Indian Oil Corporation has signed a five-year deal with Trafigura to import 2.5 million tonnes of LNG in a USD 1.3 billion-1.4 billion agreement, Reuters cited chairman A S Sahney as saying on Wednesday.
The partners will deploy TotalEnergies’ pioneering Airborne Ultralight Spectrometer for Environmental Applications (AUSEA) gas analysis technology at Oil India sites. The drone-mounted AUSEA is a dual sensor capable of detecting methane and carbon dioxide emissions while at the same time identifying their source.
India’s latest round of oil and gas block auction has witnessed significant interest from state-run and private players, with Vedanta Ltd. bidding on all 28 available blocks, highlighting the growing enthusiasm among private players to expand their domestic upstream footprint.
ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin