What's New: Crude Oil
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ONGC and Reliance Agreement to Share Deepwater Resources on India`s East Coast
January 28, 2026
Oil and Natural Gas Corporation Limited and Reliance Industries Limited have signed an agreement to enable resource sharing for deepwater offshore E&P operations on India`s East Coast, particularly across the Krishna Godavari (KG) basin and Andaman offshore, marking a major step towards cost optimization, faster execution, and improved asset utilization in complex deepwater projects
Andaman Oil Exploration
August 11, 2025
Government is taking sustained measures towards exploring and identifying crude oil and hydrocarbon reserves in the Andaman-Nicobar basin so that they can contribute to the country`s long term energy security and reduce import dependence
Shell, Reliance, and ONGC set benchmark with India's first offshore facilities decommissioning project
May 5, 2025
In a landmark achievement for India's energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have successfully completed the country's first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities
OALP Round-IX and Special DSF Awards Signing
April 15, 2025
The signing ceremony for the Open Acreage Licensing Policy (OALP) Round-IX and Special Discovered Small Field (DSF) was held on 15th April 2025
bp wins global ONGC tender to enhance production in largest oilfield in India
January 9, 2025
bp has been selected by Oil and Natural Gas Corporation to act as the Technical Services Provider (TSP) for the Mumbai High field, India's largest and most prolific offshore oil field that lies approximately 160 kilometers into the Arabian Sea off the Mumbai coast
Open Acreage Licensing Policy Update
January 3, 2024
Ministry of Petroleum and Natural Gas (MoPNG) has signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) Bid Round-VIII and 3 Coal Bed Methane (CBM) Blocks awarded under Special CBM Bid Round-SCBM 2022. OALP-IX Bid Round was also launched at the event