ONGC inks MoU with Norway’s Equinor for E&P, clean energy

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 […]

BPCL, HPCL walk away with city gas licenses in latest bid round

  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 […]

India asks state-run firms to consider buying Russian oil assets

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 […]