Category: oil-&-gas

Petrobras signed agreements with BPCL for crude oil supply and with ONGC Videsh Ltd and Oil India Ltd for cooperation in oil and gas exploration. These strategic pacts aim to diversify India’s energy sources, enhance bilateral energy cooperation, and explore opportunities in India’s offshore regions, reinforcing India’s energy security and Petrobras’ role as a reliable supplier.

India’s LNG imports are projected to more than double by 2030, driven by an 11% annual rise in demand and sluggish local gas production growth. LNG consumption is expected to reach 64 bcm annually, with overall gas consumption surging to 103 bcm. Additional import capacity and contracts are essential to meet future needs.

TotalEnergies has signed a 10-year deal to supply 400,000 tonnes of LNG annually to Gujarat State Petroleum Corporation starting in 2026. The agreement aims at serving industrial customers, households, and CNG vehicles in India, reinforcing GSPC’s strategy to secure competitive LNG. This marks TotalEnergies’ second major LNG supply deal with an Indian company in the past year.

Indian oil refiners are restructuring supply chains with new entities and shipping arrangements to continue importing Russian crude amid stricter US sanctions. Despite challenges, including blacklisted sellers and tankers, efforts are underway to procure Russian oil without disrupting supplies or incurring higher costs.

BHEL has won a contract from MAHAGENCO to set up two units of the 1320 MW Koradi supercritical thermal power station in Nagpur. The project involves design, engineering, manufacturing, and commissioning of the main plant, along with supply of emission control equipment. BHEL’s contribution to Maharashtra’s coal-based power capacity exceeds 75%.

IEA recommends India to liberate natural gas pricing and unbundle marketing and transportation to boost usage, projecting 60% rise in demand by 2030. It suggests policy reforms, gas pricing freedom for all fields, and infrastructure transparency to encourage cleaner fuel adoption and significant market growth.

GreenLine Mobility Solutions plans to expand its LNG retail outlets from three to 10 by 2025 and increase its fleet of LNG-powered trucks to 1,000 by March FY25, aiming to cut emissions and reduce reliance on diesel. The expansion includes building critical fuelling infrastructure, crucial for India’s transition to a greener logistics industry, according to CEO Anand Mimani.

India is aiming to expand its nuclear power capacity significantly by 2047 with over $2 bn pledged toward research and changes in laws to attract investment. Despite nuclear power’s high cost and long installation time, it is seen as a necessary addition to combat climate change and improve energy reliability.

Adani Power may restore its full electricity supply to Bangladesh as the country is reducing its power dues. Bangladesh’s payments have decreased from $1 billion in August 2024 to $700 million, with current monthly payments at $85 million. A meeting to resolve further issues between BPDB and Adani officials is ongoing.

OPEC’s Secretary General Haitham al-Ghais emphasizes the importance of oil market stability for global economic growth and investment. He highlights OPEC+ unity in analyzing and balancing supply and demand to maintain market stability, countering accusations of artificially boosting prices.