Larsen & Toubro has secured a significant order, valued between Rs 2,500 to Rs 5,000 crores, from a joint venture of four oil and gas PSUs led by Petronet LNG. The project involves constructing a large LNG/Ethane storage tank and a Propane storage tank at Gujarat’s Dahej Petrochemical Complex, aiming to boost domestic polypropylene production.
India’s power sector is set for massive growth. An investment of $450 billion is projected by 2032. The nation has moved beyond power shortages to a surplus regime. This transition will boost electricity generation, transmission, distribution, and energy storage. The focus is on long-term growth, grid resilience, and clean energy integration. This marks a significant…
Delhi’s energy landscape is changing. Domestic electricity users have increased significantly over five years. Industrial power consumers have dropped sharply. Households are switching from LPG cylinders to piped natural gas. This shift reflects evolving energy preferences in the national capital.
India’s power sector is poised for significant growth. An investment potential of half a trillion dollars is projected over the next seven years. This includes generation, transmission, and energy storage. The country’s transmission network is expanding rapidly. The Bharat Electricity Summit 2026 will showcase this potential and foster global partnerships.
As the Union Budget 2026 approaches, the oil and gas sector is calling on the government to reconsider the OID cess imposed on domestically produced crude oil. Stakeholders in the industry argue that the existing 20% ad-valorem tax is stifling production potential and should be revised. Furthermore, they suggest doing away with other taxes like…
Ship-tracking data and people familiar with the matter point to a dip that would come after imports fell in December to a three-year low. That was a third below their peak in June.
Work on the natural gas pipeline connecting Tripura and Mizoram is progressing well. Officials report 45 percent completion. The 119.5-km project is slated for completion by December 2027. This initiative will bring affordable gas to Mizoram for domestic, commercial, and industrial use.
Indian Oil Corporation is embarking on an exciting journey to enhance its non-fuel portfolio. With a vision to generate 20-30% of its revenue from emerging sectors such as gas, petrochemicals, lubricants, and renewable energy by 2030, the company is set to elevate its non-fuel business to an estimated ₹2-3 lakh crore.
Essar Energy Transition achieved record domestic fuel sales in 2025 at its Stanlow refinery. Strong UK demand and an expanded supply network fueled this success. Retail and aviation sectors saw significant growth. Investments in infrastructure and decarbonization are ongoing. The company advocates for refining inclusion in the UK’s Carbon Border Adjustment Mechanism to ensure a…
A major announcement has emerged from the combined forces of Indian Oil Corporation and Bharat Petroleum Corporation regarding newfound oil deposits in Abu Dhabi. Tapped within the Onshore Block 1 exploration concession, Urja Bharat Pte Ltd, their collaborative entity, discovered oil in two wells. These discoveries play a vital role in bolstering India’s energy security…