The rules, issued under the recently approved Oilfields (Regulation and Development) Amendment Act, 2025, replace the earlier system of multiple licences with a single petroleum lease covering exploration, development and production of all hydrocarbons, including shale, according to a gazette notification.
India’s imports of Russian crude oil surged 4% in November to a five-month high of €2.6 billion, making it the second-largest buyer behind China. Refined fuels produced from this crude were significantly exported to Australia, with Jamnagar refinery’s shipments to the country increasing by 69%.
The Union Cabinet has approved major reforms. Foreign direct investment in insurance is now 100 percent. A new Higher Education Commission of India will be formed. The atomic energy sector is open for private companies. India and Oman signed a Free Trade Agreement. MGNREGA employment days have been revised. These steps aim to boost the…
India’s nuclear power sector is set for a major transformation. The Union Cabinet has approved the Atomic Energy Bill, 2025, named SHANTI. This landmark legislation will allow private companies to invest in nuclear power. This move is crucial for India to reach its ambitious target of 100 GW nuclear power capacity by 2047.
JSW Energy’s arm, JSW Energy Utkal Ltd, has secured a Power Purchase Agreement with Karnataka discoms. This deal will supply 400 MW of power starting April 1, 2026, for 25 years at Rs 5.78 per kWh. This agreement significantly boosts JSW Energy’s long-term revenue visibility. The company is on track to meet its 2030 capacity…
Russian oil exports significantly declined in November due to buyer caution over stricter US sanctions, leading to a substantial drop in Moscow’s oil revenue. This fall, coupled with lower Urals crude prices, marked the lowest export revenues since the Ukraine conflict began. Global oil supply also decreased, with OPEC+ contributing significantly to the decline.
ExxonMobil’s director of economics and energy, Prasanna V Joshi, stated that investments in oil and gas production are becoming more critical as alternative solutions are not emerging as rapidly as anticipated. Capital originally planned for transition projects is being reallocated to conventional oil and gas due to market and policy challenges for low-emission technologies.
India’s upcoming SHANTI Bill, or Atomic Energy Bill 2025, is set to revolutionize the nuclear landscape by integrating private investment into the once-closed sphere. This initiative will not only outline a structured approach for private ventures in mineral exploration and fuel fabrication but will also secure government oversight in core areas.
Power Finance Corporation’s subsidiary PFC Consulting Ltd has established a new company, Latur REZ Transmission Ltd. This special purpose vehicle will oversee the development of a crucial Latur transmission project. Maharashtra State Electricity Transmission Company Ltd has appointed PFCCL as the Bid Process Coordinator. The SPV will prepare the project for a competitive bidding process.
Amid concerns over the use of ethanol-blended petrol, Union Minister of Road Transport and Highways Nitin Gadkari said after extensive testing, no adverse impact has been found in cars where ethanol mixed petrol is used.