NEW DELHI: BP plc is raising its bet on India, the main driver of global energy demand growth, by holding its full board meeting in the country as the UK major’s exploration business faces climate and transition headwinds elsewhere.This is the second time that the BP board is holding meetings in India, which coincides with…
BETUL (GOA): State-run ONGC and NTPC Green Energy Ltd, a subsidiary of NTPC on Wednesday signed a joint venture agreement to develop renewable energy projects, with focus on offshore wind. The JV, signed at the India Energy Week, envisages building renewable energy projects both within India and overseas.The scope also includes projects in battery storage,…
NEW DELHI: State-run ONGC has won international arbitration for a total of Rs 1,000 crore in cost-sharing disputes against Petrobras of Brazil, ENI of Italy and Rocksource — now known as Pure E&P — of Norway more than a decade after the global majors exited three offshore exploration blocks in the Mahanadi, Krishna-Godavari and Cauvery…
NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has started oil production from its much-delayed flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, which will help reverse years of decline in output. The ‘first oil’ from the deep-water KG-DWN-98/2 block in Bay of Bengal has flowed on…
