• 2014 October 28 16:06

    ONGC and ONGC Videsh (India) sign MOU with PVEP, Vietnam

    Oil and Natural Gas Corporation Limited (ONGC) signed a Memorandum of Understanding (MOU) with Petrovietnam Exploration Production Corporation Ltd. (PVEP - a wholly owned subsidiary of Vietnam Oil and Gas Group (Petrovietnam), for mutual cooperation for exploration in the NELP Blocks of ONGC in Andaman and Cauvery Basins, subject to due diligence and negotiations on terms of participation. The MOU was signed by Mr. Dinesh K. Sarraf, Chairman & Managing Director, on behalf of ONGC and Dr. Do Van Khanh, President & CEO on behalf of PVEP,the company announced in its press release.

    ONGC Videsh Limited also signed a Heads of Agreement (HOA) with PVEP for mutual cooperation for exploration in Blocks 102/10 & 106/10 of PVEP and Block 128 of ONGC Videsh in offshore Vietnam, subject to due diligence and negotiations on terms of participation. The HOA was signed by Mr. Narendra K. Verma, Managing Director on behalf of ONGC Videsh and Dr. Do Van Khanh, President & CEO on behalf of PVEP.

    Both the MOU and the HOA were exchanged in the gracious presence of visiting Prime Minister of Vietnam H.E. Mr. Nguyen Tan Dung and Hon'ble Prime Minister of India, Shri Narendra Modi at Hyderabad House, New Delhi on 28th October, 2014.

    ONGC Videsh forayed into Vietnam as early as 1988, when it was awarded the exploration license for Block 06.1. Presently the Block is producing natural gas. The company also got exploration Blocks 127 and 128 in 2006. Block 127 was relinquished after completing the work programme. Block 128 is currently under exploration.

    About ONGC
    ONGC's market capitalisation as on 27th October, 2014, was INR 3,391 billion (US$ 56.5 billion). During the financial year ended 31 March 2014, ONGC Group had produced 59.20 million tonne of oil and oil equivalent gas (mmtoe) (approx. 1.2 mmboe per day); the Gross Revenue was INR 1,744.7 billion (US$ 29.46 billion) and total oil and gas reserves were 2,004 mmtoe as on 31st March 2014.

    About ONGC Videsh
    ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is India's largest international oil and gas E&P Company. At present, ONGC Videsh has participation in 35 projects in 16 countries including Azerbaijan,Bangladesh, Brazil, Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, Syria, Venezuela and Vietnam. ONGC Videsh is currently producing 160 thousand barrels of oil and oil equivalent gas per day and has total oil and gas reserves of about 637 mmtoe as on 31st March 2014.


2024 November 13

18:00 COSCO Shipping Energy orders 6 new VLCCs
17:12 ABS, CCS and DNV approve COSCO's 50,000 cubic metre dual-fuel ammonia tanker design
16:47 Odfjell to use digital twins for weather routing on chemical tankers
14:51 Establishing an emission control area for ships in the North Atlantic Ocean could prevent several thousand premature deaths through 2050 - ICCT
14:11 Erma First Group acquires Ecochlor to lead the global BWTS market
13:53 Höegh Autoliners and Fortescue call for faster adoption of clean ammonia marine fuel at COP29
13:24 INEOS and Royal Wagenborg sign multi-year contract for CO2 carrier
12:22 Bureau Veritas acquires technical advisory company Versatec Energy
11:47 Wuchang Shipbuilding launches the large navigation ship of the South China Sea Navigation Support Center
11:24 GTT receives an order from China Merchant Heavy Industry-Jiangsu for the tank design of a new LNG сarrier
10:52 Thecla Bodewes Shipyards successfully launches 5,050dwt vessel 'Iana’ for Transtal Shipping
10:00 ACCIONA to build a new breakwater to shelter floating port terminal in Ravenna
09:21 Bureau Veritas embarks with Selar to certify its pioneering wind and solar powered polar expedition vessel

2024 November 12

18:06 Iraq shortlists 11 firms for Grand Faw port operation, decision in January 2025
17:42 ZeroNorth and Vitol launch digital bunker trial in port of Rotterdam
17:24 LR MDH joins call to accelerate adoption of zero-emission fuels by 2030
16:41 Port of Rotterdam Authority sets tariffs for the next three years
16:25 Vitol Terminal Latvia introduces new aniline transshipment service
15:45 UECC and Daphne Technology join forces to drive advanced emissions monitoring on UECC’s latest vehicle carrier
15:18 Seatrium inks LoI for a Heavy Lift Vessel for Japan’s wind market
14:55 Silverstream and Yiu Lian Dockyards (Shekou) sign MoU to drive Silverstream® System installations
14:13 AD Ports Group delivers record revenue of AED 4.66 bln and total net profit of AED 445 mln in Q3 2024
13:44 BAR Technologies signs an agreement with WindWaves to manufacture new 20 and 24 metre WindWings
12:31 Sanmar delivers powerful escort tug to P&O Maritime Logistics
11:40 e1 Marine and STAX Engineering partner on innovative barge-based emission capture and control project
11:00 New Yangzi Shipbuilding delivers SEASPAN's 12th dual-fuel medium-sized container ship
10:31 Van Oord completes major dredging project in Egypt
10:03 Zhenhua Heavy Industries launched the world's largest piling vessel for CCCC Second Harbor Engineering Bureau
09:49 Telemar announces agreement to install and maintain Sealution’s shipboard data collection technology

2024 November 11

18:00 ADNOC Gas to buy 60% in Ruwais LNG plant
17:18 Strategic Marine signs contract with Mainprize Offshore for six new Supa Swath vessels, with options for six more
17:01 Hanwha Ocean wins 713.5 bln-won deal to build two LNG carriers for Maran Gas Maritime
16:35 One missing after MSDF vessel sinks due to fire off Fukuoka
16:05 Northern European ports in collaboration receive EU funding for onshore power for container ships
15:32 Maersk Tankers to deploy suction sail technology at scale to reduce CO2 emissions
15:12 CMA CGM's revenue up 38.5% to USD 15.8 bln in Q3 2024
14:45 DP World Australia announces acquisition of Silk Logistics
13:24 SAFEEN Group achieves Guinness World Record for most powerful electric tugboat
12:53 Höegh Evi to partner with SEMOP Port-La Nouvelle to develop strategic infrastructure for hydrogen import to France and Europe
12:08 ICTSI's Adriatic Gate Container Terminal hit 2 more milestones
11:24 Daito Corporation to build an electric tugboat
10:43 Hudong Zhonghua completes sea trial of LNG carrier built for Qatar Energy
10:20 CSSC Engine delivers China's first domestically produced methanol dual-fuel main engine
09:47 Hapag-Lloyd acquires German ship management company Hamburger Lloyd

2024 November 10

15:03 Keel laying ceremony marks the birth date of new ships for Scilly
13:44 Singapore is strengthening its position as a global hub for supply chain management (SCM)
12:13 ACP: Panama Canal could double the number of containers transiting
11:38 INOX India Ltd announces Q2FY25 Results
10:09 Chittagong port sees 13% fall in export container handling

2024 November 9

13:41 Montreal port employers threaten shutdown over labour dispute
12:49 China Merchants signs letter of intent with Brazilian port authority Portos do Parana
11:08 ZIM integrates Hoopo’s solar tracking solutions
09:52 Mexican terminal TMAZ welcomes arrival of MSC vessel

2024 November 8

18:00 Greece, Turkey to keep talking on maritime boundaries agenda
17:35 Montreal Port urges Trudeau government to end strike
17:24 Yangzijiang Shipbuilding receives 98 new orders this year
16:57 Utilizing Milbros UV Graphs improves chemical tank cleaning safety and turnaround
16:25 Transnet National Ports Authority pilots usage of cleaner fuels on its tugboat fleet
15:34 Wallenius Wilhelmsen exercise options for two additional 11,700 CEU Shaper vessels
15:02 IMO heads to COP 29 to promote net-zero framework for shipping
14:45 Fincantieri, VARD and Sandock Austral Shipyards form alliance around the Afrika Offshore Patrol Vessel
14:25 KOTUG’s SD Waalo begins maiden voyage under bp charter for LNG operations
12:43 QatarEnergy inaugurates four LNG vessels, the first from Korean shipyards
12:24 Fincantieri finalizes order with Crystal for a new high-end cruise ship
10:09 Friday Shipbrokers fix chartering project with Boskalis to transport car carrier to China for repair
09:20 ExxonMobil successfully supplies Hapag-Lloyd with B25 bio marine fuel blend in Antwerp

2024 November 7

18:00 Innovation Norway and Team Norway sign two agreements aimed at advancing sustainable maritime solutions
17:54 MABUX: Bunker price trends in the world's four largest hubs, Nov 4 - Nov 8, 2024
17:36 Konecranes expands emissions reduction ambition by committing to setting long-term, science-based net-zero targets
17:16 HD KSOE receives AiP from LR and LISCR for ammonia fuel-related equipment