India Aims to Replicate Guyana’s Success in Deepwater Oil Exploration
India is stepping up its efforts to boost domestic fossil fuel production, placing special emphasis on deepwater exploration in the Andaman region, and aiming to replicate Guyana’s success. This was stated to journalists by Minister of Petroleum and Natural Gas Hardeep Singh Puri. The minister recalled that the government had …
The Republic of India Has Proposed That the Russian Federation Participate in Oil and Gas Exploration Across 200,000 Square Kilometers of Its Territory
The Republic of India is offering the Russian Federation access to 200,000 square kilometers of its territory for oil and gas exploration. This was announced by Hardeep Singh Puri, the Minister of Petroleum and Natural Gas of the Republic of India. “We are offering 200,000 square kilometers for drilling in …
BP Secures Its First Exploration License in India in Partnership with ONGC and Reliance
At the same time, India has launched its tenth — and largest to date — licensing round, offering 25 blocks covering nearly 192,000 square kilometers. Source
India Wants to Look for Offshore Oil Outside the Economic Zone
According to The Times of India newspaper, exploration of the continental shelf in other areas will allow assessing the potential for hydrocarbons and other minerals in the interests of the country‘s economic security. The Government of India plans to involve the Oil and Natural Gas Corporation (ONGC) and Oil India …
India’s Oil Minister Calls for Intensified Hydrocarbon Production
Hardeep Singh Puri noted that this is necessary to reduce the republic’s dependence on imports Indian Oil and Natural Gas Minister Hardeep Singh Puri called for intensified oil and gas production on his territory to reduce the South Asian republic’s dependence on imports and ensure fuel availability. According to NDTV, …
ONGC Asked The Russian Federation to Help Formalize Its Participation in The New Operator Sakhalin-1
Indian ONGC is actively working to transfer its share of the assets of the liquidation fund of the Sakhalin-1 PSA project to a new operator (Sakhalin-1 LLC) and has turned to Russia for assistance, Vinod Hallan, chief executive officer for finance of ONGC Videsh Limited, said at a conference with …
Strategically Important Mineral Resources Will Be Auctioned in India
The first such auction will take place on November 29 on a special online platform. The Government of India is organizing an auction of rare earth resources and minerals that are of strategic importance to the country’s economy. According to the Indian Ministry of Coal Industry, the first such auction …
TAGRAS Strengthens Ties With Partners From India
On October 9-10, TAGRAS Holding was visited by a delegation from Oil India Limited on a partner visit. The guests got acquainted with the company’s production potential and visited the divisions’ sites. The working meeting of representatives of Oil India Limited and the management of TAGRAS Holding was attended by …
India Has Not Received an Offer to Buy Exxon’s Stake in Sakhalin-1
ExxonMobil announced in March 2022 its withdrawal from the project and departure from Russia India has not received an offer to buy Exxon’s stake in the new operator of the Sakhalin-1 oil and gas project. Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain told reporters …
Indian ONGC Said It Wants to Get a Share of the Oil Produced at Sakhalin-1
CEO of ONGC’s investment division Rajarshi Gupta believes that negotiations with the Russian side and other shareholders could last six months The Indian company ONGC intends to produce oil as part of its share in the Sakhalin-1 project and expects that negotiations on this could take up to six months. …