ONGC, Shell Sign MoU for Deepwater Exploration & LNG under Samudra Manthan

and Shell Energy India have signed a non-binding MoU to collaborate on deepwater and ultra-deepwater exploration as well as LNG sourcing. The partners will jointly assess opportunities in OALP Rounds X and XI, future bid rounds, and farm-in/farm-out deals in ONGC’s existing blocks under the Samudra Manthan initiative. The agreement also covers LNG sourcing to support India’s gas-based economy transition, combining ONGC’s domestic expertise with Shell’s global capabilities. **Top stocks in the oil & gas E&P industry:** Oil India, GAIL (India), and Reliance Industries.