Oil India Ltd to collaborate with homiHydrogen for green hydrogen value chain

India’s second-largest oil and gas explorer, Oil India Ltd, has announced that it has signed an initial agreement with homiHydrogen to work together in the green hydrogen value chain. As per the agreement, both the companies will work together to boost India’s efforts towards energy transition for achieving net-zero by 2070 and support development of

India’s affinity for US shale plays fading slowly but surely

The move by state-run explorer Oil India Ltd to exit the US shale business months after Reliance Industries divested all its US shale assets signals the intent of India’s oil companies to reduce their overseas footprint and focus at home where the energy landscape is expected to change at breakneck speed, analysts told S&P Global

India’s oil production continues to slip, down 2% in December

India’s production of crude oil, which is refined to produce petrol and diesel, continued to decline in December 2021, with lower output from state-owned ONGC leading to a near 2 per cent drop, official data showed on Wednesday. Oil production in December 2021 was 2.51 million tonnes, down from 2.55 million tonnes a year earlier