Page 2 - Shubhangi Mathur

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

Energy sector has $500 billion investment potential: PM Narendra Modi

Prime minister says pact covers a quarter of global GDP as India builds export-oriented energy ecosystem

ONGC seeks oil majors for Western offshore blocks; multiple deals signed

ONGC has invited global oil majors for technical support partnerships in its western offshore blocks to lift output

India Energy Week kickstarts in Goa on Tuesday amid geopolitical turmoil

The country is hosting the fourth edition of IEW, bringing global energy ministers, industry leaders, policymakers, financial institutions, academia and technology providers on a common platform

HPCL bets big on renewables and biofuels to meet 2040 net-zero target

HPCL's capex spending includes 15% for gas projects, 8% for renewables, 4 per cent for biofuels, 3% for electric vehicle (EV) or alternate fuels and 6% for net zero projects

BPCL to double crude imports from Brazil's Petrobras in $780 mn deal

Domestic refiners are scouting for additional crude supplies from traditional sources while also exploring new geographies

Hindustan Petroleum likely to consider processing Venezuela crude oil

Refiner was unable to do so earlier due to the crude's high acidic nature

HPCL net profit grows 57.7% in Q3 on higher GRMs, LPG compensation

State-run HPCL reported a sharp rise in December-quarter profit, aided by stronger refining margins and LPG compensation, even as sales volumes improved and revenue rose modestly year-on-year

India's oil bill plunges 8.5% in December amid falling crude prices

The country benefited from lower crude oil prices, driven by an oversupplied global market and subdued demand conditions

India's Russian crude oil buys may average 1.2 mbpd amid sanctions: Kpler

India is diversifying its crude slate by stepping up purchases from traditional suppliers such as Iraq and Saudi Arabia

Oil refiners to report strong Q3 performance aided by high refining margins

The state-run refiners are expected to report gross refining margins of $10-13 per barrel in the third quarter of FY26, aided by strong product cracks and benign crude prices

India slips to third among Russian oil buyers as US sanctions hit flows

RIL has cut Russian oil imports by 49 per cent, while the state-run refineries reduced it by 15 per cent in the month, said CREA

India partners Germany to develop green hydrogen infrastructure

The partnership focuses on deepening bilateral engagement while accelerating the adoption of renewable energy in India

Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

India-led ISA to keep working to meet goals despite US withdrawal

The withdrawal would mean ceasing of US participation and funding to these organisations

Indian Gas Exchange to launch IPO by December 2026, says MD and CEO

IGX would raise funds through offer for sale (OFS) by existing shareholders, with parent company Indian Energy Exchange (IEX) bringing down its share in the company to 22 per cent

Juniper Green raises ₹2,039 cr in debt financing for renewable projects

The company raised the debt financing from the National Bank for Financing Infrastructure and Development (NaBFID), HSBC Bank, DBS Bank India, Barclays Bank and Aseem Infrastructure Finance Limited

Venezuela needs $183 bn till 2040 to boost crude oil output to 3 mbpd

Venezuela produces only about 0.8 per cent of global crude output despite holding 18 per cent of the world's oil reserves, reflecting years of underinvestment and infrastructure constraints