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India Poised To Emerge As Global Oil Refining And Energy Hub: Hardeep Puri

India Poised To Emerge As Global Oil Refining And Energy Hub: Hardeep Puri

India's 258 MMTPA oil refining capacity targets 310 MMTPA by 2030, aiming for 400-450 MMTPA long-term. Poised to be a global energy hub, India expects to be the 2nd largest refining power by 2035.
India Extends Largest Oil and Gas Auction Deadline to Dec 2025

India Extends Largest Oil and Gas Auction Deadline to Dec 2025

India extends its largest oil and gas auction, OALP-X, to December 31, 2025. This round offers 25 blocks covering 191,986 sq km, aiming to boost domestic production and reduce the import bill.
BPCL Partners with OIL, NRL, and FACT to Boost Growth in Energy and Petrochemicals

BPCL Partners with OIL, NRL, and FACT to Boost Growth in Energy and Petrochemicals

BPCL signed three MoUs: with OIL for a ₹1 lakh crore Greenfield Refinery (9-12 MMTPA), with OIL/NRL for a ₹3,500 crore pipeline, and with FACT for organic manure, boosting energy and petrochemicals growth.
Govt extends oil, gas block bid deadline to December 31

Govt extends oil, gas block bid deadline to December 31

Govt extends OALP-X oil, gas block bid deadline to Dec 31, 2025, marking the second extension for the largest acreage offering launched in Feb 2025, giving investors more time.
Oil steady as traders focus on glut and Russian crude sanctions

Oil steady as traders focus on glut and Russian crude sanctions

Oil steadied after a two-day drop, with Brent above $65 and WTI near $61, amid a supply glut and US sanctions on Russian producers. Record shipments and potential OPEC+ output additions weigh on prices.
Prices ease as milder weather curbs demand

Prices ease as milder weather curbs demand

Dutch and British wholesale gas prices fell on Monday due to weaker demand for heating and power. Milder weather curbed consumption, leading to an easing of prices amidst stable supply conditions.
LNG terminals may need to raise storage 10%

LNG terminals may need to raise storage 10%

India plans to mandate LNG terminals build 10% extra storage for emergencies, shifting the burden to industry. New rules require ₹1,500 crore net worth and project experience for operators, aiming for a cost-effective gas reserve.
Satellite Data Reveals Surge in Oil and Gas Methane Emissions

Satellite Data Reveals Surge in Oil and Gas Methane Emissions

Global oil and gas methane emissions surged 40% year-on-year in early 2025, reversing a decline since 2020. China's emissions rose by nearly one-third, while the US saw a 4% increase. India is boosting management efforts.
India’s Upcoming CCUS Mission: What Is Coming And Why It Matters?

India’s Upcoming CCUS Mission: What Is Coming And Why It Matters?

India's CCUS Mission aims to decarbonize hard-to-abate sectors, targeting 750 mtpa capture by 2050. With 400-600 Gt storage potential and USD 4.3 billion government support, it seeks investments and jobs for India's 2070 net-zero goal.
Russia eyes expanded LNG supplies to India

Russia eyes expanded LNG supplies to India

Russia is set to expand LNG supplies to India, aiming to meet India's goal of 15% gas in its energy mix. Currently providing 3 million tons annually, Russia sees potential for further growth in energy exports.

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