New Delhi, Feb. 10 -- State-run Oil and Natural Gas Corp. Ltd (ONGC) has signed a memorandum of understanding (MoU) with bp for collaboration in exploration and production of oil and gas, energy trading and other segments in the energy business both in India and internationally.

The MoU was signed on Monday on the eve of the India Energy Week 2025.

"Under the terms of the MoU, bp will collaborate with ONGC to jointly explore and evaluate potential business opportunities in oil and gas projects both within India and internationally," said a joint statement from the companies.

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The specific areas of cooperation will include sharing best practices for deep-...