Companies with much to lose, and gain, from the Trump administration are honoring the president’s rebranding of the Gulf of Mexico.
5 min read15 Feb 2025This verdict marks a significant victory for the Union government in its long-running legal battle with RIL over gas migration in the Krishna-Godavari basin.
3 min read14 Feb 2025If the price of green hydrogen comes down from the current $5.5-6.0 to $3 per kg, it will bring a revolutionary change. There will be public pressure to stop fossil fuels and go for more green hydrogen, minister Puri said.
5 min read14 Feb 2025Vedanta group company seeks to join ONGC as a domestic deepwater explorer.
2 min read13 Feb 2025The International Energy Agency modestly raised its forecast for global oil-demand growth and said improved compliance with output quotas among members of the OPEC+ alliance is reducing a projected supply surplus in the market.
3 min read13 Feb 2025The US is currently the fifth largest oil supplier to India, even as Russia has emerged as top import destination for oil.
2 min read12 Feb 2025The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s trade policy is injecting a dose of uncertainty into markets.
2 min read12 Feb 2025There has been a major policy focus on LNG amid India’s energy transition journey as it is considered to be a cleaner fuel compared to crude oil. The government aims increase the share of natural gas in the country’s energy basket from 7% currently to 15% by 2030.
3 min read11 Feb 2025With 25 blocks on offer across 1.91 lakh square kilometres, this is the largest in terms of acreage offered in a single bid round under the Hydrocarbon Exploration and Licensing Policy.
2 min read11 Feb 2025Indian Oil is purchasing Russian crude oil without sanctioned entities’ involvement. The company anticipates a 6-7% growth in gasoline demand and 4% in diesel by 2026. However, petrochemical margins are expected to remain weak due to oversupply, according to the chairman.
2 min read11 Feb 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared