Oil and Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (Reliance) signed a path-breaking agreement during the ongoing India Energy Week 2026 to enable resource sharing for deepwater offshore exploration and production (E&P) operations on India's East Coast, particular
Oil India Limited (OIL), a Maharatna company under the Ministry of Petroleum and Natural Gas, on Friday, reported the occurrence of natural gas in its second exploratory well drilled in the Andaman Shallow Offshore Block, marking a significant step in its ongoing exploration campaign.
Oil India Limited is significantly expanding its offshore exploration activities with a strong focus on deepwater and ultra-deepwater basins, while also initiating cost optimisation efforts to safeguard margins amid global price fluctuations, said Ranjit Rath, Chairman & Managing Director of