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India

Asia

BW Offshore FPSO recycling strategy criticised after death at Indian yard

BW Offshore’s strategy for recycling its end-of-life floating production storage and offloading (FPSOs) units has been criticised following a fatality at a ship breaking yard in India. BW is one of the largest operators of FPSOs for the oil and gas sector, but its decommissioned units are being dismantled in yards with questionable health, safety, and environmental credentials.

Asia

India’s ONGC and Equinor team up for clean energy, E&P

India’s Oil and Natural Gas Corporation Limited (ONGC) and Norway’s Equinor will collaborate in the areas of upstream exploration and production (E&P), midstream, downstream, and clean energy options, including carbon capture utilisation and storage (CCUS) in India, after the pair signed a memorandum of understanding (MoU).

Asia

India seeks to sell 1.5% stake in ONGC

India plans to sell as much as 1.5% stake in state-run Oil & Natural Gas Corp., via an offer for sale starting Wednesday, according to an exchange filing.

Oil & Gas

Gazprom asks GAIL to pay for gas imports in euros

Gazprom has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency in the wake of the Ukraine conflict, reported Reuters.

Asia

McDermott delivers largest subsea project in Asia Pacific for India’s ONGC

US engineering giant McDermott has delivered the first ever pipe-in-pipe flowline for production in India as part of Oil & Natural Gas Corporation’s (ONGC)'s KG-DWN 98/2 project in the Krishna Godavari (KG) basin off India’s eastern coast. Significantly, the development is the largest and one of the most complex subsea projects in Asia Pacific, involving major subsea infrastructure installation in ultra-deepwater.