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State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects. The memorandum of understanding (MoU) was inked on April 26, the company said in a statement.
The agreement is “for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS),” it said.
The MoU was signed during the visit of a high-level delegation of Norway to India
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, Norwegian Foreign Minister Anniken Huitfeldt, ONGC Chairman and Managing Director Alka Mittal and Executive Vice President of Equinor Irene Rummelhoff were present on the occasion.
“As per the agreement, both ONGC and Equinor will collaborate with each other in the field of upstream oil and gas, midstream, marketing and trading, besides exploring further options in low carbon fuel, renewables, Carbon Capture Storage (CCS) as well as Carbon Capture Utilisation and Sequestration (CCUS) opportunities in India,” it said.
The MoU is valid for two years under which both companies have agreed to work together in the areas identified.
State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday. Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal.
The Petroleum and Natural Gas Regulatory Board (PNGRB) had offered 5 Geographical Areas (GAs), 27 districts in five states, in the 11A city gas distribution (CGD) bid round.
BPCL won the license for a GA comprising districts such as Lakhimpur Kheri, Sitapur and Mahrajganj in Uttar Pradesh and another for Chhattisgarh’s Koriya, Surajpur, Balrampur and Surguja districts have been clubbed into one GA, PNGRB said in a statement.
HPCL won the license for a GA made up of Banka in Bihar as well as Dumka, Godda, Jamtara and Pakur districts in Jharkhand. It also won the license for GA made up of Birbhum, Murshidabad, Malda and Dakshin Dinajpur districts of West Bengal.
GAIL Gas Ltd, a unit of state gas utility GAIL, won the license for the Kodagan, Bastar, Sukma, Bijapur and Dantewada districts in Chhattisgarh.
“Letter(s) of Intent to successful bidders for the 5 GAs has been issued on April 27, 2022,” the PNGRB noted.
Bids for the 5 GAs were received on April 6, it said. “21 bids have been received from 7 bidders with no single bid in any GA.”
The sixth GA of Yanam in has been added to the bid round and bids for this area are due on May 10.
After this bid roun, about 88 per cent of the country’s area would be authorised for the development of city gas distribution (CGD) network to provide access to natural gas to approximately 98 per cent of the population, the PNGRB said.
Posted by rli_admin on Friday, April 29th, 2022 at 11:58 am and is filed under Upcoming Events.
India has asked state-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said.
BP has announced it is abandoning its 19.75% stake in Rosneft.
The oil ministry last week conveyed its intent to ONGC NSE -0.36 % Videsh Ltd (OVL), Indian Oil Corp NSE -0.50 %., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL NSE 1.74 % (India) Ltd, the sources said.
The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL (India) Ltd, the sources said.
State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects. The memorandum of understanding (MoU) was inked on April 26, the company said in a statement.
The agreement is “for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS),” it said.
The MoU was signed during the visit of a high-level delegation of Norway to India
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, Norwegian Foreign Minister Anniken Huitfeldt, ONGC Chairman and Managing Director Alka Mittal and Executive Vice President of Equinor Irene Rummelhoff were present on the occasion.
“As per the agreement, both ONGC and Equinor will collaborate with each other in the field of upstream oil and gas, midstream, marketing and trading, besides exploring further options in low carbon fuel, renewables, Carbon Capture Storage (CCS) as well as Carbon Capture Utilisation and Sequestration (CCUS) opportunities in India,” it said.
The MoU is valid for two years under which both companies have agreed to work together in the areas identified.
State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday. Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal.
The Petroleum and Natural Gas Regulatory Board (PNGRB) had offered 5 Geographical Areas (GAs), 27 districts in five states, in the 11A city gas distribution (CGD) bid round.
BPCL won the license for a GA comprising districts such as Lakhimpur Kheri, Sitapur and Mahrajganj in Uttar Pradesh and another for Chhattisgarh’s Koriya, Surajpur, Balrampur and Surguja districts have been clubbed into one GA, PNGRB said in a statement.
HPCL won the license for a GA made up of Banka in Bihar as well as Dumka, Godda, Jamtara and Pakur districts in Jharkhand. It also won the license for GA made up of Birbhum, Murshidabad, Malda and Dakshin Dinajpur districts of West Bengal.
GAIL Gas Ltd, a unit of state gas utility GAIL, won the license for the Kodagan, Bastar, Sukma, Bijapur and Dantewada districts in Chhattisgarh.
“Letter(s) of Intent to successful bidders for the 5 GAs has been issued on April 27, 2022,” the PNGRB noted.
Bids for the 5 GAs were received on April 6, it said. “21 bids have been received from 7 bidders with no single bid in any GA.”
The sixth GA of Yanam in has been added to the bid round and bids for this area are due on May 10.
After this bid roun, about 88 per cent of the country’s area would be authorised for the development of city gas distribution (CGD) network to provide access to natural gas to approximately 98 per cent of the population, the PNGRB said.
Posted by rli_admin on Friday, April 29th, 2022 at 11:58 am and is filed under Upcoming Events.
India has asked state-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said.
BP has announced it is abandoning its 19.75% stake in Rosneft.
The oil ministry last week conveyed its intent to ONGC NSE -0.36 % Videsh Ltd (OVL), Indian Oil Corp NSE -0.50 %., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL NSE 1.74 % (India) Ltd, the sources said.
The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL (India) Ltd, the sources said.
State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects. The memorandum of understanding (MoU) was inked on April 26, the company said in a statement.
The agreement is “for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS),” it said.
The MoU was signed during the visit of a high-level delegation of Norway to India
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, Norwegian Foreign Minister Anniken Huitfeldt, ONGC Chairman and Managing Director Alka Mittal and Executive Vice President of Equinor Irene Rummelhoff were present on the occasion.
“As per the agreement, both ONGC and Equinor will collaborate with each other in the field of upstream oil and gas, midstream, marketing and trading, besides exploring further options in low carbon fuel, renewables, Carbon Capture Storage (CCS) as well as Carbon Capture Utilisation and Sequestration (CCUS) opportunities in India,” it said.
The MoU is valid for two years under which both companies have agreed to work together in the areas identified.
State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday. Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal.
The Petroleum and Natural Gas Regulatory Board (PNGRB) had offered 5 Geographical Areas (GAs), 27 districts in five states, in the 11A city gas distribution (CGD) bid round.
BPCL won the license for a GA comprising districts such as Lakhimpur Kheri, Sitapur and Mahrajganj in Uttar Pradesh and another for Chhattisgarh’s Koriya, Surajpur, Balrampur and Surguja districts have been clubbed into one GA, PNGRB said in a statement.
HPCL won the license for a GA made up of Banka in Bihar as well as Dumka, Godda, Jamtara and Pakur districts in Jharkhand. It also won the license for GA made up of Birbhum, Murshidabad, Malda and Dakshin Dinajpur districts of West Bengal.
GAIL Gas Ltd, a unit of state gas utility GAIL, won the license for the Kodagan, Bastar, Sukma, Bijapur and Dantewada districts in Chhattisgarh.
“Letter(s) of Intent to successful bidders for the 5 GAs has been issued on April 27, 2022,” the PNGRB noted.
Bids for the 5 GAs were received on April 6, it said. “21 bids have been received from 7 bidders with no single bid in any GA.”
The sixth GA of Yanam in has been added to the bid round and bids for this area are due on May 10.
After this bid roun, about 88 per cent of the country’s area would be authorised for the development of city gas distribution (CGD) network to provide access to natural gas to approximately 98 per cent of the population, the PNGRB said.
Posted by rli_admin on Friday, April 29th, 2022 at 11:58 am and is filed under Upcoming Events.
India has asked state-run energy companies to evaluate the possibility of buying European oil major BP’s stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said.
BP has announced it is abandoning its 19.75% stake in Rosneft.
The oil ministry last week conveyed its intent to ONGC NSE -0.36 % Videsh Ltd (OVL), Indian Oil Corp NSE -0.50 %., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL NSE 1.74 % (India) Ltd, the sources said.
The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum’s subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL (India) Ltd, the sources said.
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