BP Wins Bid to Operate ONGC's Mumbai High Fields
Hindustan Times East UP|January 09, 2025
UK's BP Plc won a bid for ONGC's giant Mumbai High oil and gas field, offering to raise crude oil production by 44% and natural gas by a staggering 89% over a 10-year period, potentially changing the fortunes of the vintage field.
Press Trust of India

NEW DELHI:

Oil and Natural Gas Corporation (ONGC) in a stock exchange filing said it has selected BP Exploration (Alpha) Ltd, a wholly-owned step-down subsidiary of BP Plc, as the Technical Service Provider (TSP) for raising production in the field.

ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High fields, offering a share of revenue from incremental production plus a fixed fee but not any equity stake.

BP and Royal Dutch Shell put in an Expression of Interest (EoI) at the close of the tender in September.

Diese Geschichte stammt aus der January 09, 2025-Ausgabe von Hindustan Times East UP.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 09, 2025-Ausgabe von Hindustan Times East UP.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS HINDUSTAN TIMES EAST UPAlle anzeigen
Hindustan Times East UP

Refiners pull all levers to replace Russian shipments

RUSSIA RANKED AS INDIA'S NO. 1 OIL SUPPLIER BY VOLUME LAST YEAR, BEATING IRAQ AND SAUDI ARABIA

time-read
1 min  |
January 24, 2025
Hindustan Times East UP

UGC Opens New Front in Federalism Battle

The draft UGC (Minimum Qualifications for Appointment and Promotion of Teachers and Academic Staff in Universities and Colleges and Measures for the Maintenance of Standards in Higher Education) Regulations, 2025 has become a new flashpoint in Centre-state relations.

time-read
1 min  |
January 24, 2025
Hindustan Times East UP

Scientific Temper, Social Benefit the Only Holy Cows

Can there be \"public science of cow sacrality\"? Veezhinathan Kamakoti, the director of the Indian Institute of Technology (IIT) Madras, recently attempted this when he advocated cow worship based on some scientific research and considerable religious passion.

time-read
3 Minuten  |
January 24, 2025
Hindustan Times East UP

Shubhankar eyes a happy homecoming

In terms of statistics alone, Shubhankar Sharma has had a pretty consistent 2024 where he made the cut 21 times in 26 starts and had two top-10 finishes in Europe's DP World Tour.

time-read
2 Minuten  |
January 24, 2025
Hindustan Times East UP

Why India badly needs a trauma care ministry

As we head into India's annual Budget exercise, I have a suggestion for finance minister Nirmala Sitharaman. Even as she balances priorities and determines who gets how much out of the growing pie of tax money, can a new ministry (or department) for trauma care be considered?

time-read
3 Minuten  |
January 24, 2025
Hindustan Times East UP

Tata Motors Says Profits Hurt by China Economic Slowdown

Jaguar Land Rover's Indian owner said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles are hurting sales of traditional top-end cars.

time-read
1 min  |
January 24, 2025
Hindustan Times East UP

'Star culture' and BCCI's leaked, unofficial diktat

You know that BCCI policy document? The version floating around which reads as if it was written by Chat GPT wasn't meant to be released to the public.

time-read
2 Minuten  |
January 24, 2025
Hindustan Times East UP

NRAI Plans to Approach CCI Over 'Private Labelling' by Zomato, Swiggy

NRAI Has Raised Concerns Over 'Anti-Competitive' Practices of Food Delivery Aggregators, Data Masking and 'Deep Discounting'

time-read
1 min  |
January 24, 2025
Hindustan Times East UP

Rubio Discusses Iran Issue, Gaza Hostages With Israeli Premier

US Secretary of State Marco Rubio spoke with Israeli Prime Minister Benjamin Netanyahu on Wednesday to reiterate Washington's support for its ally, and the two also discussed Iran and Israeli hostages in Gaza, the State Department said.

time-read
1 min  |
January 24, 2025
Hindustan Times East UP

178 Troops Freed Over Deadly 2009 Mutiny

Bangladesh let 178 former paramilitary troops walk free from jail on Thursday, nearly 16 years after they were detained over a violent mutiny that massacred dozens of senior army officers.

time-read
1 min  |
January 24, 2025