ONGC Energy Centre Trust and Engineers India Ltd. have partnered to establish a Helium Recovery Demonstration Plant in Tamil Nadu, valued at Rs 39.42 crore. This plant, utilizing CSIR-IIP technology, aims to extract high-purity Helium from natural gas, addressing India’s import reliance.
Indian Oil Corporation (IOC) and Air India have partnered to promote sustainable aviation fuel (SAF), marking a significant move towards greener aviation in India. IOC will supply SAF produced from used cooking oil, starting December, at its Panipat refinery, with an annual production of 35,000 tonnes.
Chinese oil refiners are increasing their purchases of discounted Russian Urals crude, capitalizing on India’s reduced intake due to increased US tariffs. This shift in global oil flows sees China importing almost double its usual Urals volume, while Indian imports have significantly decreased. The US is taking differing approaches to China and India regarding Russian…
India’s crude oil imports are declining due to stagnant demand both domestically and internationally. This raises concerns about India’s role as a key driver of global oil demand. Crude imports fell by 0.6% from April to July. Product imports also experienced a decrease of 1.5%. Weak domestic fuel consumption is contributing to this slowdown.
White House trade advisor Peter Navarro says India’s purchase of Russian crude is funding Moscow’s war in Ukraine. He adds that New Delhi is now cozying up to both Russia and China. Navarro suggests India needs to act like a strategic partner of the US if it wants to be treated as one.
Indian Oil Corporation will commence sustainable aviation fuel (SAF) production in December at its Panipat refinery, with a 35,000-tonne annual capacity. This output aims to meet India’s international airline SAF blending requirements by 2027, utilizing used cooking oil as feedstock. The company has secured ISCC CORSIA certification, positioning it as the sole certified SAF producer…
Indian refiners are proceeding cautiously with Russian oil tenders for September, awaiting clarity on potential penalties proposed by the U.S. government. While concerned about market tightening and price increases from a hasty shift away from Russian supplies, they are closely monitoring developments and relying on their own market assessments, as the government has not issued…
India’s rapid shift to E20 fuel, containing 20% ethanol, is causing unforeseen issues for car owners. Many vehicles, designed for E10 fuel, experience reduced mileage and engine problems due to E20’s corrosive properties. While the government touts economic and environmental benefits, consumers face unexpected maintenance costs and a lack of clear information about fuel compatibility.
Following a meeting with Russian President Vladimir Putin in Alaska, U.S. President Donald Trump stated he doesn’t foresee the immediate need for retaliatory tariffs on countries purchasing Russian oil. However, Trump indicated this situation might change, suggesting he may need to consider such tariffs in the coming weeks, depending on future developments.
Prime Minister Modi announced India’s plan to launch a deepwater exploration mission, aiming to boost domestic oil and gas production and reduce reliance on imports. With current imports covering 90% of oil and 50% of gas needs, the mission seeks to achieve energy independence and unlock the potential of areas like the Andaman Sea, attracting…