Oil & Natural Gas Corporation Ltd (ONGC), which contributes around 70% of India’s crude oil and approximately 84% of its natural gas production, is on an aggressive expansion drive to reinvent itself and remain a key contributor to India’s energy security. Last week, ONGC entered into a series of major deals in this direction. On […]
Continue Reading... No Comments.India’s largest refiner and fuel retailer Indian Oil Corporation (IOC) is optimistic about the prospects of higher energy imports from the US, particularly natural gas imports amid rising gas consumption in the country. And while IOC is also keen to step up purchases of American crude, volume growth shall be contingent upon how competitively it […]
Continue Reading... No Comments.GAIL (India) Limited, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, has signed a memorandum of understanding (MoU) with Accelera by Cummins to collaborate on hydrogen and energy transition technologies in India. The agreement, signed at India Energy Week 2025, focuses on exploring opportunities in hydrogen production, blending, transportation, and storage. By […]
Continue Reading... No Comments.As New Delhi seeks to diversify its LNG supply, both Moscow and Washington are courting the country to secure major deals. One of the outcomes of Prime Minister Narendra Modi’s recent visit to Washington this week is an expansion of energy cooperation with the US under the India-US Comprehensive Global Strategic Partnership. In a joint […]
Continue Reading... No Comments.Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday, February 11, launched the 10th round of bidding for oil and gas assets under the Open Acreage Licensing Policy (OALP) at the India Energy Summit 2025. This round marks the largest bidding exercise in terms of acreage offered under the Hydrocarbon Exploration and Licensing […]
Continue Reading... No Comments.India is set to launch new rounds for oil and gas block licensing this week, Oil Minister Hardeep S. Puri announced on Monday. Puri also indicated that energy supply issues are expected to be a key topic during Indian Prime Minister Narendra Modi’s upcoming meeting with US President Trump later this week. Given India’s increasing […]
Continue Reading... No Comments.Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil from all possible sources to meets its demand. Addressing a press conference a day ahead of the India Energy Week 2025, the Union minister recalled how India diversified its crude imports from 27 countries to 40 countries. Argentina is the […]
Continue Reading... No Comments.Crude oil prices were set to end the week with a third consecutive decline as worry about the effect of Trump’s tariffs and China’s retaliation to them dragged benchmarks down. At the time of writing, oil was slightly up from Thursday, with Brent crude at $74.69 a barrel and West Texas Intermediate at $70.92 per […]
Continue Reading... No Comments.As we gather for the Third Edition of India Energy Week in New Delhi, we stand at the crossroads of a new era of human progress and global prosperity that will be shaped by three megatrends: the rise of emerging economies, the transformation of global energy systems and the rapid growth of AI. Among the […]
Continue Reading... No Comments.India’s state-owned oil-marketing companies (OMCs) are staring down an abyss in 2025 on the heels of a disappointing annual budget for oil and gas for 2025-26 and from the volatility in oil and gas markets caused by the Trump administration’s disruptive energy tariff policies. These developments come amid discounted Russian oil flows, a mainstay of […]
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