Economic Times: ONGC Plans to Bring Smaller Fracking Companies in Texas to India

Oil and Natural Gas Corporation (ONGC) is planning to bring smaller fracking companies in Texas and North Dakota to Indian fields to compete with the dominant oilfield services giants, such as Schlumberger and Haliburton, and bring down prices.

ONGC does part of existing fracking job of about 100 wells annually in-house and outsources the balance to top global firms such as Schlumberger, Haliburton and Baker Hughes. The need to raise output at its onshore fields facing declines for  .. MORE