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ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

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India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. In April 2023, Russia’s Rosneft offered dividend payments to OVL against its 20% stake, rather than equity oil.

Oil 305
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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron. Chevron currently holds a 39.2% Chevron also holds a 25.2%

Venezuela 358
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Indian Oil signs MOU with LanzaJet on sustainable aviation fuel production in India

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Indian Oil Corporation, India’s leading energy major, has entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets.

India 170
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Cohort of new stakeholders joins Open Hydrogen Initiative

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Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4

Hydrogen 482
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Itochu and partners launch feasibility study of blue ammonia value chain between Eastern Siberia and Japan

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Itochu Corporation and Irkutsk Oil Company (IOC); Japan Oil, Gas and Metals National Corporation (JOGMEC); and Toyo Engineering Corporation (TOYO) have agreed to undertake a detailed study for the commercialization of a blue ammonia value chain between Eastern Siberia and Japan.

Japan 221
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Indias Oil and Natural Gas Corporation Mandates Rainwater Harvesting

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India’s Oil and Natural Gas Corporation (ONGC) will implement rainwater harvesting in all the existing ONGC residential complexes across India. ONGC has made it mandatory to implement the system in all future projects also.

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China’s first integrated methanol-to-hydrogen and hydrogen refueling service station now in operation

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China Petroleum & Chemical Corporation (Sinopec) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station in Dalian, China. Sinopec Fuel Oil Sales Co., Ltd has built two integrated fueling stations in Dalian's free trade area, with six more now under construction.

Hydrogen 418