BP Partnership Archives - Newscript EnergyWorld

1. India Fast-tracks Hydrogen in Industrial Transition India’s green hydrogen ambitions moved beyond policy rhetoric in 2025. The government’s ₹19,744 crore National Green Hydrogen Mission aims for 5mn tonnes annual production by 2030, with initial facilities taking shape in Gujarat’s industrial belt, Odisha’s port complexes and Tamil Nadu’s renewable corridors. Production costs remain challenging at $3-5 per kilogram, well above the $1 threshold needed for commercial viability against fossil alternatives. However, manufacturers are banking on scale economics and improved electrolyser technology to bridge this gap within five years. Industrial buyers face mounting pressure from global supply chains demanding carbon-neutral inputs. Fertiliser producers, oil refineries and steel mills—sec...

By Newscript News Network August 21,2025 After nearly a decade of decline, Oil & Natural Gas Corporation (ONGC) reported a 0.9% rise in standalone crude oil output in FY25, marking its first annual production growth since 2015. Despite the uptick, ONGC’s total output has slipped from 22.53 MMT in FY21 to 20.89 MMT in FY25. To arrest the decline, ONGC has signed a framework with BP to provide technology services for the Mumbai High revitalisation, one of India’s most mature fields. “Technology partnerships are critical if ONGC is to maintain India’s upstream security,” said an energy analyst at CLSA, which recently raised its target price for ONGC to ₹360, citing eastern offshore ramp-ups and possible removal of the windfall tax. Exploration is also intensifying, with 578 w...

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ONGC sees rare output recovery, bets on partnerships