Category: oil-&-gas

NTPC’s 3,300-MW Barh Super Thermal Power Project in Bihar is set to achieve full commercial operation. This milestone will be reached on July 1, 2025, with the commercial launch of Unit-3 (660 MW) under Stage-I. Following this, NTPC’s total installed and commercial capacity will rise to 60,978 MW on a standalone basis and 82,080 MW on a group basis.

Hitachi Energy India has secured an order from Power Grid Corporation of India to supply 30 units of 765-kV transformers, which will be manufactured in Gujarat. These transformers will enhance Powergrid’s grid security and efficiency, meeting increasing energy demands and transmitting power equivalent to 30 million households.

Indian refiners’ throughput saw a slight increase of 0.4% year-on-year in May, reaching 5.47 million barrels per day, driven by strong domestic fuel demand. Despite record-high crude oil imports, refinery runs were only modestly up due to lower refined product exports.

India, facing massive rice inventories exceeding government targets, is diverting record amounts of rice, 5.2 million metric tons, for ethanol production. This move aims to manage surplus stocks and sustain the ethanol blending program amidst sugarcane supply challenges. Increased rice availability for ethanol has also eased pressure on corn prices, benefiting the country’s energy goals.

Adani Group and Reliance Industries have partnered to distribute fuel, with Adani Total Gas outlets offering Jio-bp’s petrol and diesel, and Jio-bp stations installing Adani Total’s CNG units. This collaboration follows Reliance’s acquisition of a stake in Adani Power’s Mahan Energen last year.

ONGC achieved a crucial step at the RDS site by removing tubing stands from the rig derrick, paving the way for rig base removal and capping stack installation. A temporary increase in non-toxic gas discharge is expected during the BOP dismantling, posing no risk beyond 500 meters.

India has purchased 80% of Russia’s seaborne Urals crude exports so far in 2025, with Reliance Industries and Nayara Energy accounting for 45% of total shipments, according to Kpler data. Reliance alone has bought 77 million barrels this year, making it the world’s largest Urals buyer.

Adani Total Gas Ltd. and Jio-bp have partnered to enhance the auto fuel retail experience in India. Select ATGL outlets will offer Jio-bp’s high-performance fuels, while Jio-bp outlets will integrate ATGL’s CNG dispensing units. This collaboration leverages the strengths of both companies to provide a wider range of high-quality fuels to consumers across their networks.

Crude oil prices fell after Donald Trump announced a ceasefire between Israel and Iran. Prices had risen earlier due to fears of Iranian retaliation. However, Iran’s response was limited. China and other allies offered muted support to Iran. The events highlight the volatility of oil prices and the importance of keeping oil flowing.

Oil prices initially rose after the Israel-Iran conflict. However, they soon stabilized. Markets saw US involvement as a sign of de-escalation. Iran’s limited response and a ceasefire further eased concerns. Strong market fundamentals, increased OPEC+ output, and US strategic reserves contributed to stability. The Strait of Hormuz remained open.