04 January 2024
04 January 2024
Under the current contract, India's leading gas importer, Petronet LNG, buys 7.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Qatar.
Petronas, a Malaysian energy company, operates the Ketapang block with an 80% participating interest.
Oil and Natural Gas Corporation (ONGC) emerged as the dominant player in the Open Acreage Licensing Policy (OALP-VIII) bid round, securing seven out of ten blocks.
The acquisition includes six underground storage facilities in Louisiana and Mississippi.
ONGC Videsh (OVL) in India will receive oil to recoup its pending stake in a project in Venezuela.
The project scope includes the recovery of old risers, installation of ten replacement risers and a gas lift umbilical.
Chevron will exclude the charges from its fourth quarter (Q4) adjusted earnings.
The parties signed a memorandum of understanding (MOU), further deepening their partnership following a series of agreements in March 2023.
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