India's ONGC signs MoU with Equinor
Indian state-run energy company ONGC has signed a memorandum of understanding (MoU) with Equinor to collaborate in a number of areas including upstream and carbon capture utilisation and sequestration (CCUS), ONGC said on April 27.
As per the MoU, both ONGC and Equinor will collaborate with each other 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 CCUS opportunities in India.
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The MoU is valid for two years under which both companies have agreed to work together in the areas identified.