Oil And Gas Exploration

Pact with TotalEnergies to aid deepwater exploration: OIL CMD Ranjit Rath

The company's first partnership with TotalEnergies would help exploration in deep-water and ultra-deep water blocks, an area where OIL lacks significant expertise, Rath said

Updated On: 25 Nov 2025 | 11:36 PM IST

ONGC Q2 show misses estimates on higher costs; brokerages remain cautious

At 12:35 PM, ONGC shares were trading 1.66 per cent higher at ₹253.60 per share. By comparison, BSE Sensex was trading 0.82 per cent higher at 84,559.73 levels.

Updated On: 12 Nov 2025 | 12:50 PM IST

Mixed signals after ONGC Q1 nos; what's the best move for investors now?

On a standalone basis, ONGC's gross revenue dropped 9.3 per cent Y-o-Y to ₹32,003 crore, while net profit fell 10.2 per cent to ₹8,024 crore from ₹8,938 crore last year.

Updated On: 14 Aug 2025 | 10:20 AM IST

Environmentalists slam Trump admin's push for oil, gas drilling in Alaska

Top Trump administration officials fresh off touring one of the country's largest oil fields in the Alaska Arctic headlined an energy conference led by the state's Republican governor on Tuesday that environmentalists criticised as promoting new oil and gas drilling and turning away from the climate crisis. Several dozen protesters were outside Governor Mike Dunleavy's annual Alaska Sustainable Energy Conference in Anchorage, where US Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin were featured speakers. The federal officials were continuing a multiday trip aimed at highlighting President Donald Trump's push to expand oil and gas drilling, mining and logging in the state. The trip has included meetings with pro-drilling groups and officials, including some Alaska Native leaders on the petroleum-rich North Slope, and a visit to the Prudhoe Bay oil field near the Arctic Ocean that featured selfies near the ..

Updated On: 04 Jun 2025 | 8:55 AM IST

India Energy Week: Govt opens biggest oil & gas bidding round under OALP

19 large offshore blocks part of 25 on offer; India is keen to attract foreign bids this time

Updated On: 12 Feb 2025 | 12:06 AM IST

Biden to ban more offshore oil and gas drilling before Trump arrives

Biden is set within days to issue the executive order barring the sale of new drilling rights in portions of the country's outer continental shelf

Updated On: 03 Jan 2025 | 11:03 AM IST

Cairn becomes India's 1st oil & gas company to join UNEP's OGMP 2.0

Cairn Oil & Gas, part of Vedanta Group, has signed a memorandum of understanding with United Nations Environment Programme's flagship methane reporting and mitigation initiative - Oil & Gas Methane Partnership (OGMP) 2.0, making it the first oil and gas producer in India to commit to effective reduction of methane emissions. OGMP 2.0 established a comprehensive framework that includes best practices for emissions management and a robust reporting system. It emphasises accurate measurement, reporting, and verification (MRV) of methane emissions to drive reductions effectively. "Under this MoU, Cairn will establish a 5-year methane reduction target and transparently report its progress to OGMP. This would enable Cairn to analyse its emission profiles and utilise the data to mitigate emissions cost-effectively. With this partnership, Cairn reaffirms its commitment to accelerate its efforts towards becoming Net Zero Carbon by 2030," the company said in a statement. OGMP 2.0 covers

Updated On: 04 Nov 2024 | 8:18 PM IST

Chevron beats profit expectations in Q3 on higher oil, gas production

The company, whose proposed $53 billion takeover of Hess has been delayed due to a challenge by rivals Exxon Mobil and CNOOC Ltd, reported a profit of $4.53 billion

Updated On: 01 Nov 2024 | 4:31 PM IST

Centre grants in-principle approval to oil exploration in Assam's sanctuary

The Union environment ministry has granted in-principle approval to divert around 4.50 hectares of forest land in Assam, home to the endangered hoolock gibbon, for oil and gas exploration by a Vedanta Group company. Cairn Oil & Gas will carry out exploratory oil drilling in the ecosensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Jorhat district, the sole habitat for India's only ape species. The ministry's Forest Advisory Committee approved the diversion of 4.49 hectares of forest land during a meeting on August 27, according to minutes published on the Parivesh portal. On August 8, Assam's principal chief conservator of forests (wildlife) and chief wildlife warden recommended the clearance, saying that the project served "national interest". The project site is located within the ecosensitive zone of the sanctuary, an area also used by wild elephants to move between the sanctuary and the Dessoi Valley Reserve Forest, the official noted. "Conservation and management

Updated On: 14 Sep 2024 | 7:13 PM IST

ONGC Videsh's focus on stakes in oil, gas assets amid energy transition

ONGC Videsh, the overseas investment arm of the country's top exploration company Oil and Natural Gas Corp has stake in 32 oil and gas projects in 15 countries

Updated On: 10 Sep 2024 | 9:49 PM IST

Shell plans scale back in oil, gas exploration division workforce: Report

The restructuring in the exploration and wells development and subsurface units will see hundreds of job cuts around the world

Updated On: 29 Aug 2024 | 11:14 PM IST

Oil, gas exploration offers $100 bn opportunity: Hardeep Singh Puri

Oil marketing companies in talks with Russia for long-term deal, say officials

Updated On: 11 Jul 2024 | 10:33 PM IST

Brokerages raise targets on RIL stock post Q4; check latest prices here

The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical

Updated On: 23 Apr 2024 | 10:06 PM IST

ONGC Q3 results: Net profit shrinks 7.9% to Rs 10,748 cr as production dips

ONGC's total crude production dropped by 3.3 per cent to 5.21 million metric tonnes (MMT), down from 5.39 MMT in Q3 FY23

Updated On: 11 Feb 2024 | 6:57 PM IST

Essar to speed up CBM plans; to raise output to 5 mmscmd in 3-4 years

Essar Oil and Gas Exploration & Production Ltd is speeding up capital expenditure plans to explore and produce unconventional hydrocarbons that will help raise gas output at its flagship block to about 5 million standard cubic meters per day from less than 1 mmscmd now, its CEO said. EOGEPL is India's largest producer of Coal-Bed Methane (CBM) which just like conventional gas can be used as CNG in automobiles or as feedstock in industries. Buoyed by investor-friendly upstream policy reforms in recent years, including providing marketing and pricing freedom for CBM, the firm is drilling more wells, including horizontal ones, that will help tap into wider resources lying below coal seam in its Raniganj East block in West Bengal, EOGEPL CEO Pankaj Kalra told reporters on the sidelines of the India Energy Week. The firm currently produces 0.9 mmscmd of gas or 1 per cent of India's total gas output. "Our drilling campaign will see production rise to 2.3-2.4 mmscmd in the next 14-15 ...

Updated On: 08 Feb 2024 | 10:33 AM IST

Woodside in talks with Santos to form $52 billion Australian gas giant

Santos says it's exploring a range of alternative structural options

Updated On: 07 Dec 2023 | 10:58 PM IST

ONGC to start oil production from $5bn deep-water project this month

State-controlled Oil and Natural Gas Corporation (ONGC) will kick off oil production from its much-delayed flagship deepsea project in Krishna Godavari basin in Bay of Bengal this month, helping reverse years of decline in output, a senior company official said. "We plan to start producing from the Cluster-2 project in KG-DWN-98/2 block this month and slowly ramp up," ONGC Director (Production) Pankaj Kumar told PTI here. A floating production unit, called FPSO, which will be used to produce oil, is already in the block. After several missed deadlines, ONGC has told Shapoorji Pallonji Oil & Gas (SPOG) that its floating production, storage and offloading vessel (FPSO) Armada Sterling-V should prepare to receive the first oil this month. Oil production from Cluster-2 should have begun by November 2021, but was delayed because of the pandemic. Kumar said ONGC plans to start producing from 3 to 4 wells initially and slowly connect others. "Initial production could be 8,000 to 9,000 ...

Updated On: 13 Nov 2023 | 10:52 PM IST

Biggest-ever round of oil and gas blocks may be open for bidding in Nov

The 26 blocks earmarked by the Directorate General of Hydrocarbons (DGH) for exploration and development of oil and gas under OALP IX, constitutes the largest-ever area offered by the government

Updated On: 08 Oct 2023 | 10:45 PM IST

Here is why China is drilling another 10,000-metre hole in the Earth

The project comes after China National Petroleum Corp. began drilling a well in Xinjiang in May, which was described as the deepest in China at that time

Updated On: 21 Jul 2023 | 6:44 PM IST

7 people including 2 children killed by gas explosion in van in Pakistan

A fire in a passenger van in eastern Pakistan Saturday killed seven people, including two children, a government official said. The dead included four members of the same family a woman, her daughter and her two granddaughters. Eight passengers received burn injuries of various degrees. Official Nabeel Bhatti said the incident occurred in the Sargodha district of Punjab province after a liquefied petroleum gas cylinder fitted in the vehicle leaked and exploded. The van was immediately engulfed in flames. Five passengers died at the scene, while two others succumbed to their injuries at the hospital. Three of the bodies were charred beyond recognition. Punjab Interim Chief Minister Mohsin Naqvi ordered an investigation into the incident.

Updated On: 08 Jul 2023 | 4:58 PM IST