ONGC scraps bids for Daman gas field development over cost concerns ...Middle East

Business Standard - Economy
ONGC scraps bids for Daman gas field development over cost concerns
source : Business Standard ( Middle East ) () 50
State-owned Oil and Natural Gas Corporation (ONGC) has cancelled the bids received for its Daman upside gas development project off the western coast due to high price quotes, sources said. The project is crucial to ONGC's strategy of ramping up gas production from its shallow-water fields off India's west coast. Once completed, the project would lead to nearly doubling of current gas production of 4-5 million standard cubic metres per day. Sources aware of the matter said the bids ONGC received for the project were way higher than the company's internal estimates and so the tender has been cancelled. The tender would now be divided into separate packages and rebid. Engineering and fabricati

Hence then, the article about ongc scraps bids for daman gas field development over cost concerns was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( ONGC scraps bids for Daman gas field development over cost concerns )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

L'Akuvox X910 remporte le Red Dot Award 2026 : le premier interphone intelligent au monde doté d'une IA pour la détection des colis révolutionne l'accès aux maisons de luxe

before 40 minute

Pastor Dino Rizzo Marks 100 Days to Serve Day Ahead of Global Outreach Initiative

before hour & 24 minute

Inside the Race to Control the World’s Lithium Supply

before hour & 27 minute

Why lower fertility does not have to mean economic decline

before 2 hours & 28 minute

Strait of Hormuz Faces Full Shutdown as Iran Escalates Standoff

before 3 hours & 27 minute

WOMEN in the Spotlight! The 2026 Yiwugo Top Boss Ladies Awards Gala Held

before 3 hours & 45 minute

Tankers U-Turn in Persian Gulf as Iran Closes Hormuz Again

before 8 hours & 34 minute

Stocks are soaring. But the Iran war’s economic damage is far from over.

before 9 hours & 14 minute

Zambia: Democratic Senators Press State Department on Conditioning HIV Aid on Economic Concessions

before 11 hour & 20 minute

Der GAC Tech Day 2026 präsentiert fünf Kerntechnologien, die die intelligente Mobilität vorantreiben

before 15 hour & 4 minute

Federal judge blocks $6 billion Nexstar-Tegna TV merger

before 16 hour & minute

Shanghai Electric hlási silné výsledky za rok 2025 - nové objednávky na rekordnej úrovni

before 18 hour & 58 minute

Akemona to Power Upcoming Tokenized Offering for Industrialized Innovation Impact Portfolio I

before 19 hour & 18 minute

ESCMID Global: Maternal RSV vaccination cuts infant hospitalisation risk by over 80%, major UKHSA study finds

before 20 hour

White House Wants a Nuclear Reactor Orbiting the Moon by 2028

before 20 hour & 16 minute