Page 150 - CW E-Magazine (25-2-2025)

Hydrocarbons

INDIA ENERGY WEEK
Oil & gas cos signs multiple pacts for resilient,

sustainable energy future

Indian oil, gas, refi ning and engi- BPCL and SCI will jointly develop
neering companies signed multiple a dedicated and effi cient shipping net-
strategic agreements at the India Energy work for the transportation of crude oil,
Week 2025, reinforcing its commitment gas, and petroleum products.
to securing affordable, sustainable,
and diversifi ed energy supplies while BPCL signs optional term contract
fostering global collaborations. with Petrobras
As part of efforts to diversify crude
TotalEnergies, GSPC sign long-term oil imports, BPCL also signed an
LNG supply deal High fi eld, India’s largest offshore oil- optional term contract with Petrobras,
TotalEnergies and the Gujarat State fi eld. BP will review fi eld performance, Brazil, to import up to six million
Petroleum Corporation Ltd. (GSPC) introduce technological improvements, barrels of crude.
signed on a long-term liquefi ed natural and work to stabilize and enhance pro-
gas (LNG) Sale and Purchase Agree- duction. IOC, BPCL to source LNG from ADNOC
ment (SPA) for ten years starting in To advance India’s shift to a natural
2026. As per the deal, the French oil & OVL signs MoU with Petrobras gas-based economy, Indian Oil Corpo-
gas major will supply GSPC with ONGC Videsh Ltd. (OVL) signed ration Ltd. (IOC) and ADNOC (UAE)
400-ktpa of LNG, amounting to six a non-binding MoU Brazilian oil com- signed a $7-bn contract to source
cargoes per year. pany Petrobras aimed at assessing 1.2-mtpaof LNG for 14 years starting
opportunities in the areas of upstream, in 2026.
The LNG, sourced from Total marketing, decarbonization, and low-
Energies’ global portfolio and delivered carbon solutions, among others. BPCL and ADNOC also entered a
to terminals on India’s west coast, will fi ve-year off-take agreement for 2.4-mt
primarily serve GSPC’s industrial custo- The agreement is aligned with of LNG, with an option to extend for
mers. But it will also supply house- Petrobras’ strategy to develop partner- another fi ve years.
holds for domestic use, businesses, and ships that allow for the sharing of risks
service stations for vehicles running on and expertise. LNG export to Nepal
Compressed Natural Gas (CNG). Expanding its role as a regional
OIL and Petrobras to explore India’s energy supplier, IOC signed its fi rst
BP partners EIL deep and ultra-deep offshore basins LNG export agreement with Nepal’s
BP, known for its vast infl uence in Oil India Ltd. (OIL) and Petrobras Yogya Holdings to deliver 1,000-tonnes
exploration, extraction, refi ning, and also signed an MoU for hydrocarbon annually via cryogenic trucks through
distribution, has joined hands with engi- exploration in India’s deep and Odisha’s Dhamra Terminal.
neering fi rm, Engineers India Ltd. ultra-deep offshore basins under the
(EIL).The MoU, valid for three years, Hydrocarbon Exploration and Licens- BPCL partners Eco Wave Power
will initiate joint working teams to dis- ing Policy. Advancing clean energy initiatives,
cuss future projects that aim to enhance BPCL partnered with Eco Wave Power,
technical support for BP’s operations BPCL & SCI to build shipping ecosystem Israel, to launch India’s fi rst wave
across various segments, with potential Bharat Petroleum Corporation Ltd. energy pilot project in Mumbai.
expansion into other energy vectors. (BPCL) has signed a MoU with the
Shipping Corporation of India (SCI) to BPCL signs agreement with Equinor
ONGC appoints BP as Technical establish a strategic partnership aimed India
Services Provider for Mumbai High at building a world-class shipping eco- BPCL signed an agreement with
ONGC appointed BP as the Techni- system that supports India’s growing Equinor India Pvt. Ltd. for the purchase
cal Services Provider for the Mumbai energy needs. of LPG (propane and butane).

150 Chemical Weekly February 25, 2025

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