Energy & Petroleum News Today

Indian Oil is restarting its Panipat refinery crude units after a 35-day shutdown, supporting the P-25 project to expand capacity to 25 MMTPA by December 2026.

Donald Trump announced record U.S. oil and gas production, surpassing Russia and Saudi Arabia combined, while highlighting a major Venezuelan deal securing access to 65 billion barrels of reserves.

CSERC directed Chhattisgarh utilities to maintain their current surplus power management practice, avoiding extra costs of at least 43 paise per unit and protecting consumer interests.

Ultraviolette is investing Rs 779 crore to set up the BIGGA factory in Hosur, Tamil Nadu. The new facility will manufacture electric vehicles, creating 2,000 initial jobs and scaling up to 500,000 units annually.

India plans to drill 600 exploration wells, including 240 deepwater wells, over four years under the Samudra Manthan scheme, backed by a $3.5 billion investment to boost domestic oil and gas production.

Telangana topped India's 2026 EV readiness ranking as national public charging points grew by over 31,500, with 87% of consumers now more likely to consider buying an electric vehicle.

Global coal demand will rise 1.2% in 2026 to 8.94 billion tonnes, driven by higher gas prices. India's consumption is projected to grow 4.2% to 1,353 million tonnes, supported by rising electricity and industrial activity.

Gulf Oil India has committed ₹225 crore to the EV charging value chain, expanding investments in Tirex, Indra, and ElectreeFi to scale manufacturing and software solutions across India.

The Congress criticized the Modi government over auctioning the 5,000-acre Tara coal block in Chhattisgarh's Hasdeo-Aranya forest to an Adani subsidiary, warning of massive environmental destruction and local displacement.

CERC approved annual fixed charges for Power Grid's Rajasthan solar evacuation transmission asset, capping capital cost at Rs 885.7 million for the 2024-29 period following a 758-day delay condonation.