1. Crude term deal between BPCL & Pterobras, Brazil

India’s BPCL signed an Optional term contract with Brazil’s Petrobras for import of Brazilian crude grades upto 6 million barrels, at India energy Week 2025.  This is another milestone towards India’s energy security & diversification of our sources.

2. LNG Import deal between IOCL & ADNOC

IOCL & ADNOC, UAE signed a Sale & purchase Agreement for sourcing of long term LNG upto 1.2 MMTPA from 2026 onwards for 14 years. The contract is valued over USD 7 billion, marking another milestone towards India’s endeavour to become natural gas based economy.

3. LNG import agreement between BPCL & ADNOC

BPCL & ADNOC, UAE have signed a term LNG offtake agreement on 13^th February 2025. The agreement covers procurement of 2.4 MMT of LNG over a period of 5 years, starting April 2025. The agreement is extendable by another 5 years with mutual consent.

4. LNG export agreement between IOCL & Nepal

India signed its first LNG export agreement at IEW2025. IOCL has signed a Sales Agreement with M/s Yogya Holdings Nepal for export of around 1 Thousand Metric Tonn (TMT) of LNG to Nepal. It will be the first ever sale of LNG to Nepal from India by cryogenic trucks through Dhamra Terminal in Odisha.

Contract for 5 years with annual quantity of 240 Metric Tonnes per annum.

5. MoU between bp plc & ONGC

bp has been selected by ONGC to act as the Technical Services Provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field.

As the TSP, bp will conduct a comprehensive review of the field’s performance and identify improvements as well as implement suitable technological interventions and practices for improving production and recovery from this important national resource.

bp will serve in an advisory role to ONGC identifying recovery technologies and practices with the aim of stabilizing production and reversing decline, returning production from this nationally important oilfield to a strong growth path.

6. MoU between bp plc & EIL

EIL has signed an MoU with BP Business Solutions India Pvt. Ltd. for Collaborative Technical Solutions.

This partnership will focus on refining, terminals, pipelines, and operational developments in oil & gas, with an emphasis on carbon emission reduction, surge studies and energy efficiency improvements across businesses worldwide.

7. MoU between OVL & Petrobras

ONGC Videsh Ltd. (OVL) and Petrobras, Brazil have signed an MoU for joint participation/collaboration in upstream industry in Brazil, India, and third countries including collaboration in producing Oil & Gas projects. The parties will also explore cooperation opportunities across trading, low carbon solutions, digitalization as well as Human capital Development and services.

8. MoU between OIL & Petrobras

Oil India Limited (OIL) & Petrobras, Brazil have signed an MoU for strategic cooperation opportunities in Indian offshore exploration hydrocarbon landscape.

Under this collaboration, OIL and Petrobras will jointly explore opportunities in India’s deep and ultra-deep offshore regions, including the Mahanadi, Andaman, and other sedimentary basins. The partnership aligns with the Government of India’s policy initiatives aimed at accelerating hydrocarbon exploration under the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP).

1. MoU between BPCL & Eco Wave Power, Israel

BPCL has partnered with Eco Wave Power to develop India's first wave energy pilot project, leveraging the nation's substantial wave energy potential as a sustainable and commercially viable renewable resource. The proposed system for BPCL will utilize Eco Wave Power’s proven wave energy converter technology, demonstrating wave energy in Mumbai through a 100 kW pilot installation.

10. MoU between BPCL & National Sugar Institute (NSI), Kanpur, UP

The National Sugar Institute (NSI), Kanpur, renowned for its expertise in the sugar and allied industries, has successfully demonstrated the potential of sweet sorghum for bioethanol production at its in-house facility. NSI is now seeking an industrial partner to scale up this technology. BPCL has partnered with NSI for establishing production systems, capacity building for farmers, and onboarding value chain partners. It also focuses on piloting sweet sorghum for juice-based bioethanol production and cost estimation.

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MONIK