Western Oil Companies To Bolster Presence In China’s Arch Rival | OilPrice.com

- Mar 21, 2023, 3:00 PM CDT

The MoU between TotalEnergies and ONGC is geared towards the initial exploration of deepwater blocks, especially in and around Mahanadi and Andaman off India’s east coast, according to the French company’s tweet. Towards this end, ONGC last year also signed afor deepwater exploration on India’s east and west coasts. This latter deal will focus on the exploration of the Krishna Godavari and Cauvery Basins in the eastern offshore area and the Kutch-Mumbai region in the western offshore.

India’s role as the US counterpoint to China in the Indo-Pacific region was further underlined by data released in the first quarter of 2021 by the IEA. This showed that India would make up the biggest share of energy demand growth - at 25 percent - over the next two decades, as it overtook the European Union as the world’s third-biggest energy consumer by 2030. India’s energy consumption was expected to nearly double as the nation’s GDP expanded to an estimated USD8.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two companies, one trade: the switch that keeps Putin’s oil flowing\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »

Kuwait Oil Company Declares State Of Emergency After Onshore Oil Spill | OilPrice.comThe state-owned oil firm of Kuwait declared a state of emergency on Monday following an oil spill on land. Oil ⬆️
Source: OilandEnergy - 🏆 34. / 68 Read more »

Oil Market Fundamentals Push Oil Prices Higher | OilPrice.comWhile it may only be brief, oil prices climbed higher at the start of the week as the fundamentals of supply disruptions and growing demand hit home. Good days when we could forecast oil price by the fundamentals... Now we expect one thing, and market goes the opposite way.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Customers pay price as water companies spend twice as much on debt as on environment investmentMore than twice as much is spent on debts and dividends by England’s nine water and sewage companies as on reducing sewage in rivers and making other environmental improvements, analysis by theipaper has found 💧 DavidParsley50 reports
Source: i newspaper - 🏆 8. / 89 Read more »