News for 'fpso'

ONGC set to hire floating platform for Bombay High

Reliance permanently shuts down its only oil field in KG-D6 block

Post-cessation, activities related to the safe shutdown of the field are underway.

How ONGC's project delay is bleeding India's forex reserves

At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC's haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with direct knowledge of the matter said on condition of anonymity.

CAG red-flags $1.6 bn excess cost recovery by RIL

CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block.