TotalEnergies partners with OIL India to detect methane emissions

TotalEnergies SE has signed a cooperation agreement with Oil India Ltd. (OIL) to carry out methane emissions detection and measurement. TotalEnergies said in a media release that it will deploy its AUSEA technology at OIL sites in India. The agreement comes shortly after OIL became a member of the Oil and Gas Decarbonization Charter (OGDC),

OIL India, GPS Renewables to form JV to set up biogas plants

GPS Renewables (GPSR), the world’s largest biogas engineering company, and OIL India Limited (OIL) will form a joint venture to establish eight Compressed Biogas (CBG) Plants across India. Under this partnership, OIL India and GPSR will each hold a 50 per cent stake in the proposed joint venture which will oversee the establishment and operation

Crude oil output rises 7.9% to 2.3 MMT in February

Crude oil imports decreased by 6.6 per cent and increased by 0.4 per cent during February 2024 and April-February 2024 respectively India produced a total of 2.3 million metric tonnes (MMT) of crude oil in February 2024 – registering a growth of 7.9 per cent compared to the year-ago period, according to Petroleum Planning &

NTPC and Oil India to build strategic partnership in green projects

NTPC Limited, India’s largest integrated power utility, has signed a non-binding MoU with Numaligarh Refinery Limited (NRL), for partnership opportunities in the proposed bamboo-based Bio-Refinery at NTPC Bongaigaon and other green projects. NRL is a subsidiary of Oil India Limited, which is engaged in the business of refining and marketing of petroleum products. Through this

Oil firms explore using stranded $600 mn to buy Russian oil

Indian Oil Corporation (IOC), a unit of Bharat Petroleum Corporation Ltd, Oil India Ltd and ONGC Videsh Ltd — haven’t been able to repatriate dividend income they accrue from their investments in Russian oil and gas fields. That money is lying in their bank accounts in Russia but could not be brought to India due

Oil India plans to invest Rs 25,000 cr to achieve net-zero targets

State-run Oil India Limited (OIL) plans to invest Rs 25,000 crore to achieve its net-zero emissions target, the oil and gas explorer’s Chairman and Managing Director Ranjit Rath said. Rath said at a press conference that OIL commits to invest in green hydrogen, setting up of 2G ethanol plant, compressed biogas plants, carbon capture utilisation

ONGC, Oil India placed bids for oil blocks

According to a notification by the Directorate General of Hydrocarbons (DGH), a total of 13 bids have been placed for the 10 blocks, out of which ONGC has placed nine bids and others have placed one bid each.