Energy & Petroleum News Today

Vietnam Refining and Petrochemical Corporation generated over 900 trillion VND in revenue from 2020 to Q3 2026, with 8.2 trillion VND from innovative new products, while exploring partnerships for deep processing.

Vietnam is increasing coal-fired power generation to meet rising electricity demand and cover project delays, importing over 60 million tonnes of coal while facing potential capacity shortfalls.

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.

Twin cyclones Arnab and Murasu caused preliminary losses of ₹500 crore to Andhra Pradesh's energy sector, damaging over 7,500 electricity poles. Restoration work is progressing rapidly with inter-state assistance.

Transmission constraints and curtailment cost Adani Green ₹700 crore in Ebitda. To mitigate this, the company commissioned 3 GWh of battery storage at Khavda, taking total storage capacity to 6.6 GWh.

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.

ONGC Videsh is in advanced talks to secure operatorship for two Venezuelan oil projects, aiming for greater control, potential stake increases, and adjustment of $500 million in pending dividends.

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.