the hope of capturing a share of new investment, according to GlobalData, a leading data and analytics company.

MAN Diesel & Turbo to supply compressor technology for offshore gas production in Vietnam

PTSC Mechanical & Construction Ltd. has commissioned MAN Diesel & Turbo to supply a total of two compressor trains for the Sao Vang and Dai Nguyet gas fields’ development project in Vietnam.

You don't need Asia to get $12 for your LNG

You don’t need to send your liquefied natural gas to Asia to get high prices.

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.

Indonesia eyes European, U.S. oil giants for investment bids

Indonesia will hold roadshows in the U.S. and Europe later this month to lure investments from the world’s top energy companies as the former OPEC member seeks to reverse a decline in oil and gas production.

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.