India Energy Week 2025: Oil India-Petrobras, BPCL-ADNOC, ONGC-BP, other major deals signed at Yashobhoomi

Amidst a long line-up of much-anticipated conferences and state-of-the-art displays at the 2025 edition of the India Energy Week, , which began on February 11 and ends on February 14, domestic and foreign energy giants inked a number of deals in the national capital. Here are some of the key agreements signed at the mega exhibition, organised at the Yashobhoomi international convention and expo centre in Dwarka, New Delhi. 

• Crude term deal between BPCL & Brazil’s Petrobras: State-run oil marketing company BPCL signed an optional term contract with Brazil’s Petrobras for import of Brazilian crude grades up to 6 million barrels.  This is another milestone towards India’s energy security & diversification of our sources.
• LNG import deal between IOCL & UAE’s ADNOC: State-run OMC Indian Oil Corporation and the UAE’s ADNOC signed a sale and purchase agreement for sourcing of long term LNG up to 1.2 MMTPA from 2026 onwards for 14 years. The contract is valued over $7 billion, marking another milestone towards India’s endeavour to become a natural gas-based economy.
• LNG import agreement between BPCL & UAE’s ADNOC: BPCL and the UAE’s ADNOC signed a term LNG offtake agreement covering the procurement of 2.4 MMT of LNG over a period of five years starting April 2025. The agreement is extendable by another five years with mutual consent.
• LNG export agreement between IOCL & Nepal: Indian Oil signed a sales agreement with Yogya Holdings Nepal for export of around 1,000 Metric Tonn of LNG to Nepal, marking the first ever sale of LNG to Nepal from India by cryogenic trucks through Dhamra Terminal in Odisha.
• MoU between ONGC & UK’s BP Plc: ONGC has selected UK-based BP to act as the technical services provider (TSP) for the Mumbai High field, India’s largest and most prolific offshore oil field. As part of the deal, 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. The British company will also 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.
• MoU between EIL & BP Plc: EIL signed a memorandum of understanding (MoU) with BP Business Solutions India 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.
• MoU between ONGC Videsh & Brazil’s Petrobras: ONGC Videsh Ltd (OVL) and Brazil’s Petrobras have signed a memorandum 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.
• MoU between OIL & Petrobras: Oil India Limited (OIL) and Petrobras have signed an MoU for strategic cooperation opportunities in Indian offshore exploration hydrocarbon landscape. Under this collaboration, OIL and Petrobras will jointly explore opportunitiesin India’s deep and ultra-deep offshore regions, including the Mahanadi, Andaman, and other sedimentary basins. The partnership aligns with theGovernment of India’s policy initiatives aimed at accelerating hydrocarbonexploration under the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP).
• MoU between BPCL & Israel’s Eco Wave Power: 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 utilise Eco Wave Power’s proven wave energy converter technology, demonstrating wave energy in Mumbai through a 100 kW pilot installation.
• 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, 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.

The IEW 2025 event entered its third day on Thursday. Organised at the Yashobhoomi international convention and expo centre in Dwarka, New Delhi, the IEW 2025 is set to record unparalleled global participation from ministers, CEOs and industry leaders in the country’s crucial energy space.