Latest news with #OpenAcreageLicensingPolicyRound10
Time of India
08-07-2025
- Business
- Time of India
India seeks offshore tech tie-ups for deep-sea oil, hydrogen collaboration with Norway
New Delhi: India is seeking collaboration on offshore energy technologies with Norwegian firms as it prepares to explore more than 2.5 lakh square kilometres under the Open Acreage Licensing Policy (OALP) Round-10, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said. In a post on X, the minister said the country is looking to develop a full exploration and production (E&P) deepwater technology ecosystem under the leadership of Prime Minister Narendra Modi. "As India plans to explore over 2.5 lakh sq kms in Open Acreage Licensing Policy Round 10 in one of the largest offshore exploration bidding rounds globally, we are trying to develop a full E&P deepwater technology ecosystem in India, under the visionary leadership of PM Narendra Modi," Puri said on X. Puri participated in a roundtable with representatives of the Offshore Energy Cluster in Bergen, Norway, to discuss a range of technologies for deep-sea hydrocarbon exploration. The discussions covered well services, subsea operations, testing, maintenance operations, drilling tools, drilling submersible rigs, well completion services, high pressure high temperature wells, drillships, and monitoring technologies. "In a roundtable with representatives of Offshore Energy Cluster in Bergen, Norway we held invigorating discussions on technologies including well services, subsea operations, testing, maintenance operations, drilling tools, drilling submersible rigs, well completion services, high pressure high temperature wells, drillships, monitoring technologies covering the entire gamut of hydrocarbons exploration, particularly deep sea exploration by the Norwegian energy professionals," Puri stated. The meeting was attended by representatives from TechnipFMC, Reach Subsea, DNV Group, Odfjell Drilling, CCB Subsea, Shearwater, Innovasjon Norge, and NORWEP. A representative from Equinor India was also present. Jostein Dahl Karlsen represented the Norwegian Ministry of Foreign Affairs and the Norwegian Ministry of Energy at the discussions. The government has been expanding OALP rounds to boost exploration and enhance domestic production of oil and gas, especially from frontier areas and deep-sea basins.
India Gazette
07-07-2025
- Business
- India Gazette
India trying to develop full E&P deepwater technology ecosystem: Hardeep Puri
New Delhi [India], July 7 (ANI): India is trying to develop a full exploration and production (E&P) deepwater technology ecosystem, as the country plans to explore over 2.5 lakh sq km in the Open Acreage Licensing Policy Round 10, Petroleum and Natural Gas Minister Hardeep said on Monday. In a series of posts on X, the Union Minister dubbed Round 10 as one of the largest offshore exploration bidding rounds globally. The Open Acreage Licensing Programme (OALP) provides potential investors with the freedom to select blocks of their choice by submitting an Expression of Interest (EOI). In a roundtable with representatives of the Offshore Energy Cluster in Bergen, Norway, the Union minister held discussions on technologies including well services, subsea operations, testing, maintenance operations, drilling tools, drilling submersible rigs, well completion services, high pressure high-temperature wells, drillships, monitoring technologies covering the entire gamut of hydrocarbons exploration, particularly deep sea exploration by the Norwegian energy professionals. Representatives from TechnipFMC, Reach Subsea, DNV Group, Odfjell Drilling, CCB Subsea, Shearwater, Innovasjon Norge, Norwegian Energy Partners, and Equinor India. Further, to provide momentum to India's efforts to achieve energy security, the minister visited the Northern Lights CO2 Terminal in Bergen, Norway. It is the largest carbon storage project funded by the Norwegian Government and partnered by Equinor, Shell, and TotalEnergies. 'This unique project can store up to 100 million tonnes of carbon dioxide. It has an open and flexible infrastructure to transport CO2 from capture sites by ship to a receiving terminal in western Norway for intermediate storage, before being transported by pipeline for safe and permanent storage in a reservoir 110 kms away from shore and 2,600 metres under the seabed,' the minister wrote in a post on X. 'We are reviewing this, and similar projects, to upgrade and expand India's energy capabilities. Norway's expertise in deepwater exploration, seismic oil surveys, offshore wind and carbon capture and storage (CCS) technologies aligns well with India's ambitious energy transition agenda,' he wrote. The minister also visited the CCB Energy Blue Hydrogen Plant, a first-of-its-kind commercial blue hydrogen facility located in Kollsnes as part of CCB Energy Park in Oygarden, Norway. 'It was interesting to see world's first commercial plant which produces blue hydrogen with integrated carbon capture and subsea storage. This strategically positioned plant is a joint initiative between CCB Energy (a part of CCB Energy Holding and H2 Production) and ZEG Power, leveraging proprietary 'ZEG-H' reforming technology with built-in CO capture. The captured carbon is transported to the adjacent Northern Lights facility for storage. The pilot plant produces around 1 ton of hydrogen per day while capturing nearly all associated CO2,' he wrote. (ANI)
Mint
07-07-2025
- Business
- Mint
India eyes Norwegian expertise in carbon storage for energy transition
New Delhi: India is looking at Norwegian expertise in energy and transition-related technologies, including carbon capture and storage, as the country seeks to upgrade its capabilities to meet its clean energy goals and net-zero target of 2070. "In our continued quest to provide momentum to India's efforts to achieve energy security under the leadership of PM Sh @narendramodi Ji, I visited the Northern Lights CO2 Terminal in Bergen, Norway. It is the largest project for carbon storage funded by the Norwegian Govt and partnered by @Equinor @Shell & @TotalEnergies," Union minister for petroleum and natural gas Hardeep Singh Puri said in a post in X. "We are reviewing this, and similar projects, to upgrade and expand India's energy capabilities. Norway's expertise in deepwater exploration, seismic oil surveys, offshore wind and carbon capture and storage (CCS) technologies aligns well with India's ambitious energy transition agenda," he said. India is working on a national mission for carbon capture, utilization and storage (CCUS), under which the government may provide financial incentives to companies adopting CCUS. According to a report by NITI Aayog released in 2022, India is the third largest emitter of CO2 in the world after China and the US, with estimated annual emissions of about 2.6 gigatonne per annum (gtpa). The country has committed to reducing CO2 emissions by 50% by 2050 and reaching net zero by 2070. The report noted that CCUS has an important and critical role to play in decarbonizing the industrial sector, which is hard to electrify and hard to abate, due to the use of fossil fuels not only as a source of energy but within the process itself. CCUS also has an important role to play in decarbonizing the power sector, given India's present reliance on coal for meeting over 70% of its electricity needs. The minister also took part in a roundtable with representatives of Offshore Energy Cluster in Bergen, Norway on technologies including well services, subsea operations, testing, maintenance operations, drilling tools, drilling submersible rigs, well completion services, high pressure-high temperature wells, drillships, monitoring technologies covering the entire gamut of hydrocarbons exploration, particularly deep sea exploration by the Norwegian energy professionals. In another tweet, he said: "As India plans to explore over 2.5 lakh sq kms in Open Acreage Licensing Policy Round 10 in one of the largest offshore exploration bidding rounds globally, we are trying to develop a full E&P deepwater technology ecosystem in India, under the visionary leadership of PM @narendramodi Ji." The roundtable was attended by representatives from global energy services companies TechnipFMC, Reach Subsea, DNV Group, Odfjell Drilling, CCB Subsea, Shearwater, InnovasjonNorge along with Norwegian Energy Partners and Equinor. Jostein Dahl Karlsen represented Norway's ministries of foreign affairs and energy at the roundtable.
