Energy & Petroleum News Today

The US Department of Energy authorized releasing up to four million barrels of crude to ExxonMobil and BP to counter Hurricane Isaias disruptions, requiring repayment with a premium by 2027 amid low reserves.

India defends Russian oil imports to protect energy security for its 1.4 billion population amidst stalled US trade talks, mounting tariffs, and external geopolitical pressures.

Tamil Nadu's Electricity Board has sought regulatory approval to procure 1,500 megawatts of electricity daily starting March 1, 2027, to meet rising summer power demand.

India’s bitumen market remains firm following an estimated $50/MT weekly increase in international prices, supported by crude oil above $100/bbl, regional shipping disruptions and rising post-monsoon road-construction demand. Imported bitumen prices at Karwar and Mangalore are around ₹85,000–₹85,500/MT, inclusive of GST, with freight, vessel availability and insurance costs likely to influence regional delivered prices.

India's Q2 FY27 electricity generation rose 11% to 536 BU, with renewable power crossing 100 BU for the first time. Meanwhile, peak demand hit 270 GW and coal stocks fell to 21 million tonnes.

Jammu and Kashmir has harnessed only 3,540 MW of its 18,000 MW hydropower potential. Delayed projects, seasonal constraints, and distribution losses hinder energy security, forcing reliance on winter power purchases.

Indian industry can transform legacy coal tar, a fossil fuel byproduct, into high-value carbon materials like graphite and graphene for clean energy technologies, driving resource efficiency and sustainability.

U Mobile and HLGY Energy signed an MoU to deploy private 5G connectivity for smart solar farms, aiming to enhance drone inspections, AI analytics, and battery storage operations at Malaysian renewable sites.

BYD India launched a limited-edition Sealion 7 Festive Edition electric SUV at Rs 50.60 lakh, restricted to 150 units featuring exclusive Tan & Black interiors, an 82.56 kWh battery, and a 567 km range.

NTPC subsidiaries have tendered a 1 GW solar project in Andhra Pradesh and a 3,300 MWh battery energy storage system in Gujarat, boosting renewable energy infrastructure development.