ONGC has awarded an USD 162-million (over Rs 753 crore) engineering and construction contract for an oil well platform project at the Mumbai High Field to Abu Dhabi-based National Petroleum Construction Company (NPCC).
OPEC held its output quotas unchanged on Tuesday, several ministers said as the producer group called for greater compliance from some members whose overproduction could undercut efforts to support prices.
Petroleum Development Oman (PDO) has awarded an engineering, construction and procurement (EPC) contract for the Saih Nihayda gas compression project to South Korea`s GS Engineering and Construction, the company announced Sunday.
Iraq`s oil minister began counting the money Saturday even before the first wells were drilled, dubbing the country`s second post-war oil auction a triumph even as international oil companies largely snubbed the most violent regions in the Middle East`s last major oil bonanza.
Oil and Natural Gas Corporation,
along with state-run Oil India Ltd and Turkish Petroleum Corp
(TPAO), is likely to bid for Iraq`s giant Halfaya oilfield
under that country`s second licensing round this week.