Energy & Petroleum News Today

Kerala's power purchase dispute intensifies as the CMO defends procuring electricity from GNA Energy, rejecting opposition claims over a proposed Himachal Pradesh deal citing higher rates and supply shortfalls.

Uttar Pradesh has fast-tracked the expansion of piped natural gas connections to homes, high-rises, educational institutions, and security facilities, replacing LPG cylinders to boost clean energy adoption across the state.

Renewed US-Iran military tensions could push global oil prices past $100 per barrel in the coming days, significantly impacting energy markets according to industry experts.

Himachal Pradesh will receive 60 crore units of annual electricity for 20 years following a Supreme Court victory, generating up to Rs 20,000 crore in revenue to strengthen public services and state finances.

State-owned SCCL is seeking partnerships with US companies in the critical minerals sector, exploring joint ventures, rare earth extraction, and pumped storage power plants to boost foreign investments.

Gas-rich Iran faces a 400 million cubic metre daily winter shortfall and seeks Russian supplies. However, sanctions, damaged infrastructure, and heavy subsidies threaten long-term energy security and deepen dependence.

India's base oil market is witnessing a firm-to-stable trend, supported by restricted Middle East cargo availability, elevated crude and feedstock costs, and logistical disruptions across key shipping routes. Group I and Group III grades face stronger upward pressure, while Group II prices remain relatively stable amid alternative import arrivals and fresh domestic capacity. Near-term pricing will depend on supply normalisation through the Strait of Hormuz and the availability of replacement cargoes.

India's recent oil and gas policy reforms, featuring self-certification and dispute settlements, aim to boost domestic exploration, attract global capital, and enhance long-term energy security.

Research suggests Pakistan's energy sector could save $17 billion by revising generation plans, reduce peak demand through building efficiency, and transition largely to renewables by 2040.

Pentagreen Capital and Candi Solar formed a $50 million partnership to develop 400 MWp of solar and battery storage projects, generating 560 GWh annually to decarbonize Indian SMEs.