Oil and Natural Gas Corporation

McDermott Awarded Transportation and Installation Contract by ONGC

Retrieved on: 
Tuesday, November 7, 2023

HOUSTON, Nov. 7, 2023 /PRNewswire/ -- McDermott has been awarded a large* transportation and installation contract by the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India.

Key Points: 
  • HOUSTON, Nov. 7, 2023 /PRNewswire/ -- McDermott has been awarded a large* transportation and installation contract by the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India.
  • Under the scope of the contract, McDermott will perform the transportation and installation of a central processing platform (CPP) and living quarters.
  • Once installed, the CPP will be used to process wet gas which will then be transferred from the platform to an onshore terminal.
  • *McDermott defines a large contract as between USD $50 million and USD $250 million.

India Oil & Gas Industry Report 2023: The Third-largest Crude Oil Importer in the World After the USA and China - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 3, 2023

The "Oil & Gas Industry in India 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil & Gas Industry in India 2023" report has been added to ResearchAndMarkets.com's offering.
  • India, which imports 85% of the crude oil it processes and roughly 55% of its natural gas needs, is the third-largest crude oil importer in the world after the USA and China.
  • The overall manufacturing of crude oil dropped due to the decline in demand and logistics issues because of the pandemic.
  • The oil and gas industry in India has been witnessing a continued declining trend in the production of crude oil since 2011.

Worldwide Data Center Storage Industry to 2027 - Growing Hyperscale Data Center Developments is Driving Growth

Retrieved on: 
Wednesday, November 2, 2022

Data center storage includes all the infrastructure, i.e., tools, processes, and technologies that enable the design, management, and monitoring of the data stored within a data center.

Key Points: 
  • Data center storage includes all the infrastructure, i.e., tools, processes, and technologies that enable the design, management, and monitoring of the data stored within a data center.
  • They are allocating higher budgets for IT spending, which will drive the global data center storage market.
  • Over the next few years, trends driving the global data center storage market include increasing edge deployments, flash/NVMe storage adoption, and the increasing popularity of software-defined storage.
  • Increasing innovations in storage media expected to impact the global data center storage market include the adoption of DNA and holographic storage.

Oil Drilling Automation Global Market Report 2022: Significant Increase in Exploration Activities Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, October 24, 2022

The "Oil Drilling Automation Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil Drilling Automation Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
  • Oil drilling automation refers to the automation of sub-processes of operational as well as downhole activities that are necessary for the drilling of oil.
  • The market for oil drilling automation is primarily driven by the fact that there has been a significant increase in exploration activities owing to increased demand.
  • Also, the increased spending on onshore oil exploration is a key factor supporting the onshore oil drilling automation market growth in the coming five years.

Global FPSO Market Forecast to 2028 - Growing Advancements in Subsea Technologies & Surging Demand for Natural Gas and Crude Oil - ResearchAndMarkets.com

Retrieved on: 
Monday, August 1, 2022

Furthermore, the rising oil & gas consumption is predicted to encourage the development of oil & gas fields.

Key Points: 
  • Furthermore, the rising oil & gas consumption is predicted to encourage the development of oil & gas fields.
  • A rise in the development of marginal oil reserves in remote offshore areas is anticipated to fuel the market growth.
  • The capacity of these units to reduce the cost of oil & gas procurement will expedite their deployment in the future, thereby driving the FPSO market.
  • The lockdown negatively impacted the FPSO market in Europe due to disruption in the oil & gas sector across the region.

Worldwide Enhanced Oil Recovery Industry to 2027 - Players Include BASF, Halliburton, Royal Dutch Shell and Schlumberger - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 7, 2022

As primary and secondary oil recovery methods can leave up to 75% of the oil in the reservoir, oil extracting companies have started relying on EOR or tertiary oil recovery methods.

Key Points: 
  • As primary and secondary oil recovery methods can leave up to 75% of the oil in the reservoir, oil extracting companies have started relying on EOR or tertiary oil recovery methods.
  • For example, countries like China and India are offering financial incentives to attract multinational companies to invest in the enhanced oil recovery market.
  • What is the structure of the global enhanced oil recovery market and who are the key players?
  • What is the degree of competition in the global enhanced oil recovery market?

Redline Communications Partners with TEC India to Provide Virtual Fiber Solution for India's Largest Oil & Gas Company

Retrieved on: 
Wednesday, December 8, 2021

TORONTO, Dec. 8, 2021 /PRNewswire/ -- Redline Communications Group Inc. ("Redline Communications")(TSX:RDL), a leading provider of mission-critical data infrastructure for remote and harsh environments, announced today that Telephone Electronic Corporation (TEC India), a network and communications system integrator in India, has selected Redline's award-winning Virtual Fiber® solution to support operations for top energy company, Oil and Natural Gas Corporation Limited (ONGC).

Key Points: 
  • TORONTO, Dec. 8, 2021 /PRNewswire/ -- Redline Communications Group Inc. ("Redline Communications")(TSX:RDL), a leading provider of mission-critical data infrastructure for remote and harsh environments, announced today that Telephone Electronic Corporation (TEC India), a network and communications system integrator in India, has selected Redline's award-winning Virtual Fiber solution to support operations for top energy company, Oil and Natural Gas Corporation Limited (ONGC).
  • "Redline's Virtual Fiber solutions are proven to provide extreme reliability and performance that enable true digital transformation of data infrastructure in the oil and gas industry."
  • "Success in the oil and gas sector plays a vital role in our economy and impacts other industries in India," comments Dilip Ajmeras, Managing Director of TEC India.
  • Redline Communications (TSX:RDL) designs and manufactures powerful wide-area wireless networks for mission-critical applications in challenging locations.

Oil and Natural Gas Corporation Limited Selects HPE GreenLake to Modernize its Mission-Critical Infrastructure for SAP/4 HANA and Drive Future Growth

Retrieved on: 
Wednesday, October 27, 2021

ONGC is a leading energy supplier in India that contributes an estimated 71% the nations domestic oil and gas production.

Key Points: 
  • ONGC is a leading energy supplier in India that contributes an estimated 71% the nations domestic oil and gas production.
  • ONGC was looking for a pay-per-use model that could be implemented quickly without any impact on security and availability.
  • As a result, ONGCs full edge-to-cloud infrastructure for the SAP environment is now running on the HPE GreenLake platform.
  • The HPE GreenLake business is rapidly growing with over $5.2 billion USD in total contract value and 900 partners selling HPE GreenLake.

Vantage Drilling International Announces Letter of Award for the Platinum Explorer

Retrieved on: 
Wednesday, February 3, 2021

HOUSTON, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today, that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company (ONGC).

Key Points: 
  • HOUSTON, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today, that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company (ONGC).
  • The Platinum Explorer is currently performing under an existing three-year contract with ONGC, which is expected to conclude in the second quarter of 2021.
  • Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships, including one currently held for sale, and five premium jackup drilling rigs.
  • Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.

India Oil and Gas Market Growth, Trends, and Forecasts Report 2020-2025 - ResearchAndMarkets.com

Retrieved on: 
Monday, November 16, 2020

The "India Oil and Gas Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "India Oil and Gas Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
  • However, a huge dependence over imports of crude oil and natural gas for satisfying domestic demand and high volatility of crude oil prices is expected to restrain the growth of the Indian oil and gas market.
  • Hence, investment in the oil and gas sector has been driving the Indian oil and gas market.
  • The major players are Oil and Natural Gas Corporation, Oil India Limited, Reliance Industries, Indian Oil Corporation Limited, and Punj Lloyd Limited.