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The Mumbai High Asset is one of ONGC's most significant offshore oil fields. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Ten personnel sustained minor injuries in a fire at ONGC's Mumbai High Asset SHP Platform * All injured workers are under medical care and are reported to be in stable condition * Operations at the offshore installation have returned to normal following the incident Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Ten personnel su ...Read More >
Jaipur, Apr 5 (PTI) Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said. The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. ...Read More >
New Delhi, Apr 5 (PTI) The Congress on Sunday launched a scathing attack on Prime Minister Narendra Modi over the proposal to increase Lok Sabha seats, saying he is "bulldozing" the move that will work more to the benefit of larger and populous states and is nothing but a "Weapon of Mass Distraction (WMD)". The opposition party also alleged that the prime minister is "hoodwinking" the people of the country and is making misleading statements that are meant to deceive. In a post on X, Congress ...Read More >
Jaipur: Amid heightened geopolitical tensions and uncertainty in global oil markets, Oil India Ltd has significantly ramped up crude production from Rajasthan's Thar desert, achieving a record output of 1,202 barrels per day from the Jodhpur sandstone formation, officials said.The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy security. Officials sai ...Read More >
New Delhi, Apr 1: Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. IPO structure and fund utilisation The Gujarat-based company plans to use proceeds from the fresh issue for c ...Read More >
New Delhi, Apr 1 (PTI) Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. The Gujarat-based company plans to use proceeds from the fresh issue for capital expenditure and working ...Read More >
New Delhi: Global oil markets were jolted at the beginning of this week as Brent Crude Oil surged past $115 per barrel after fresh missile attacks by Yemen's Houthis widened the West Asian conflict. Brent's jump to $116 per barrel Monday reflects market fears over potential disruptions to critical oil supply routes and export hubs. Apart from the Houthis' entry into the war launched by the US-Israel coalition against Iran, the spike also comes after US President Donald Trump's comments that he ...Read More >
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) has secured a $225.5 million contract from Kuwait Oil Company to build, operate and manage a gas sweetening and sulphur recovery facility at Kuwait's oilfields. The project will be completed in 790 days, followed by five years of operations and maintenance. Indian multi-sector infrastructure firm Megha Engineering & Infrastructures has won a contract worth $225.5 million from Kuwait Oil Company (KOC), it said on Friday. The contrac ...Read More >
New Delhi, Sep 27 (PTI) Oil India Ltd has discovered natural gas reserves off the Andaman Islands, the state-owned firm said without putting an estimate of the size of the find. In a statement, OIL said "occurrence of natural gas" was reported in the second exploratory well Vijayapuram-2 drilled in the Offshore Andaman Block AN-OSHP-2018/1, which the company had won under the Open Acreage Licensing Policy (OALP). "The preliminary analysis of gas samples, collected during intermittent inflow of ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
Shimla, Aug 14 (SocialNews.XYZ) Braving darkness, fast currents and unstable terrain, the Indian Army on Thursday said its swift response averted a potential tragedy when a sudden flash flood struck Hojis Lungpa Nala in Himachal Pradesh's mountainous Kinnaur district. The incident happened at around 7 p.m. on Wednesday. Triggered by a cloudburst in the higher reaches of the Rishi Dogri Valley, the deluge engulfed the bridge across the Sutlej River and injured one individual. The site was an ac ...Read More >
NEW DELHI: India's oil and gas sector stands at a critical crossroads as soaring demand intensifies its dependence on imports, even as domestic production continues its steady decline. According to Rubix Industry Insights' Oil & Gas, July 2025 report, India's energy appetite is poised to climb sharply -- from 5.64 million barrels per day (bpd) in 2024 to 6.66 million bpd by 2030. That's a staggering one-third of the projected global demand growth over the period. But this growth is unfolding a ...Read More >
India, which has offered 2.5 lakh sq km area for exploration under OALP Round-10, is close to discovering a Guyana-scale oil field in the Andaman sea, Minister of Petroleum & Natural Gas Hardeep Singh Puri said. In his address at the 9th OPEC International Seminar in Vienna, Austria on Wednesday, the Minister emphasised that the world's third largest crude oil importer is aggressively expanding its efforts in the domestic exploration and production (E&P) sector. "With 2.5 lakh sq km open for e ...Read More >
ONGC, collaborating with CUDD Pressure Control, achieved a significant breakthrough at Well RDS#147A, safely removing the rig substructure and preparing for the crucial snubbing operation. Hydraulic lines were successfully connected to the existing BOP, validating ONGC's technical assessment. Favorable weather and a receding Dikhow River further aided progress, with ONGC optimistic about capping the well by Friday.Oil and Natural Gas Corporation Limited (ONGC) in coordination with international ...Read More >
Sivasagar, Jun 26 (PTI) Leakage of gas continued for the 15th day from a crude oil well of ONGC in Assam's Sivasagar district although the energy major on Thursday claimed that it is nearing to control the blowout. In its daily bulletin on the blowout, ONGC said it has achieved a key breakthrough in its ongoing operations in close coordination with international well control specialists from CUDD Pressure Control. "The team successfully cleared all remaining rig materials, including staircases ...Read More >
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