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Fugro bags IRM ROV services contract from Seamec for ONGC assets in India

Fugro bags IRM ROV services contract from Seamec for ONGC assets in India

Dutch geo-data specialist Fugro has bagged a three-year inspection, repair, and maintenance (IRM) contract from Seamec to support the latter’s asset management project for India’s state-owned Oil and Natural Gas Corporation (ONGC) off the west coast of India. Under the contract, Fugro will provide its remotely operated vehicle (ROV) services for Seamec starting from mid-June, […]

KG-DWN-98/2 project : ONGC produces early first gas from Krishna Godavari basin block

KG-DWN-98/2 project : ONGC produces early first gas from Krishna Godavari basin block

India’s Oil and Natural Gas Corporation (ONGC) has drawn its first gas from the KG-DWN-98/2 project, which has been developed with an investment of $5 billion in the offshore Krishna Godavari basin in India. The KG-DWN-98/2 block contains the deepwater Cluster 2 field located off the shore of the Godavari delta on the east coast […]

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

Fluor Corporation has bagged a contract to provide project management consultancy services (PMC services) for the Polyols Petrochemical Project in Kerala, India from Bharat Petroleum Corporation (BPCL). BPCL is developing a polyols manufacturing project at its existing refinery and petrochemicals complex at Ambalamugal, near Kochi (BPCL Kochi Refinery) with an investment of INR11,300 crore ($160 million), […]

OALP round 4 results : ONGC wins all seven oil and gas blocks

OALP round 4 results : ONGC wins all seven oil and gas blocks

OALP round 4 results : State-owned Oil and Natural Gas Corporation (ONGC) has bagged exploration and production rights for all the seven onshore oil and gas blocks on offer at the Open Acreage Licensing Policy (OALP IV)  held by the Indian Ministry of Petroleum and Natural Gas (MoPNG). The onshore oil and gas blocks are […]

CSV Southern Ocean bags new contract for works in India

CSV Southern Ocean bags new contract for works in India

CSV Southern Ocean, a construction support vehicle owned by Bourbon and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India. The scope of the contract is a partial continuation of the scope that was initiated in 2018. Oceanteam said that works on the first short […]

Petronas, Japan’s JXTG Holdings in race to buy stake in Bina Refinery

Petronas, Japan’s JXTG Holdings in race to buy stake in Bina Refinery

Malaysian oil and gas major Petronas and Japan’s JXTG Holdings are reportedly looking to acquire a stake in India’s Bina Refinery. Located at Bina in the state of Madhya Pradesh, the refinery has a crude oil processing capacity of 156,000 barrels per day (bpd). The Indian oil refinery, which was commissioned in June 2011, is […]