Latest news with #MumbaiHigh
Economic Times
28-05-2025
- Business
- Economic Times
ONGC squandered its future once. Can it be different this time?
Many veterans in the Indian energy sector still swear by that relatively pleasant day of February 1974. A roar of triumph echoed across the Arabian Sea, as engineers and seismic surveyors confirmed what they long envisioned – a vast oil reserve beneath the seabed off the coast of Mumbai. This discovery, which would later be known as Mumbai High, added fuel to India's energy dreams. And at the core of all the actions was Oil and Natural Gas
Time of India
27-05-2025
- Business
- Time of India
ONGC squandered its future once. Can it be different this time?
Many veterans in the Indian energy sector still swear by that relatively pleasant day of February 1974. A roar of triumph echoed across the Arabian Sea, as engineers and seismic surveyors confirmed what they long envisioned – a vast oil reserve beneath the seabed off the coast of Mumbai. This discovery, which would later be known as Mumbai High, added fuel to India's energy dreams. And at the core of all the actions was Oil and Natural Gas
Time of India
08-05-2025
- Business
- Time of India
ONGC denies report on cancellation of Mumbai High Tender
New Delhi: State-owned Oil & Natural Gas Corporation ( ONGC ) today said it categorically denies the "speculative nature" of a media report regarding the Mumbai High tender and the company's partnership with bp. A news item titled 'ONGC Cancels Mumbai High Tender, Uncertainty Looms over bp Partnership ' was published on 8 May 2025. The article claimed: 'A major development has rocked the oil and gas sector . Reports suggest that ONGC has cancelled its much-talked-about Mumbai High tender.' "ONGC categorically denies the speculative nature of the above report, which creates room for misinterpretation regarding the continuity of ONGC's strategic partnership with bp," the company said in a statement. ONGC also clarified that the contract between ONGC and bp, as the Technical Services Provider (TSP) for the Mumbai High field , remains effective and operating.
