Shubhangi Mathur

India's oil PSUs spent 81% of FY26 capital expenditure target until January

Of the ₹1.32 trn capex target for FY26, state-run oil firms have already spent ₹1.07 trn in the first 10 months

India's crude oil import bill drops 19% in January on softer global prices

India's crude oil import bill fell sharply in January as the Indian basket price averaged $63.08/bbl - $17 lower than last year - easing the country's overall energy burden

BPCL unfazed by geopolitics, to buy crude on techno-commercial merit: CMD

BPCL will source crude purely on techno-commercial merit amid geopolitical flux, with talks on Saudi investment in its Andhra refinery, says CMD Sanjay Khanna

Reliance Industries gets US licence to directly buy Venezuela crude oil

India's largest private refiner gets US general licence to purchase Venezuelan crude directly, potentially diversifying its crude slate and resuming imports after previous sanctions eased

US LNG imports hinge on pricing: Petronet LNG CEO Akshay Kumar Singh

Petronet LNG chief says any additional US LNG imports will hinge on pricing; Q3 consolidated net profit declines 2.4% to Rs 845.50 crore

Shell to expand integrated gas, GCC presence in India: Country chair

$289 bn energy giant plans to sign more LNG deals and strengthen lubricants business in India

PNGRB approves guidelines for CBG injection in gas pipeline, CGD networks

New guidelines for CBG injection into pipelines and CGD networks aim to improve project viability, ensure safe integration and accelerate green fuel scale-up

India-US deal: Cost, crude quality may delay gains from US energy upside

Despite a thaw in trade talks, higher costs, logistics challenges and refinery constraints may limit any near-term boost in India's crude oil, gas and LPG imports from the US

Govt extends bid submission deadline of auction round OALP-X to May

OALP-X is the largest bid round so far, offering 25 blocks spread over thirteen sedimentary basins, covering an area of 1.82 lakh sq km

India is at the centre of future demand wave: TotalEnergies' Sang Ratnam

TotalEnergies plans to ramp up LNG supplies to India, study expansion of Dhamra terminal, and deepen partnerships amid rising demand and geopolitical risks

IOC Q3 net profit soars six times on higher GRMs, LPG compensation

IOC's revenue from operations rose 7.7 per cent to Rs 2.36 lakh crore in the quarter ended December 2025

India-US trade deal: Refiners await govt nod on cutting Russian oil imports

Only two state-run refiners Indian Oil and BPCL and Russia-backed Nayara Energy Ltd purchased crude oil from Moscow in January

Budget 2026: State-run upstream players may lower spending for FY27

The capital expenditure of ONGC, country's largest oil and gas exploration player, is seen declining over six per cent to Rs 30,000 crore in FY27

Budget 2026: FM allocates ₹5,000 crore to develop tier-II, tier-III cities

Finance Minister Nirmala Sitharaman pitches tier-II and tier-III cities as engines of growth, rolling out reform-linked funding for city economic regions to drive balanced urban development

BPCL seeks $10-12 per barrel discount on Venezuelan crude for viability

The refiner is now able to process heavy Venezuelan crude at its Kochi and Bina refineries, following upgrades that have enhanced the complexity of its refining system

Indian Oil eyeing Africa and Europe for petrochemical exports: CMD

Indian Oil aims to increase refining capacity to 98.4 MTPA by 2028

Indian refineries to be configured to meet rising petchem demand: Puri

The greenfield refineries being built in India have a stronger focus on petrochemical production

ONGC, BP tieup boosts oil production from Mumbai High by 3,500-4,000 bpd

ONGC had onboarded BP as Technical Services Provider (TSP) for Mumbai High in February 2025 to boost production, while retaining ownership and operational control of the field

Will offer 'attractively priced' energy to India: Canada minister Hodgson

India and Canada are looking at boosting energy trade focused on oil, LNG and LPG

ONGC, RIL join hands to share resources for deepwater ops on East Coast

The companies would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging and well services, among other resources