Energy & Petroleum News Today

As Nigeria weighs phasing out electricity subsidies in 2027 after spending N6.93 trillion between 2016 and 2025, experts warn that reforms must prioritize reliable power supply and grid efficiency over mere cost-cutting.

Ferrari has debuted its first fully electric luxury car, the Luce, in India. It delivers 1,050 PS, accelerates from 0-100 km/h in 2.5 seconds, features a 112 kWh battery, and costs an estimated ₹8.5 crore.

The Directorate General has published the mineral reference prices for various mining commodities for the second period of October 2026, providing crucial pricing updates for the industry.

Northback Holdings revives the Grassy Mountain coal project in Alberta to export 2.5 million metric tons annually to Asian steelmakers, facing local environmental opposition and strict regulatory hurdles.

India is pushing a multi-billion-dollar coal gasification mission to reduce heavy import dependencies, utilize vast domestic reserves, and lower industrial gas costs, backed by substantial government incentives and private investments.

JSW MG Motor India announced eight winners for Season 6.0 of its startup program from over 130 entries, focusing on transforming mobility, manufacturing, and sustainability through emerging technologies.

Tesla opened Indian reservations for the ultra-luxury Roadster, highlighting surging local registrations and testing whether India's charging and service infrastructure can support high-end electric vehicles.

Great Wall Motors kicked off its electrified vehicle roadshow in Pakistan, showcasing nine models including five priced variants to promote sustainable mobility and hands-on test drive experiences.

Jharkhand launched India's first mining tourism initiative at the North Urimari coal pit, offering guided tours and live blasting for Rs 2,500 per person to boost state tourism.

Oil India Limited signed a Revenue Sharing Contract for the Special Coal Bed Methane Block covering 272.14 sq. km in Singrauli, marking a strategic milestone in India's unconventional energy exploration.