Ministry of Environment has granted BPCL permission to outline terms for its proposed 9 MMTPA Greenfield Refinery and Petrochemical Complex in Andhra Pradesh. The Rs 1.03 lakh crore project, set
Continue readingBPCL's Rs 1 lakh crore refinery complex project in Andhra get EAC nod to prepare ToR
OPEC+ is poised to agree on further increasing oil output, potentially slowing the pace of increases from October due to weakening global demand. A deal to boost output from October
Continue readingOPEC+ set to raise oil output further from October, sources say
Mitsui O.S.K. Lines will operate two very large ethane carriers for ONGC to import petrochemical feedstock for OPaL’s Dahej facility, with imports starting around mid-2028. The firms are discussing a
Continue readingJapan's Mitsui to operate ONGC's ethane carriers; equity structure under discussion
Adani Power and Druk Green Power Corporation (DGPC) have partnered to develop the 570 MW Wangchhu hydroelectric project in Bhutan, with an investment of approximately Rs 6,000 crore. This project
Continue readingAdani Power, Druk Green Power to set up a 570MW hydro power project in Bhutan
Bhutan’s Prime Minister Tshering Tobgay hailed the Wangchhu Hydropower Project agreement with Adani Power Ltd. as a historic step in Bhutan-India’s clean energy collaboration. During his India visit, which included
Continue readingBhutan, India ink 570 MW Wangchhu hydropower project deal
The Goods and Services Tax rationalisation is set to impact various Indian sectors. Oil and gas may face increased production costs. However, consumer demand and producer sentiment are likely to
Continue readingGST rationalisation could increase pressure on the oil and gas sector, says ICRA
Reliance Power clarified that Bank of Baroda’s action against Reliance Communications, classifying its loan account as fraudulent, will not impact its operations or financial standing. The classification, also naming Anil
Analysts suggest Reliance Industries, despite being India’s top buyer of Russian oil, is expected to maintain compliance with international sanctions. The financial benefit from refining Russian crude is limited, contributing
Continue readingReliance remains compliant with sanctions; Russian oil adds just 2.1% to EBITDA
Finance Minister Nirmala Sitharaman affirmed India’s continued purchase of Russian oil, prioritizing national interests in energy decisions. She emphasized fiscal discipline and building public trust as crucial for economic progress.
Continue readingIndia will continue to buy Russian oil, says FM Nirmala Sitharaman
Indian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The decision comes
Continue readingIndian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources