The company's junior partner in block KG-DWN-2003/1 (or D3) Hardy Oil and Gas said there were 'unresolved mechanical issues' with Transocean's rig 'Deepwater Expedition' which was drilling an exploration well on the block.
ONGC will hire two rigs from Transocean of the United States and Dolphin Drilling of the United Kingdom for a period of three years to launch its deep-sea drilling campaign in the Arabian Sea and the Bay of Bengal by October.
While India has become the largest data generating nation, and hosts more than 152 data centres, it is fed by only 18 undersea cables.
State-owned Oil and Natural Gas Corp (ONGC) has signed a contract to hire a long-idled ultra-deepwater drillship of US-based Transocean for $412,000 (about Rs 2.39 crore) per day.
The six-month moratorium on deep-water drilling in the Gulf of Mexico is likely to delay the deployment of idle rigs by Aban Offshore and impact the day rates for support vessels that companies such as Great Offshore supply.
Bhardwaj, an engineer in Singapore-based shipping company Transocean Limited, was kidnapped along with four colleagues from different countries when their ship Sampatiki was at sea, around 30 nautical miles off Nigerian capital Lagos.
CAG, in a report tabled in Parliament today, said Oil and Natural Gas Corporation hired rig 'Actinia' from RIL for six months in 2009 for Rs 146.71 crore (Rs 1.46 billion) saying it needed urgently drill three wells but its actual usage indicated the hiring was 'not necessary'.
The low global crude prices have helped narrow the current account deficit to just 0.2 per cent of GDP in the previous January-March quarter.
Zomato's Users Choice Awards features the best restaurants in Mumbai.
Meet Rahul Yadav -- the young, brash and confident CEO of the company.
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