Author: Admin

US President Donald Trump’s trade tariffs have introduced additional uncertainties into the LNG market. Tom Summers from Shell highlights India’s significant LNG import volume growth, despite underutilization of India’s LNG terminals, and stresses Europe’s ongoing need for LNG post-Ukraine war.

Cairn Oil & Gas has entered a strategic alliance with TechnipFMC to expedite the delivery of integrated subsea infrastructure for deepwater projects in India. This collaboration leverages TechnipFMC’s engineering prowess and integrated project execution model, aiming to enhance efficiency and innovation in future deepwater exploration.

India’s oil imports from Russia have rebounded in March after three months of decline. Non-sanctioned vessels and diverted supplies from Turkey have facilitated this recovery. The increase in imports has helped ease supply issues and lower prices for Middle East oil. India’s imports are mainly of Urals crude, reaching 1.54 million barrels per day.

The parliamentary consultative committee on power, headed by Power Minister Manohar Lal, will discuss nuclear energy’s role in India’s net-zero journey. A presentation will highlight the country’s plan to increase nuclear power capacity to 100 GW by 2047 amidst public concerns about safety.

Singularity AMC will invest up to Rs500 crore in Bhilwara Energy Limited to create an integrated energy transition platform, HEG Greentech. This investment aims to support BEL’s growth in power assets, battery materials, recycling, and advanced battery systems for energy storage and EVs, enhancing India’s renewable energy efforts.

Fitch Ratings removed Adani Energy Solutions from its ‘Ratings Watch Negative’ list but assigned a Negative Outlook due to ongoing US investigations. These probes could uncover governance weaknesses affecting the company’s credit profile and future funding capacity, potentially impacting its capital expenditure plans.

Oilmax Energy announces a Rs 450 crore investment in Assam, focusing on the Tiphuk oil and gas field, quartz mining, and a compressed biogas plant. The investment includes partnerships with BCPL, Government of Assam, and AGCL, and aims to create approximately 300 local jobs.

ONGC PetroAdditions Ltd (OPaL) is set to exit the ‘only-for-export’ unit status by 2025 to focus on the domestic market, boosting its competitiveness and margins. The move aims to address financial challenges and leverage the lower corporate tax regime.

Jammu and Kashmir Congress president Tariq Hamid Karra criticized the NHPC for exploiting the state’s resources and taking unwarranted consultancy fees. He highlighted issues like biased promotions, vacant leadership positions, and non-local firms benefitting from mining auctions, likening NHPC to the exploitative East India Company.

JSW Energy has successfully completed the acquisition of the 1800 MW KSK Mahanadi thermal power company by paying ₹16,084 crore to creditors ahead of the deadline. This acquisition is part of a broader strategy, marking JSW’s third significant power sector acquisition.