Shubhangi Mathur

World's ability to deliver on climate change has sharply reduced: Saran

According to 2015 Paris Agreement, countries commit to limit global average temperature rise to well below 2 degrees Celsius above pre-industrial levels, while aiming to limit increase to 1.5 degrees

C&I RE capacity may rise to 60-80 GW by 2030, says MNRE secretary

MNRE secretary Santosh Sarangi said C&I renewables could rise to 60-80 GW by 2030, with this year's installations likely above 5-6 GW via bids and contracts

Power projects should be granted connectivity on basis of PPAs: CERC

A staff paper suggests shifting from LoA-based approvals to PPA-linked or auctioned connectivity to ensure timely project execution and better use of grid assets

US, West Asia LPG routes show wide cost differences for India: Crisil

The recent US-India LPG import pact marks a major shift in supplier diversification, reducing dependence on West Asian cargoes, though freight-linked cost sensitivities may affect OMC economics

Pact with TotalEnergies to aid deepwater exploration: OIL CMD Ranjit Rath

The company's first partnership with TotalEnergies would help exploration in deep-water and ultra-deep water blocks, an area where OIL lacks significant expertise, Rath said

Reliance stops import of Russian crude oil into Jamnagar's SEZ refinery

India's Russian oil loadings at 3-yr low in Nov as refiners grow wary of US sanctions

India's oil and gas import bill drops 12% in Apr-Oct on softer crude prices

India saved on crude purchases as global prices fell, even with similar import volumes. The crude bill dropped 13% YoY to $71.2 billion in April-October, helping reduce the overall import bill

LPG deal with US likely to shield India from geopolitical shocks

India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel

India signs first LPG term deal with US to import 2.2 mt of cooking gas

Development comes at a time when negotiations for India-US BTA gather steam

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

ONGC's KG basin crude output dips to 28K bpd; peak gas expected by mid-2026

ONGC now expects peak gas production of 10 mmscmd from KG-98/2 by mid-2026, even as crude output declines to 28,000 bpd, prompting well interventions and BP-led technical support

NTPC to foray into coal gasification with 5-10 MT annual production goal

The state-run power giant aims to produce up to 10 million tonnes of synthetic gas annually at $10-$12 per mmBtu, while also expanding its nuclear energy capacity to 30 GW by 2047

Green H2 output target may be delayed by 2 years, says MNRE secretary

The policy uncertainties in Europe and the IMO's decision to defer its net-zero framework by a year were the prime factors for the target revision, said Santosh Sarangi

Restore APM allocation for CNG sector, include gas under GST regime: Panel

To boost natural gas adoption, a PNGRB expert panel has recommended restoring APM gas allocation for CNG, including gas under GST, and recognising it as a cleaner fuel in the scrappage policy

India diversifies petroleum exports as traditional buyers cut sourcing

Move comes as traditional buyers of the country reduce imports

PNGRB urges GAIL to phase out gas turbines, adopt electric motors

The gas regulator suggests India's top distributor switch to electric compressor motors to cut costs as GAIL seeks a tariff hike amid higher gas prices

Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong

India's crude oil imports from the US rose to the highest level in October since March 2021 as refiners bought 593 thousand bpd of crude oil from Washington

India's petrol demand rises 7% in October; diesel sales remain flat

India's fuel consumption trends diverged in October, with petrol sales rising on festive demand and diesel demand subdued by the growing use of EVs and CNG vehicles in public transport

BPCL Q2 net profit more than doubles to ₹6,442 crore; revenue up 2.54%

Company's board of directors approves interim dividend of ₹7.5 per equity share for FY26

India's maritime sector to create 15 mn jobs by 2047: Hardeep Singh Puri

Minister says govt working to give long-term charters to Indian carriers