ONGC and Shell Energy India Sign MoU for Deepwater Exploration and LNG Sourcing

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Indian state-owned oil major ONGC and Shell Energy India have signed a memorandum of understanding to explore potential joint ventures. The partnership will focus on assessing opportunities in deepwater and ultra-deepwater oil and gas exploration. The two companies will also investigate LNG sourcing alternatives aimed at strengthening India's energy infrastructure. The collaboration is intended to improve energy accessibility and support the country's long-term energy security goals.

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