Tag
Oil & Gas Exploration & Production
7 articles
Oil and gas producers are navigating a complex landscape of legal challenges and growth opportunities. Vedanta Oil & Gas faces setbacks with the dismissal of its appeal regarding a block extension and is contending with an ONGC arbitration enforcement petition, though the financial impact is already accounted for. Conversely, Oil India is demonstrating robust performance, achieving record crude production and reporting strong financials, underpinned by strategic expansions in refining and gas pipeline capacity, alongside a commitment to net-zero emissions by 2040. Further bolstering Oil India's outlook is a significant new gas discovery in Rajasthan, suggesting continued exploration success and potential for increased reserves.
ONGC Commissions Khoraghat Gas Evacuation to NEGG
ONGC commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam, enabling surplus gas processing and evacuation.
The facility connects to North East Gas Grid, facilitating utilization of 1 lak
India Launches ₹84,084 Crore Offshore Exploration Scheme
Government approves Samudra Manthan scheme with ₹84,084 crore Phase-I outlay through FY 2030-31 to boost offshore hydrocarbon exploration.
Scheme targets adding over 600 MMTOE reserves and raising dom
India Launches ₹84,084 Crore Offshore Hydrocarbon Exploration Scheme
Government approves Samudra Manthan scheme with ₹84,084 crore Phase-I outlay to accelerate offshore hydrocarbon exploration until FY 2030–31.
Scheme targets adding over 600 MMTOE reserves and raising
Jindal Drilling Q1 FY27 Earnings Call Transcript
Jindal Drilling reported Q1 FY27 results and disclosed a new ONGC contract for its Jindal Pioneer rig, set for deployment in October 2026.
Management guided for a significant H2 revenue decline as thr
SEAMEC Q1 FY27 Revenue Rises 41% on Higher Vessel Deployment
SEAMEC reported Q1 FY27 standalone revenue of ₹283.3 crore, up 41% YoY, driven by 110 additional vessel deployment days and new contracts.
Standalone PAT increased 2% to ₹81.2 crore despite a ₹13 cror
Aakash Exploration Seeks Promoter Group Reclassification
Aakash Exploration applied to NSE for reclassification of Deval Resources from Promoter Group category.
Deval Resources holds 0 equity shares representing 0.00% of paid-up capital in the company.
The
ONGC Spuds First Mahanadi Basin Deepwater Well
ONGC commenced drilling exploratory well MN-DW18-1-H-D in Mahanadi Offshore Basin under Samudra Manthan Mission.
India's eastern/western offshore basins hold estimated 5,600 MMTOE hydrocarbon potentia