ONGC targets 25 offshore blocks with global firms

17 Oct 2023 CW Team

The Oil and Natural Gas Corporation (ONGC) hosted a roadshow on October 16-17, 2023 at Hotel Le Royal Meridien in Abu Dhabi. The purpose of the event was to attract global oil and gas firms for collaboration opportunities in offshore oil and gas projects in India.

During the roadshow, insights into business opportunities within India's offshore oil and gas infrastructure sector were provided. ONGC emphasised their ambitious Energy Strategy 2040 in light of the changing energy landscape. They expressed their commitment to doubling oil and gas production, expanding refining capacity, diversifying into renewable energy, and strengthening non-oil and gas ventures.

To achieve their growth and diversification objectives, ONGC was focusing on the early monetization of discoveries through fast-tracked project execution. They were investing in Deepwater exploration, Improved Oil Recovery (IOR), and Enhanced Oil Recovery (EOR) projects to maximize production efficiency and access previously untapped reserves.

In the next three years, ONGC planned to swiftly develop multiple offshore fields. Their strategy involved establishing over 25 offshore facilities, laying more than 1000 kilometers of subsea pipelines, and developing associated infrastructure, with an investment forecast of $11 billion.

ONGC, founded in 1956, had been instrumental in India's energy sector. The company stressed the significance of hydrocarbons for India's energy security and economic growth. They pledged to support the nation's growing energy demands, which were projected to double by 2050, aligning with the growth of renewable energy sources.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..