ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…
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Amid rising concerns about fuel supply in the country, several oil giants have issued clarifications stating there is no shortage, calling such rumours “completely false” and assuring that supply remains normal and sufficient. The statements come at a time when global oil supplies are disrupted due to Iran’s chokehold of the Strait of Hormuz amid…
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