The bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate General of Hydrocarbons has put 16 blocks up for grabs in two competitive rounds, attracting the attention of Oil India while ONGC chooses to withdraw.
India and China appear to be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE, including an oil pipeline. This initiative aims to secure fuel supply chains and counter China’s expanding presence in Sri Lanka’s energy market. The project seeks to reshape regional energy…
A fire flared up at the Pachpadra Refinery-cum-Petrochemical Complex in Balotra, with emergency services reacting promptly to contain the situation. This alarming event takes place on the eve of Prime Minister Narendra Modi’s planned trip to Rajasthan, where he will unveil India’s inaugural greenfield integrated refinery-petrochemical complex. This initiative is poised to revolutionize the energy…
In the backdrop of impending elections, truck fleet operators across India are seeing storm clouds on the horizon with expected fuel rationing and a steep rise in diesel prices. The flare-up in the Middle East is sending shockwaves through global oil supplies, forcing state refiners to reconsider their strategies amid rising inflation.
Prime Minister Narendra Modi is scheduled to arrive in Rajasthan this Tuesday, where he will unveil a transformative project—the country’s inaugural greenfield integrated refinery-cum-petrochemical complex at Pachpadra.
India is gearing up to fast-track the integration of flex-fuel vehicles into its automotive landscape. These innovative cars are capable of using higher blends of ethanol, paving the way for decreased dependence on imported oil. As the global oil markets grapple with instability stemming from geopolitical conflicts, this initiative is timely.
India has increased the number of Russian insurers authorized to provide marine cover for ships docking at its ports. This move allows more Russian companies to offer protection and indemnity coverage. The expanded list includes several Russian firms with registrations valid until 2026, 2027, 2029, and 2030.
Oil tankers from various nations are successfully passing through the Strait of Hormuz. These vessels are carrying vital oil and gas supplies to destinations across Asia and Europe. Despite ongoing tensions, maritime traffic continues to flow, ensuring global energy needs are met. This movement highlights the resilience of international trade routes.
India’s offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders for jack-up rigs. This has led rig operators to consider withdrawing their assets from India. Such actions could disrupt domestic oil production. The situation raises concerns about the future of offshore exploration in the country.
India and Sri Lanka initiated conversations about a new oil pipeline, aiming to enhance energy cooperation. They also delved into topics like advancing bilateral relations, collaborative housing developments, and the challenges faced by fishermen. This visit underscored India’s commitment to its ‘Neighbourhood First’ policy, emphasizing its proactive role in regional issues.