SUBSCRIBERS
ONGC to spend on drill ships, rigs as costs drop
Published Mon, Jun 20, 2016 · 09:50 PM
Mumbai
OIL and Natural Gas Corp (ONGC), India's biggest explorer, is preparing to spend on its biggest ever crude binge as sub-US$50 oil halves the cost of rigs and services.
State-run ONGC is contracting as many as five deepwater drill ships and dozens of jack-up rigs as it launches a US$5 billion development programme in the Krishna-Godavari Basin off the east coast of India, said chairman Dinesh Kumar Sarraf. The co…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?
Oil futures fall as fears of a wider Middle East war fade
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million
Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical