Category: oil-&-gas
OPEC helps keep oil market stable, says organisation’s Secretary General Haitham al-Ghais
OPEC’s Secretary General Haitham al-Ghais emphasizes the importance of oil market stability for global economic growth and investment. He highlights OPEC+ unity in analyzing and balancing supply and demand to maintain market stability, countering accusations of artificially boosting prices.
Nuclear power to be part of energy discussions, says Hardeep Singh Puri
Indian union oil minister Hardeep Singh Puri highlighted nuclear power’s role in energy discussions, citing potential for small modular reactors following India’s nuclear treaty with the US. Upcoming amendments to laws aim for 100GW nuclear energy by 2047. India’s collaboration with the US for more energy could reduce global energy prices.
Russia has the means to meet all supply obligations despite sanctions: Energy Minister Sorokin
Russia remains capable of fulfilling all its energy contracts despite new US sanctions. Deputy Energy Minister Pavel Sorokin criticised the sanctions’ negative impact on the global economy and emphasised ongoing energy cooperation with key partners, including India. Indian refiners are sourcing more oil from the Middle East to compensate for reduced Russian supplies.
Bombay HC nod to Adani group to cut 209 mangroves for power line construction
The Bombay High Court has granted the Adani group permission to cut 209 mangroves for a high voltage transmission line deemed critical to boost Mumbai’s electricity supply. This 80 km project, with part passing through mangrove areas, aims to address the city’s growing energy demands, balancing sustainable development and environmental needs.
BP inks pact with EIL to collaborate on oil, gas and refining activities
BP and Engineers India Ltd have signed an MoU to explore opportunities in supporting oil, gas, and refining activities. The agreement includes forming joint teams to discuss technical support across BP’s global assets in refining, terminals, pipelines, oil and gas, and offshore/subsea portfolios. The MoU is valid for three years and may expand to other…
PM Modi’s meeting with Trump to power up India-US ties with nuclear deals? ‘Oh, absolutely!’
Indian Prime Minister Narendra Modi is set to discuss nuclear energy, including small and modular reactors, with US President Donald Trump. The discussions will also cover bilateral energy trade, with a focus on sourcing LNG from the US to diversify India’s energy portfolio.
India opens biggest oil, gas block bid round; 25 blocks on offer
India has launched its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers, mainly offshore. This move aims to enhance domestic production, reduce imports, and improve energy security, attracting bids from both state-owned and private companies.
Oil smuggling isn’t easy. But despite obstacles, refiners are minting $1 billion every day
Oil smuggling remains highly profitable despite sanctions on Russia, Iran, and Venezuela, which together produce about 16 million barrels per day at a discount. Western sanctions create obstacles but fail to halt illicit trading. Smugglers continually find ways to circumvent restrictions, with non-Western countries still purchasing sanctioned oil, and the political will to enforce stricter…
India’s $67 billion infrastructure gap hampers Modi’s gas goals
Petronet LNG’s underutilized Kochi terminal highlights India’s struggle to reduce coal reliance due to infrastructure issues, high gas prices, and regulatory challenges. Despite Modi’s push for increased gas use, the share remains stagnant. Significant investment in pipelines and terminals is crucial to achieving the 2030 target of 15% gas in the energy mix and mitigating…
Indian Oil buying sanction-free Russian crude oil cargoes, chairman says
Indian Oil is purchasing Russian crude oil cargoes without involving sanctioned entities. The company predicts gasoline and diesel demand growth by the fiscal year 2026 and foresees weak petrochemical margins in 2025. Expansion of the Panipat refinery is expected by June 2026, while the construction of the Nagapattinam refinery awaits approval.
