Infrastructure
India’s ONGC Partners With Norway’s Equinor For Energy Exploration And Carbon Mitigation Measures
India Infrahub
Apr 29, 2022, 08:13 AM | Updated 08:13 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Oil and Natural Gas Corporation Limited (ONGC) has signed a Memorandum of Understanding (MoU) with Equinor ASA, the Norwegian state-owned multinational energy company, for energy exploration and climate change mitigation options like Carbon Sequestration.
The MoU was inked on Wednesday (26 April) in New Delhi for collaboration and partnership in areas of upstream Exploration and Production, midstream, downstream and Clean energy options, including Carbon Capture Utilization and Sequestration (CCUS).
Equinor is the leading operator on the Norwegian continental shelf, present in around 30 countries worldwide.
The MoU was signed during the visit of a high-level delegation of Norway to India. Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, Norwegian Foreign Minister Anniken Huitfeldt, ONGC CMD Dr Alka Mittal and Executive Vice President of Equinor Irene Rummelhoff were present on occasion.
As per the agreement, both ONGC and Equinor will collaborate in the field of upstream oil and gas, midstream, marketing and trading, besides exploring further options in low carbon fuel, renewables, Carbon Capture Storage (CCS) as well as Carbon Capture Utilization and Sequestration (CCUS) opportunities in India.
“The MoU is valid for two years under which both companies have agreed to work together in the areas identified,” the Ministry of Petroleum & Natural Gas said.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.