Several top executives have left Nayara Energy. This includes directors and senior personnel. The resignations follow EU sanctions on the Rosneft-backed company. Those who resigned are Victoria Cunningham, Avril Mary Anne Conroy, Jorg Tumat, and Barbara (Hofbauer) Oberhauser. Alessandro Des Dorides also quit earlier. Nayara Energy has denounced the sanctions. Sergey Denisov is the new…
Reliance Industries, ONGC, and BP Exploration have formed a joint operating agreement to explore Block GS-OSHP-2022/2 in the Saurashtra Basin. ONGC will operate the block, awarded under the Hydrocarbon Exploration and Licensing Policy. The consortium aims to assess and develop the hydrocarbon potential of the 5,454 square kilometre offshore area.
India’s oil and gas sector is strategically transforming amidst global shifts, with Russian oil now dominating imports at 35% in FY25, a surge from 2% in FY20. This shift impacts Middle Eastern suppliers as India safeguards its USD 44.4 billion petroleum exports amid US sanctions. While India’s crude import dependency rises to 88.
In June, India and Taiwan emerged as the primary destinations for Russian seaborne naphtha exports, driven by competitive pricing and robust domestic demand. India’s imports reached 250,000 tons, while Taiwan doubled its intake to 234,000 tons. Due to Red sea crisis, shipments are being rerouted via Southern Africa, impacting delivery times and costs.
VFlowTech partners with FITT at IIT Delhi to research vanadium recovery from petcoke, aiming to establish India’s first circular vanadium ecosystem. This initiative converts refinery waste into battery-grade vanadium pentoxide for long-duration batteries, supporting grid stability and renewable energy deployment. With recent funding, VFlowTech advances local R&D and a ‘Made-in-India’ vanadium value chain.
Nayara Energy, an Indian refiner recently sanctioned by the EU, is reportedly shifting to domestic firms after Microsoft suspended its services. The company has condemned the sanctions and has filed a case against Microsoft in the Delhi High Court over the service withdrawal.
Nayara Energy, an Indian refiner backed by Russia, has scaled back operations at its 400,000 bpd refinery due to recent EU sanctions. These sanctions, implemented on July 18, have complicated the export of refined products, leading to storage challenges. Consequently, at least two tankers avoided planned loadings, and a tanker carrying Russian crude was rerouted…
The NCLT Hyderabad has permitted YS Jagan Mohan Reddy’s plea. It directs the cancellation of shares in Saraswati Power and Industries. These shares were transferred to YS Sharmila and Vijayamma. Jagan sought the reinstatement of his and his wife’s names in the company. Sharmila’s advocate stated they will appeal the order.
Andhra Pradesh government has cancelled Adani Green Energy Ltd’s (AGEL) 1,200 MW Kurukutti and 1,000 MW Karrivalasa pumped hydro storage power projects at the company’s request, citing boundary disputes between Andhra Pradesh and Odisha. AGEL requested cancellation and a refund of facilitation charges, which may be adjusted towards other projects.
Nayara Energy, an Indian refiner backed by Russia, has initiated legal action against Microsoft after the U.S. software company abruptly suspended critical services. The refiner has filed a petition in Delhi High Court seeking an immediate resumption of services, alleging restricted access to its data, tools, and products despite holding fully paid licenses.