Page 2 - Shubhangi Mathur

Andaman discovery holds potential to change India's oil and gas landscape

The catch is that this is still a find of hydrocarbon presence; whether the basin will actually yield natural gas is still unknown, and even it does, it could take a decade for commercialisation

Will comply with all international sanctions: IOC Chairman A S Sahney

India's state-run oil refiners procure crude oil from Russia from the spot market through traders, shielding the companies from direct impact of the US sanctions

Indian refiners may buy more oil from West Asia after Russia sanctions

Indian refiners will likely lean on Iraqi Basrah Medium, a type of crude oil, barrels to replace lost Russian grades

RIL to adjust refinery operations after US sanctions Russian oil firms

Reliance also agreed to follow EU guidelines on imports of refined oil products into Europe amid widening sanctions on Russian crude trade

US sanctions on Russian oil majors may hurt Reliance Industries, Nayara

Rosneft, Lukoil major suppliers to India; crude import bill may rise by over ₹23K cr

India's nuclear power push to 100 GW by 2047 hinges on reforms, funding

A government panel says India needs Rs 19 trillion investment, policy clarity, and private participation to reach its 2047 target of 100 GW nuclear capacity

India's crude oil bill down 15% in H1; Russia imports up in October

Overall imports dip to $60.7 bn from $71.2 bn last year

Raising energy purchases from the US hinges on prices, say analysts

Experts say US grades face logistical, economic, and compatibility challenges with Indian refinery configurations

Nuke suppliers' liability: Government panel calls for clear limits

The panel also highlighted the need for a precise definition of "supplier" in nuclear energy projects, to clarify that vendors providing trivial items would not fall under this definition

ONGC plans 15% cost reduction to prepare for $60 per barrel crude price

Of the Rs 9,000 crore savings forecast, ONGC expects savings of Rs 4,300 crore by March 2026 as it implements 20 initiatives to boost cost efficiency

IGL will explore international markets for business expansion: MD Chatiwal

For FY26, we are planning capex of around Rs 2,000 crore which includes around Rs 1,400 crore in the core business and Rs 600 crore for diversification in renewables, CBG

Andhra allots 6,000 acres to BPCL for ₹96,000 cr refinery near port

The state government also announced in-principle approval of total financial incentives to BPCL, up to 75 per cent of the capital expenditure over a period of 20 years from the commencement of project

India on track to achieve 500 GW renewable energy target by 2030: Joshi

Union minister Pralhad Joshi says India's clean energy growth, led by solar, is progressing steadily with 162 GW in the pipeline and bids floated for nearly 100 GW

BPCL to complete Andhra refinery feasibility report by December 2025

Bharat Petroleum will complete the feasibility report for its Andhra Pradesh greenfield refinery by December 2025 before beginning talks with foreign partners for collaboration

Domestic gas demand to pick up pace by FY27: IGX chief Rajesh Mediratta

Indian Gas Exchange (IGX), the only gas exchange in the country, sees domestic gas demand picking up pace in the coming years with prices softening to $8-$9 per million British thermal unit (MBTU)

India's oil demand to hit 9 mn bpd by 2050; coal to stay dominant: BP

BP projects India's oil demand to grow 80% by 2050 even as renewables surge; coal to retain over 40% share in the energy mix under current trajectory

India ramps up US oil purchases amid trade talks, diversification push

Crude oil loading refers to volumes of oil loaded at a producing country's port for respective destinations. Oil shipments loaded in the US typically take around two months for delivery in India

Diesel demand up 6.3%, petrol 7.5% in September on festive, freight boost

India's diesel and petrol consumption rose strongly in September 2025, aided by GST cuts, festive mobility and higher freight, though aviation fuel demand slipped

Oil ministry invites applications for BPCL CMD post, last date October 21

The Petroleum Ministry has called for applications for BPCL's CMD post after G Krishnakumar's tenure ended; Sanjay Khanna currently holds additional charge of CMD

Govt steps on gas: 24-hour delivery of LPG could soon be reality

New interoperable system to unify LPG delivery across firms