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Oil and Natural Gas Corporation

Oil Prices Fall as Markets Welcome Pause in U.S. Strikes on Iran, Raising Hopes for Diplomacy

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Global Energy Markets | Global oil prices declined on Tuesday as investors responded positively to a temporary pause in U.S. military strikes on Iran, boosting expectations that diplomatic negotiations could reduce tensions in the Middle East and help stabilize global energy supplies. Market participants viewed the pause as a potential opportunity to avoid further disruptions … Read more

ONGC Spuds First Deepwater Exploratory Well in Mahanadi Basin, Advancing India’s Offshore Energy Mission

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NEW DELHI: In a landmark development for India’s energy sector, Oil and Natural Gas Corporation (ONGC) has officially commenced drilling its first deepwater exploratory well in the Mahanadi Offshore Basin, marking a major milestone in the country’s ambitious offshore exploration program. The well, named MN-DW18-1-H-D, was virtually spudded on July 25, 2026, by Union Minister … Read more